ASIATODAY.ID, JAKARTA — Indonesia’s stock market rallied strongly on Thursday, October 23, 2025, with the Jakarta Composite Index (JCI) climbing 1.29% to 8,258.34, driven by a wave of foreign investor buying, particularly in Danantara Group’s flagship companies.
According to data from the Indonesia Stock Exchange (IDX) released by Stockbit Sekuritas, foreign investors recorded total purchases of IDR 3.07 trillion (≈ USD 187 million) and sales of IDR 2.72 trillion (≈ USD 166 million). This resulted in a net foreign buy of IDR 344 billion (≈ USD 21 million) during the first trading session.
Danantara Stocks in High Demand
Two major subsidiaries of Danantara Indonesia Group—PT Telkom Indonesia (Persero) Tbk (TLKM) and PT Perusahaan Gas Negara Tbk (PGAS)—were among the Top 5 Net Foreign Buy list.
TLKM: 44.59 million shares purchased
PGAS: 42.64 million shares purchased
Both stocks trailed slightly behind PT MNC Tourism Indonesia Tbk (KPIG), which topped the list with 44.63 million shares bought by foreign investors.
Other stocks drawing strong interest included PT Darma Henwa Tbk (DEWA) and PT Buana Lintas Lautan Tbk (BULL), with 41.63 million and 31.66 million shares purchased, respectively.
Top 5 Net Foreign Buy & Sell (Session I, October 23, 2025)
Top 5 Net Foreign Buy
1. KPIG – 44.63 million shares
2. TLKM – 44.59 million shares
3. PGAS – 42.64 million shares
4. DEWA – 41.63 million shares
5. BULL – 31.66 million shares
Top 5 Net Foreign Sell
1. BUMI – 119.29 million shares
2. BRMS – 39.74 million shares
3. SCMA – 24.90 million shares
4. ASLC – 20.62 million shares
5. BWPT – 17.77 million shares
Total Market Transactions Reach USD 662 Million
Total stock market transactions during the first session reached IDR 10.83 trillion (≈ USD 662 million), involving 15.72 billion shares traded.
A total of 418 stocks advanced, 238 declined, and 152 remained unchanged.
Market analysts noted that today’s rally reflected growing optimism among global investors toward Indonesia’s economic fundamentals, particularly in telecommunications and energy, two key sectors dominated by Danantara Group.
The continued interest from foreign funds signals rising confidence in Indonesia’s state-linked enterprises and sustainable growth prospects amid global market uncertainty. (AT Network)
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