IHSG Today: Jakarta Composite Surges 2.14% to 5,235.4 as LQ45 Gains 2.66% While Asian Peers Slip
The Jakarta Composite rose 2.14% to 5,235.4 and the LQ45 gained 2.66% on Thursday as Tokyo, Hong Kong and Shanghai fell.
Indonesian stocks rallied sharply on Thursday afternoon, with the Jakarta Composite Index (IHSG) up 2.14% at 5,235.4 in the latest reading, a gain of 109.7 points from the previous close of 5,125.7. The blue-chip LQ45 outperformed at 541.05, up 2.66%.
The move stands out because most of the region went the other way. Japan's Nikkei 225 finished 0.7% lower at 60,819.36, Hong Kong's Hang Seng fell 1.26% to 24,008.55, and the Shanghai Composite slipped 0.22% to 3,655.83. Singapore's Straits Times eased 0.11%, while Sydney's ASX 200 closed 0.2% higher and India's Sensex was close to flat, up 0.03%.
Small caps and infrastructure lead the board
Gains were broad but led by mid-sized names. Rukun Raharja (RAJA) climbed 11.59% to 520, Energi Mega Persada (ENRG) rose 9.82% to 615, and Tower Bersama Infrastructure (TBIG) added 9.5% to 1,095. Their gains are tracked on the RAJA, ENRG and TBIG pages.
Not everything rose. Barito Pacific (BRPT) fell 6.71% to 765, Merdeka Battery Materials (MBMA) dropped 5.1% to 298, and coal miner Indo Tambangraya Megah (ITMG) lost 4.55% to 23,625. The split shows a market that was selective even on a strong day, with battery-materials and coal-linked names among the laggards.
Rupiah gives back a little
The rally did not come with a stronger currency. The rupiah weakened 0.21% to roughly 18,230 per dollar, according to the USD/IDR board. A softer rupiah alongside a rising equity index suggests the buying was concentrated in domestic shares rather than in a broad move into the currency.
Stocks in Jakarta had gone against the regional grain a day earlier too: the index closed down 0.40% on Wednesday at around 5,105 while most Asian peers rose. Thursday's session reverses that pattern, with Jakarta rising as Tokyo and Hong Kong declined.
Global backdrop
Overnight, Wall Street closed firmly higher. The S&P 500 rose 1.31% to 7,619.38 and the Nasdaq gained 1.6% to 25,466.19, led by chipmakers. The Dow added 0.49% to 52,486.49. US stock futures were softer in Asian hours, with S&P 500 futures down 0.38% and Nasdaq 100 futures down 0.8%.
The US 10-year Treasury yield stood at 4.998%, and the VIX volatility gauge was up 4.92% at 18.35. The Dollar Index was little changed at 102.899. European markets were higher in early trade, with the DAX up 1.08%, the CAC 40 up 0.74% and the FTSE 100 up 0.25%.
Commodities were mixed. Brent crude edged up 0.24% to $92.98 a barrel, while gold fell 1.56% to $3,924.89 an ounce and silver slid 2.13% to $50.90. Copper dropped 1.07%. Bitcoin traded at $73,370.8, down 0.75%.
What to watch next
The official closing level for the Jakarta Composite and LQ45 will be set when the session ends, and the figures above reflect the latest available readings, so the final percentage gain may differ. Traders will also be watching whether foreign flows and the rupiah follow equities higher, and how the regional picture develops after the Nikkei and Hang Seng declines on the Nikkei 225 and Hang Seng boards.
In the United States, Cisco and Applied Materials are due to report after the close on Thursday, an event that could set the tone for technology shares when Asia opens on Friday.
Markets at a glance
| Market | Last | Change | % Change |
|---|---|---|---|
| IHSG | 5,235.41 | +109.68 | +2.14% |
| LQ45 | 541.05 | +13.99 | +2.66% |
| Nikkei 225 | 60,819 | −429 | −0.70% |
| Hang Seng | 24,009 | −307 | −1.26% |
| Shanghai Comp. | 3,655.83 | −7.89 | −0.22% |
| Straits Times | 5,283.68 | −5.98 | −0.11% |
| ASX 200 | 9,146.8 | +17.8 | +0.20% |
| Sensex | 81,906 | +27 | +0.03% |
Data as of 12 Nov 2026, 16:05 WIB (09:05 GMT). Source: JournalArta Markets (Yahoo Finance, Twelve Data); some exchange data may be delayed up to 15 minutes. Follow live prices on JournalArta Markets. This article is for information only and is not investment advice.
