IHSG strengthens as rupiah firms and earnings optimism supports market sentiment
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- The IHSG rose 1.96% to 8,290.96, while the LQ45 gained 1.51% as sentiment improved and the rupiah strengthened.
- Energy stocks led sectoral gains, jumping 5.76%, with 10 out of 11 sectors ending higher; financials fell 0.39%.
- Analysts expect the IHSG to test 8,350–8,400, as markets digest China’s softer inflation and await US existing home sales data.
The Indonesia Stock Exchange’s (IDX) Composite Index (IHSG) closed higher on Wednesday (Feb. 11, 2026), extending gains as market participants grew more optimistic about Indonesia’s capital market outlook. The IHSG ended the day up 159.23 points, or 1.96%, at 8,290.96. Meanwhile, the LQ45 index of 45 blue-chip stocks rose 12.50 points, or 1.51%, to 841.94.
“The IHSG’s advance was driven by improving investor sentiment toward Indonesia’s capital market, corporate earnings reports, and technical factors. The rupiah also continued to strengthen against the US dollar,” Phintraco Sekuritas head of research Ratna Lim said in her Wednesday note in Jakarta.
Ratna expects the IHSG to extend its rally and test the 8,350–8,400 range in Thursday’s (Feb. 12, 2026) trade.
From the Asian region, China’s inflation data showed a further slowdown to 0.2% year-on-year (yoy) in January 2026, down from 0.8% (yoy) in December 2025. The figure marked the lowest level since October 2025 and came in below the market estimate of 0.4%.
Globally, investors are watching for the release of the United States’ Existing Home Sales data for January 2026, which is expected to contract 3.40% month-to-month (mtm) to 4.15 million units, following a 5.10% (mtm) increase recorded in December 2025.
“This decline largely reflects normalization after the sharp jump in the previous month, as purchasing power remains constrained by high home prices and transaction activity has yet to fully stabilize,” Ratna said.
The IHSG opened higher and stayed in positive territory through the close of the first trading session.
In the second session, the benchmark index remained in the green until the market closed.
Based on the IDX-IC sectoral indices, 10 sectors advanced, led by the energy sector, which posted the biggest gain at 5.76%, followed by the non-cyclical consumer sector up 5.3% and the industrial sector up 3.62%.
Meanwhile, one sector declined: financials, which slipped 0.39%.
The biggest gainers were PIPA, PADI, TRUE, MINA and RAJA, while the top losers were SPRE, LION, VAST, DEFI and ALKA.
Trading frequency reached 3,404,951 transactions, with 62.06 billion shares changing hands for a total value of Rp 29.80 trillion.
A total of 544 stocks gained, 156 declined, and 122 ended unchanged.
In the region, Asian equity markets mostly strengthened in afternoon trading. Shanghai rose 3.62 points, or 0.09%, to 4,131.97; Hong Kong’s Hang Seng added 83.23 points, or 0.31%, to 27,266.38; and Singapore’s Straits Times climbed 20.33 points, or 0.41%, to 4,984.58.
Japan’s Nikkei was closed for a public holiday marking the country’s National Foundation Day.
Indonesianpost.com | Republika
