The Composite Stock Price Index (IHSG) rose 0.65 percent or 55 points to 8,604.59 at the end of the first trading session on Tuesday, December 2, 2025. The gain was driven by surges in the industrial and cyclical sectors, while the rupiah strengthened against the US dollar amid optimism over a potential Federal Reserve rate cut.
On Tuesday, December 2, 2025, the IHSG opened higher and traded in the range of 8,565 to 8,617, with transaction value reaching Rp 11.98 trillion and frequency of 1.57 million times. Most sectors showed positive performance, led by the industrial sector up 3.02 percent, followed by cyclical at 2.02 percent, and infrastructure at 1.42 percent. However, the health sector fell 1.04 percent and technology weakened 0.50 percent.
The Phintraco Sekuritas analysis team noted a positive histogram formation on the MACD indicator, accompanied by potential Golden Cross on Stochastic RSI at the pivot area. "We estimate the IHSG has potential to move in the range of 8.580-8.620 in the second trading session," the team stated in its research.
The three main driving stocks in the LQ45 index were PT Japfa Comfeed Indonesia Tbk (JPFA) up 6.08 percent or 160 points to 2,790, PT Elang Mahkota Teknologi Tbk (EMTK) up 5.37 percent or 65 points to 1,275, and PT Alamtri Minerals Indonesia Tbk (ADMR) up 3.97 percent or 50 points to 1,310.
Relatedly, the rupiah exchange rate strengthened to Rp 16,631 per US dollar at 09:01 WIB, up 0.19 percent from Rp 16,663. This gain was influenced by a 0.18 percent weakening of the US dollar index to 99.28, and 87 percent expectations for a 25 basis point Federal Reserve rate cut. Domestic factors such as the October 2025 trade surplus of US$2.39 billion and November manufacturing PMI at 53.3 also supported it. Observer Ibrahim Assuaibi projects the rupiah to fluctuate but close stronger at Rp 16,630-16,670.
Pre-trading projections from Binaartha Sekuritas analyst indicated potential for IHSG to break 8,700 if holding support at 8.361, with stock recommendations like BRPT, ICBP, and INCO.
