Indonesia's 2026 RAPBN Deficit Widens, IDX Composite Closes Lower (Thursday, September 18, 2025)

The House of Representatives (DPR) and the Indonesian government agreed on a revision of the 2026 Draft State Budget (RAPBN) structure on Thursday (18/9/2025).

Previously, the 2026 RAPBN was targeted to have a deficit of Rp638.8 trillion, equivalent to 2.48% of the Gross Domestic Product (GDP).

After the revision, the target deficit increased to Rp689.1 trillion, equivalent to 2.68% of GDP.

Following this revision announcement, the IDX Composite (IHSG) weakened by 0.21% to 8,008.43 at the close of trading on Thursday (18/9/2025).

"The IHSG weakened after the adjustment of the wider RAPBN 2026 deficit," said the research team of Pilarmas Investindo Sekuritas, as quoted by Antara.

Based on the IDX-IC Sectoral Index, 6 stock sectors closed higher today. The technology sector led with an increase of 4.26%. This was followed by the transportation and logistics sector, which rose by 1.28%, and the energy sector, which strengthened by 0.77%.

On the other hand, 5 stock sectors closed lower. The financial sector fell the most, by 0.84%. This was followed by the property sector and the primary consumer goods sector, which weakened by 0.66% and 0.53%, respectively.

According to RTI Business data, 261 stocks closed higher today, 410 stocks weakened, and 131 stocks were stagnant.

The frequency of domestic stock trading today reached 2.39 million transactions. A total of 42.46 billion shares changed hands with a total transaction value of Rp21.9 trillion.

Today's top gainer was GTRA, which strengthened by 34.51%. This was followed by BUVA, which rose by 24.86%, and FISH, which strengthened by 24.64%.

Meanwhile, OKAS became the top loser after plunging 14.67%, followed by AKPI and ITMA, which weakened by 14.60% and 12.73%, respectively.

Asian markets were also generally sluggish today. The Hang Seng Index fell 1.35% to 26,544.85; the Shanghai Index weakened 1.15% to 3,831.66; the Straits Times Index weakened 0.26% to 4,312.62; while the Nikkei Index rose 1.15% to 45,303.43.