Jakarta Stock Index Hits 2025 Peak at 7,469, Driven by Tech Surge and Big-Cap Rallies
Main Takeaways
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JAKARTA, Investortrust.id — Indonesia’s benchmark stock index surged to its highest level this year, closing at 7,469.23 on Wednesday, July 23, 2025, boosted by strong gains in technology and big-cap stocks. The Jakarta Composite Index (IHSG) jumped 124.49 points, or 1.69%, marking its highest close since Nov. 5, 2024, with total trading value reaching Rp 13.63 trillion ($843 million).
The rally was powered by sharp advances in major stocks, particularly PT DCI Indonesia Tbk, which soared 19.99% to a new all-time high of Rp 346,725. PT Pantai Indah Kapuk Dua Tbk (PANI) jumped 10.78% to Rp 16,700, followed by PT Asia Sesami Indonesia Tbk (ASSI) which rose 5.54% to Rp 4,950. PT Chandra Asri Petrochemical Tbk (TPIA) gained 2.55% to Rp 9,050, and PT Amman Mineral Internasional Tbk (AMMN) added 1.26% to Rp 8,050.
All sectoral indices finished higher, with technology leading the charge, rising 7.93%. The industrial sector followed with a 2.91% increase, property rose 2.39%, basic materials gained 2.05%, primary consumer goods added 1.09%, and the financial sector edged up 0.53%.
Several stocks hit the daily upper trading limit, or auto reject atas (ARA), including PT Koka Indonesia Tbk (KOKA), which surged 34.78% to Rp 93; PT Bank Amar Indonesia Tbk (AMAR), which jumped 34.13% to Rp 224; and PT Indomobil Multi Jasa Tbk (IMJS), which gained 34.04% to Rp 252.
ARA momentum also lifted PT Argo Pantes Tbk (ARGO) by 25% to Rp 1,550 and PT Indomobil Sukses Internasional Tbk (IMAS) by 25% to Rp 1,100. Meanwhile, PT Arthavest Tbk (ARTA) climbed 18.96% to Rp 3,890, though it did not hit the ARA threshold.
On the downside, PT Merdeka Industri Tbk (MERI) was the biggest decliner for a third straight day, falling 14.63% to Rp 350. Other notable laggards included PAMG (-12.50% to Rp 84), PANR (-9.09% to Rp 1,000), JATI (-8.70% to Rp 147), AYLS (-7.76% to Rp 107), and INDR (-7.53% to Rp 2,580).
The strong performance came after the index had dipped 0.72% on Tuesday to 7,344.74, snapping an 11-day winning streak that began on July 7 and had pushed the IHSG up 7.76%. On that day, foreign investors booked a net sell of Rp 561.75 billion ($34.7 million), pressuring the index.
Tuesday’s correction was led by profit-taking in several of conglomerate Prajogo Pangestu’s holdings. TPIA plunged 5.36% to Rp 8,825, Barito Pacific Tbk (BRPT) fell 7.95% to Rp 2,200, and Barito Renewables Tbk (BREN) edged down 0.32% to Rp 7,875. Other draggers included Aneka Tambang Tbk (ANTM), which slumped 7.21% to Rp 2,960; AMMN, which slipped 1.24% to Rp 7,950; and PANI, which declined 3.52% to Rp 15,075.
Other stocks that saw steep gains Wednesday included PT Wahana Interfood Nusantara Tbk (COCO), which soared 34.09% to Rp 236, and PT Reliance Sekuritas Indonesia Tbk (RELI), which hit ARA with a 24.82% rise to Rp 880. PT Remala Abadi Tbk (DATA) rallied 19.34% to Rp 1,820, while PT Jembo Cable Company Tbk (JECC) jumped 16.67% to Rp 980.
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