The Composite Stock Price Index (IHSG) of the Indonesia Stock Exchange opened lower on Tuesday, December 30, 2025, dropping about 16 points to 8,627.40. This decline was driven by profit-taking by market participants ahead of the 2025 trading close. Analysts project potential further strengthening if the index holds above certain levels.
On the opening of trading Tuesday, December 30, 2025, the Composite Stock Price Index (IHSG) of the Indonesia Stock Exchange (BEI) fell 16.85 points or 0.20 percent to 8,627.40. The blue-chip LQ45 group also dropped 4.51 points or 0.53 percent to 847.52. The decline was due to profit-taking by market participants ahead of the 2025 market close, amid cautious sentiment while awaiting early 2026 economic data.
Phintraco Sekuritas Research Head Ratna Lim stated, "At the start of 2026, investors will monitor several domestic economic indicators." Projections indicate the S&P Global Manufacturing PMI for December 2025 rising to 53.6 from 53.3 in November. Monthly inflation for December is forecasted at 0.2 percent (mtm) from 0.17 percent, while annual inflation at 2.5 percent (yoy) from 2.72 percent.
From abroad, market participants await the FOMC minutes from the Fed's December 2025 meeting, released on December 31, and U.S. S&P/Case-Shiller Home Price data for October rising 1.3 percent (yoy). China's December Manufacturing PMI is expected to improve. Positive sentiment arises from expectations that the Fed is nearing the end of its monetary tightening cycle, with potential rate cuts in 2026.
On the previous Monday, December 29, 2025, the IHSG rose 1.25 percent to 8,644.25 after rebounding from support at 8,510-8,550. Binaartha Sekuritas analyst Ivan Rosanova predicts a bullish trend if it breaks 8,742, with support at 8,493 and resistance at 8,742. Phintraco projects the IHSG to trade between support 8,500 and resistance 8,725, with potential upside to 8,670-8,725 if above 8,630.
Global trading on Monday showed mixed results: Europe varied with Euro Stoxx 50 up 0.09 percent; U.S. with Dow Jones down 0.51 percent; Asia with Nikkei down 0.22 percent.
Binaartha's potential stock recommendations include PT Bukit Asam Tbk (PTBA) buy on weakness at 2,220-2,260 target 2,400, PT Unilever Indonesia Tbk (UNVR) trading buy at 2,650-2,750 target 2,930, and PT Adaro Energy Indonesia Tbk (ADRO) buy on weakness at 1,820-1,860 target 2,050.
