JCI Rises 22% in 2025, Highest in a Decade

The Jakarta Composite Index (JCI) or IHSG of the Indonesia Stock Exchange (IDX) closed at 8,646.94 on December 30, 2025.

Consequently, throughout last year, the IHSG had risen by 22.13% (year-to-date/ytd). This increase was the highest in the last decade, as shown in the chart.

In the last 10 years, specifically the 2016-2025 period, the IHSG recorded increases seven times. Declines only occurred three times, namely in 2018, 2020, and 2024.

Meanwhile, Finance Minister Purbaya Yudhi Sadewa is optimistic that the IHSG can break through the 10,000 level by the end of 2026.

He believes that, fundamentally, the IHSG in 2025 should have been at a higher level, but was held back by policy dynamics and market sentiment.

"10,000 [for the IHSG] next year? More than that. Even higher, if it's next year," Purbaya said, as reported by Katadata.co.id on Thursday (January 8, 2026).

Positive sentiment in the domestic capital market indeed appears to be continuing at the beginning of this year.

On Wednesday's trading (January 7, 2026), the IHSG closed at 8,944.81, a new record high. Consequently, in the first five trading days of 2026, the IHSG has risen by 3.14% (ytd).