Jakarta. The Indonesian Stock Exchange (IDX) notched a new record high on Thursday as the benchmark index climbed 28.41 points, or 0.33 percent, to 8,640.20, driven by strong gains in industrial and infrastructure stocks.

Total market transactions reached Rp 20.93 trillion, or $1.3 billion, with 378 stocks rising, 319 declining, and 259 unchanged. Trading volume stood at 49.75 billion shares across 2.75 million transactions.

The industrial sector was the strongest performer, rising 4.78 percent, followed by infrastructure, which grew 1.84 percent. Other gaining sectors included healthcare, primary consumer goods, transportation, energy, and property.

The basic materials sector recorded the steepest decline at 0.66 percent, followed by financials and non-primary consumer goods.

OECD Outlook Strengthens Sentiment
Research firm Pilarmas Investindo Sekuritas said investor confidence was lifted by the Organisation for Economic Co-operation and Development (OECD), which projected Indonesia’s economic growth at 5 percent in 2025 and 2026, and 5.1 percent in 2027.

According to Pilarmas, the OECD highlighted stable economic momentum supported by strong domestic consumption and resilient exports.

Markets also responded to weaker US labor data, which increased expectations that the Federal Reserve may cut its benchmark interest rate next week. Recent figures showed a sharp drop in new employment from 47,000 to 32,000, suggesting a cooling labor market and stronger case for monetary easing.

Small-Cap Stocks Skyrocket
Five small-cap stocks posted substantial single-day rallies, soaring around 34 percent or more. The top gainers included Indopoly Swakarsa Industry (IPOL), Surya Permata Andalan (NATO), Triniti Dinamik (TRUE), Teknologi Karya Digital Nusa (TRON), and Wulandari Bangun Laksana (BSBK).

Meanwhile, several stocks tumbled, with Satria Mega Kencana (SOTS) posting the deepest fall, followed by Martina Berto (MBTO), Megapower Makmur (MPOW), Citra Tubindo (CTBN), and Paramita Bangun Sarana (PBSA).

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