November 3, 2025 | 08:30 pm
TEMPO.CO, Jakarta - Indonesia Composite Index (IHSG) closed up 1.36 percent to 8,275 at the end of trading on Monday, November 3, 2025. Chair of the Financial Services Authority (OJK) Board of Commissioners, Mahendra Siregar, stated that the stock price index has strengthened several times to the highest level since the beginning of the year.
Today's closing level of the IHSG is a new record high. "As an update, this afternoon IHSG closed at a level of 8,275, which is the highest closing level or all-time high (ATH)," he said in a press conference following the periodic meeting of the Financial System Stability Committee (KSSK) at the Bank Indonesia office, Jakarta, November 3, 2025.
The domestic stock market, he said, has shown positive performance since the third quarter of 2025. Particularly supported by positive domestic and global sentiment. The IHSG increased by 16.36 percent compared to the previous quarter, closing at 8,061 on September 30, 2025.
Entering the beginning of the fourth quarter, Mahendra stated that the IHSG has strengthened and set several ATH positions. The index closed at 8,163 as of October 31, 2025, marking a 15.31 percent increase compared to the beginning of the year or year to date.
Equity Analyst at PT Indo Premier Sekuritas (IPOT), Imam Gunadi, predicts that the IHSG will fluctuate this week following the release of key domestic economic data, including third-quarter 2025 economic growth, PMI manufacturing data, and October inflation.
He said that technically, the level of 8,354 becomes the upper limit for the optimistic IHSG scenario. "Assuming that the release of economic growth and inflation data can show fairly good fundamental stability and maintain positive investor perceptions of the national economic resilience," Imam said in a written statement.
On the other hand, for the worst-case scenario, IHSG is estimated to be in the range of 7,959. Especially if economic growth data indicates a deeper slowdown than the market's expectations, or if external pressures rise again. For example, it could come from global monetary policy or commodity market volatility.
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