IHSG Opens 0.81% Higher, Hits Fresh Yearly Peak as CDIA and COIN Rally Again
Main Takeaways
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JAKARTA, investortrust.id — The Jakarta Composite Index (IHSG) opened 59.02 points, or 0.81%, higher at 7,346 on Friday, July 18, 2025, setting a new peak for the year and surpassing the previous high of 7,324 set on Jan. 23.
The broad rally was led by gains in infrastructure and technology stocks, both rising over 3%, followed by advances in financials, energy, property, and basic materials.
Shares of PT Chandra Daya Investasi Tbk (CDIA) and PT Indokripto Koin Semesta Tbk (COIN) were again among the top performers. Both stocks hit their upper auto rejection limits (ARA), with CDIA soaring 25% to Rp 975 and COIN jumping 24.47% to Rp 590. The two had been suspended the previous day after six consecutive ARA sessions.
Other speculative counters including TBMS, OKAS, and JAWA also surged.
On Thursday, the index had rallied 95 points, or 1.32%, to close at 7,287, with trading value reaching Rp 12.16 trillion ($760 million). Foreign investors reversed their position to record a net buy of Rp 636.31 billion ($39.7 million), led by purchases in Bank Mandiri (BMRI) worth Rp 183.03 billion, Bank Rakyat Indonesia (BBRI) at Rp 159 billion, and Telkom Indonesia (TLKM) at Rp 139.89 billion.
The rebound was driven by a 7.21% jump in the tech sector, fueled by sharp gains in PT DCI Indonesia Tbk (DCII) and PT Indointernet Tbk (EDGE). Infrastructure stocks rose 2.54%, while transport gained 1.91%, non-primary consumer goods 1.68%, basic materials 1.02%, finance 0.15%, and healthcare 0.96%. Conversely, industrials, property, and energy saw mild declines.
Friday’s rally was further fueled by conglomerate-led gains. DCII rose by the maximum 19.99% to Rp 223,250, while PT Barito Pacific Tbk (BRPT) jumped 8.46% to Rp 2,180.
Among stocks that surged to ARA were OKAS, up 34.46% to Rp 199; PEGE, up 34.26% to Rp 145; MERI, gaining 25% to Rp 565; NRCA, rising 24.43% to Rp 815; FMII, up 24.84% to Rp 392; and DCII, capping the day at Rp 223,250.