ASIATODAY.ID, JAKARTA — Indonesia’s capital market closed the trading week of December 8–12, 2025 on a historic high, as the Jakarta Composite Index (JCI/IHSG) and market capitalization of the Indonesia Stock Exchange (IDX) shattered all-time records amid a surge in IPOs, sustainability-linked bonds, and soaring trading activity.
Trading on Monday, December 8, 2025 officially opened with the initial public offering of PT Abadi Lestari Indonesia Tbk (RLCO) on the IDX Development Board. RLCO became the 25th listed company on the IDX in 2025, raising IDR 105 billion (approximately USD 6.65 million).
The company operates in edible bird’s nest processing and cleaning, as well as the trading of health-related products through its subsidiaries—sectors gaining traction amid rising global demand for wellness products.
Trillion-Rupiah Bonds and Sukuk Boost Market Depth
On Wednesday, December 10, 2025, the IDX listed:
Sustainable Bond I of Merdeka Battery Materials Phase III 2025 worth IDR 2.10 trillion (around USD 133 million)
Sustainable Mudharabah Sukuk I Phase III 2025 worth IDR 1 trillion (around USD 63.3 million)
Both instruments received idA and idA(sy) ratings from PEFINDO, with Bank Rakyat Indonesia (Persero) Tbk acting as trustee.
Momentum continued on Thursday December 11, 2025 with:
Sustainability-Linked Bond I 2025 of PT Pollux Hotels Group Tbk (POLI) worth IDR 500 billion (approximately USD 31.6 million), rated idAAA(cg)
Sustainable Bonds and Mudharabah Sukuk of Lontar Papyrus Pulp & Paper Industry, each valued at IDR 500 billion (around USD 31.6 million), rated idA and idA(sy)
These listings highlight the growing role of sustainable finance instruments in Indonesia’s capital market.
2025 Issuance Hits Massive Scale
As of 2025, the IDX has recorded:
173 bond and sukuk issuances from 79 issuers, totaling IDR 204.55 trillion (approximately USD 12.95 billion)
A cumulative 660 listed debt instruments, with outstanding value of IDR 540.21 trillion (around USD 34.2 billion) plus USD 134.01 million
191 series of Government Securities (SBN) worth IDR 6,423.84 trillion (about USD 406.6 billion) and USD 352.10 million
Seven Asset-Backed Securities (ABS) worth IDR 2.13 trillion (around USD 135 million)
JCI Hits Record High, IDX Market Cap Breaks USD 1 Trillion
At the start of the week, the Jakarta Composite Index surged to a record high of 8,710.695, while IDX market capitalization soared to IDR 16,004 trillion—equivalent to approximately USD 1.01 trillion.
Weekly trading performance showed strong momentum:
Average daily trading value jumped 41.95% to IDR 30.29 trillion (about USD 1.92 billion)
Average daily trading volume rose 27.92% to 59.35 billion shares
Average daily transaction frequency increased 20.16% to 3.2 million trades
Over the week, the JCI gained 0.32%, closing at 8,660.499, while market capitalization increased 0.24% to IDR 15,882 trillion (around USD 1.01 trillion).
Foreign Investors Remain Selective
On the latest trading day, foreign investors recorded net purchases of IDR 282.27 billion (approximately USD 17.9 million).
However, on a year-to-date basis in 2025, foreign investors still posted net sales of IDR 25.67 trillion (around USD 1.62 billion), reflecting cautious positioning amid global market volatility.
Supporting Creative Economy IPOs
Beyond trading activity, the IDX—together with Indonesia’s Ministry of Tourism and Creative Economy—held the KreatIPO Go Public Workshop in Bandung on Wednesday, December 10, 2025.
The initiative aims to expand inclusive access to capital markets and encourage creative economy companies to leverage IPOs as a sustainable growth engine for Indonesia’s economy. (ATN)
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