Flooring Guide by Cinvex – JAKARTA — In a striking display of market dynamics, shares of Bakrie Group-affiliated companies experienced a robust rally on Tuesday, November 11, 2025, even as the broader Indonesia Composite Index (IHSG) closed in the red zone.
According to data from the Indonesia Stock Exchange (BEI), the IHSG concluded the trading day down 0.29%, shedding 24.72 points to settle at 8,366.51. The composite index had opened at 8,437.95 and briefly touched an intraday high of 8,443.68. The market saw 290 stocks advance, 378 decline, and 147 remain stagnant, with the total market capitalization reaching a substantial Rp15,291 trillion.
The downward pressure on the IHSG performance was primarily driven by corrections in several blue-chip stocks. These included PT Bank Central Asia Tbk. (BBCA), which slipped 2.04%; PT Barito Renewables Energy Tbk. (BREN), declining 1.96%; PT Unilever Indonesia Tbk. (UNVR), down 1.58%; and PT Bank Mandiri (Persero) Tbk. (BMRI), which saw a 1.06% decrease. Conversely, certain key stocks defied the trend, with PT Telkom Indonesia (Persero) Tbk. (TLKM) rising 2.33% to Rp3,520, PT Astra International Tbk. (ASII) climbing 1.56% to Rp6,525, and PT Chandra Asri Pacific Tbk. (TPIA) gaining 0.36% to Rp7,050.
In a direct contrast to the broader market’s somber performance, eight companies within the prominent Bakrie Group closed with significant gains. Leading this surge was PT Bumi Resources Tbk. (BUMI), whose shares soared an impressive 32% to Rp198 per share.
The stellar performance of BUMI stock is particularly noteworthy, having jumped 43.48% over the past five trading days. This remarkable upward trajectory can be attributed to its impending inclusion in three prestigious BEI stock indices: LQ45, IDX80, and the Bisnis-27 index, effective from November 2025. This strategic entry into key indices often signals increased investor interest and liquidity.
Beyond BUMI, other Bakrie Group stocks also posted strong results. PT Dharma Henwa Tbk. (DEWA) advanced 12.06% to Rp446, PT Bakrieland Development Tbk. (ELTY) climbed 10% to Rp22, PT Energi Mega Persada Tbk. (ENRG) increased 3.3% to Rp940, and PT VKTR Teknologi Mobilitas Tbk. (VKTR) surged 18.7% to Rp430 per share. Additionally, PT Bumi Resources Minerals Tbk. (BRMS), a gold mining entity co-owned by the Bakrie and Salim Groups, rose 2.05% to Rp995. Similarly, PT Viva Media Asia Tbk. (VIVA) gained 3.57% to Rp29, and PT Bakrie Sumatera Plantations Tbk. (UNSP) edged up 0.57% to Rp176 per share, completing a strong day for the conglomerate.
Looking ahead, market analysts provided their insights on the IHSG outlook. Valdy Kurniawan, Head of Research at Phintraco Sekuritas, projected a potential continuation of the IHSG’s weakening trend towards the 8,350-8,325 range, aligning with an “overbought” market position. Adding a technical perspective, Reza Priyambada, Director of Reliance Sekuritas Indonesia, noted that while the IHSG’s last candle was bearish, it remained above the MA5 and MA20 moving averages, with the MACD indicator showing a golden cross. Reliance Sekuritas forecasts the IHSG to trade within a support range of 8,337 and a resistance level of 8,478, with an underlying tendency to strengthen.
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Summary
On Tuesday, November 11, 2025, shares of Bakrie Group-affiliated companies experienced a robust rally, despite the broader Indonesia Composite Index (IHSG) closing down 0.29% at 8,366.51. The market’s decline was primarily driven by corrections in several blue-chip stocks, though some key stocks like PT Telkom Indonesia Tbk. and PT Astra International Tbk. saw gains.
Eight Bakrie Group companies closed with significant gains, with PT Bumi Resources Tbk. (BUMI) leading the surge by soaring 32% to Rp198 per share. BUMI’s impressive 43.48% jump over five trading days is attributed to its impending inclusion in the LQ45, IDX80, and Bisnis-27 stock indices effective November 2025. Other Bakrie stocks, including PT VKTR Teknologi Mobilitas Tbk. (VKTR) and PT Dharma Henwa Tbk. (DEWA), also recorded substantial increases.