The Composite Stock Price Index (IHSG) opened up 0.62 percent at 8,991.75 on Monday (January 12, 2026), fueled by foreign capital inflows and positive global sentiment. This strength continues last week's bullish trend, where IHSG hit an all-time high of 9,002.92. Analysts forecast consolidation in the 8,860-9,000 range this week.
On the opening of trading at the Indonesia Stock Exchange (BEI) on Monday (January 12, 2026), the IHSG rose 55 points or 0.62 percent to 8,991.75, nearly touching the psychological 9,000 level. The LQ45 index also strengthened 0.52 percent to 872.53. This gain was supported by net foreign investor purchases of Rp 1.6 trillion in the regular market, according to BEI data. Bank Indonesia recorded a net buy flow of Rp 1.44 trillion in the first week of January 2026.
The previous week, IHSG closed up 0.13 percent at 8,936 and hit an all-time high (ATH) of 9,002.92. Driving factors included the January Effect, where investment managers allocate early-year funds to stocks. Global sentiment also played a role, such as the hawkish stance of the Bank of Japan and rising commodity prices like copper hitting records due to AI and electric vehicle demand.
"The market is awaiting whether Indonesia's trade surplus will continue amid global commodity price fluctuations. Strong surplus figures will bolster the rupiah exchange rate and maintain foreign investor interest," said Equity Analyst at PT Indo Premier Sekuritas David Kurniawan.
Weak US jobs data (50,000 nonfarm payrolls in December 2025, below the 73,000 estimate) with unemployment dropping to 4.4 percent added expectations for Federal Reserve rate cuts. Asian markets were mostly up this morning, with Nikkei rising 1.61 percent to 51,939.89.
Phintraco Sekuritas Research Head Ratna Lim predicts, "IHSG is expected to consolidate in the 8,860-9,000 range this week, as long as it does not close above 9,000." Meanwhile, BNI Sekuritas Head of Retail Research Fanny Suherman noted potential for further gains if it holds the 8,900 support. Binaartha Sekuritas analyst Ivan Rosanova added that momentum turns positive above 8,995, recommending stocks like ANTM and ASII.
David Kurniawan views the bullish trend continuing until January 15, advising investors to watch the property sector.
