IHSG Surges 1.64% in First Session, Led by Big Cap Gains with DCII at the Forefront
JAKARTA, investortrust.id – Indonesia’s benchmark stock index, the Jakarta Composite Index (IHSG), surged 1.64% or 107.32 points to 6,638 in the first trading session on Thursday, March 6, 2025. The index moved within the range of 6,531 to 6,667, with a total transaction value of Rp 5.42 trillion ($340 million).
The rally was supported by gains in most stock sectors, including energy (up 2.61%), basic materials (2.66%), healthcare (2.32%), financials (1.02%), technology (5.73%), and property (1.89%).
Large-Cap Stocks Drive Gains
The surge was primarily driven by strong performance in large-cap stocks, with PT DCI Indonesia Tbk (DCII) soaring 9.98% to Rp 140,475 per share. Other blue-chip stocks, including PT Bank Central Asia Tbk (BBCA), PT Bank Rakyat Indonesia Tbk (BBRI), PT Chandra Asri Pacific Tbk (TPIA), PT Barito Renewables Energy Tbk (BREN), PT Bank Mandiri Tbk (BMRI), and PT Dian Swastatika Sentosa Tbk (DSSA), also contributed to the index's rise.
Top Gainers and Losers
Several stocks posted substantial gains, with PT Bank Artha Graha Internasional Tbk (INPC) jumping 27.63% to Rp 194, PT Electronic City Indonesia Tbk (ECII) rising 27.27% to Rp 224, PT Visi Telekomunikasi Infrastruktur Tbk (GOLD) climbing 24.79%, and PT Jakarta Setiabudi Internasional Tbk (JSPT) advancing 19.57% to Rp 11,000.
Conversely, some stocks experienced declines, including PT Ricky Putra Globalindo Tbk (RICY), PT Pradiksi Gunatama Tbk (PGUN), PT LCK Global Kedaton Tbk (LCKM), PT Cipta Selera Murni Tbk (CSMI), and PT Fortune Indonesia Tbk (FORU).
Strong Performance Continues from Previous Day
On Wednesday, IHSG had already surged 2.37% or 151 points to close at 6,531.40, driven by foreign investors' net buying in BBCA and BBRI. That rally was fueled by gains in the technology sector (5.94%), basic materials (2.23%), industrials (2.86%), financials (1.40%), energy (1.04%), infrastructure (1.26%), and property (1.11%).
Several stocks hit the upper trading limit (auto reject atas or ARA), including PT Andalan Sakti Primaindo Tbk (ASPI), which soared 34.48% to Rp 195, PT Data Sinergitama Jaya Tbk (ELIT) rising 34.04% to Rp 252, PT Artha Mahiya Investama Tbk (AIMS) climbing 25% to Rp 340, PT Indointernet Tbk (EDGE) strengthening 24.71% to Rp 5,450, and PT Communication Cable Systems Indonesia Tbk (CCSI) increasing 24.85% to Rp 422.
With strong market momentum, investors continue to monitor large-cap movements and foreign buying trends as key drivers for IHSG's performance.