Indonesia's IHSG Closes at All-Time High as Precious Metal Prices Strengthen

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January 6, 2026 | 06:38 pm

TEMPO.CO, Jakarta - Indonesia’s Composite Stock Price Index (IHSG) closed at a new all-time high on Tuesday, January 6, 2026, supported by stronger global metal prices and domestic government incentives.

The IHSG rose 74.41 points, or 0.84 percent, to close at 8,933.61 points. The LQ45 index, which tracks 45 leading stocks, gained 5.28 points, or 0.61 percent, finishing at 865.05 points.

“The majority of metal commodity prices continued to strengthen, and some government incentives positively influenced the index movement,” said Ratna Lim, Head of Research at Phintraco Sekuritas, in Jakarta.

Internationally, gold and silver prices strengthened following the United States’ attack on Venezuela, adding further support to the market.

Investors are also closely watching upcoming economic data from Europe and the United States. Germany will release retail sales and labor market figures, while inflation data is expected from the Euro Area. In the US, the ISM Services index and JOLTS Job Openings report will be in focus.

Domestically, government measures to boost consumer spending have also supported market sentiment. Through Minister of Finance Regulation No. 105 of 2025, employees earning below Rp10 million per month in the footwear, textile, apparel, furniture, leather, derivative, and tourism industries are exempt from income tax (PPh) 21 in 2026.

Additionally, Minister of Finance Regulation No. 90 of 2025 stipulates that the government will cover 100 percent of value-added tax (VAT) for houses up to Rp2 billion for landed homes and Rp5 billion for flats throughout 2026. Incentive regulations for the automotive industry are also under review.

The IHSG opened with gains and remained in positive territory throughout the trading day.

Sector performance showed nine sectors posting gains, led by raw materials with a 2.81 percent increase, followed by energy (1.51 percent) and technology (1.28 percent). Meanwhile, two sectors fell: transportation & logistics declined 1.40 percent, and financials edged down 0.12 percent.

Trading activity recorded 4,369,030 transactions, with 67.93 billion shares exchanged, valued at Rp34.16 trillion. A total of 428 stocks advanced, 256 declined, and 127 remained unchanged.

Other Asian markets also closed higher. Japan’s Nikkei rose 685.30 points, or 1.32 percent, to 52,518.10, Hong Kong’s Hang Seng gained 363.20 points, or 1.38 percent, to 26,710.44, Shanghai’s Composite climbed 60.25 points, or 1.50 percent, to 4,083.66, and Singapore’s Straits Times added 59.47 points, or 1.27 percent, to 4,739.97.

Read: Indonesia Eyes Export of 52,900 Tons of Corn This Year

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