The Composite Stock Price Index (IHSG) opened up 0.13 percent or 10 points at 8,656 on Tuesday, December 23, 2025. Phintraco Sekuritas predicts strengthening towards 8,700, while Binaartha Sekuritas analysts forecast a continuation of the correction trend with rebound potential.
On the opening of trading at the Indonesia Stock Exchange (BEI) on Tuesday, December 23, 2025, the IHSG rose 10 points or 0.13 percent to 8,656. The previous close on Monday, December 22, 2025, was at 8,645.84, up 0.42 percent or 36.29 points, though some reports mentioned a 0.42 percent correction—likely a data discrepancy.
Phintraco Sekuritas' research team predicts the IHSG could strengthen to test levels of 8,680-8,700 today. "Phintraco Sekuritas predicts the IHSG will strengthen towards 8,700 in today's trading," they stated in their daily research. Supporting factors include the Stochastic RSI in oversold territory and increasing buy volume, although the IHSG closed below MA5 but above MA20. The expected range is resistance at 8,700, pivot at 8,600, and support at 8,550.
The rupiah weakened, closing at Rp16,777 per US dollar, influenced by the strengthening dollar index due to US-Venezuela tensions that boosted oil and gold prices. Indonesia's M2 Money Supply growth in November 2025 reached 8.3 percent year-on-year, up from 7.7 percent in October.
In contrast, Binaartha Sekuritas analyst Ivan Rosanova projects a continuation of the correction trend from last week, with limited movement below the minor resistance of 8,657. "Thus, today the IHSG remains potential for continued correction that has occurred since last week," Ivan said. However, a breakout above 8,657 could trigger a rebound to 8,742. Support levels: 8,493, 8,424, 8,361, 8,255; resistances: 8,657, 8,742, 8,877, 8,941.
China's central bank (PBOC) maintained interest rates at 3 percent (1-year) and 3.5 percent (5-year) in December 2025, signaling less urgency for monetary stimulus. Asian markets surged, driven by the rebound in AI stocks on Wall Street.
Ivan recommends stocks such as MDKA (buy 1,900-1,950, target 2,390), SMGR (buy 2,500-2,600, target 2,900), and UNVR (buy 2,650-2,700, target 2,930).
