Daily Market Performance 🚀
Table of Contents
- Daily Market Performance 🚀
- 👋 Stockbitor!
- Indonesia Eyes Expanded Central Bank Goal, Grounds for Dismissal
- 🪙 Gold Set IPO Price RP2.880/stock
- Indonesian Market updates: Aluminum Smelter, Bumi Resources Share Sale, and Telkom Indonesia Leadership Changes
- Indonesia Economic & Political Update – September 18, 2025
- Indonesia Secures CEPA with the European Union,Techno9 Experiences Ownership Change
Here’s a quick snapshot of today’s market activity:
| IHSG | Foreign Flow | USD / ID Courses | Gold |
|---|---|---|---|
| !IHSG IHSG | !Foreign Flow Foreign Flow | !USD/IDR USD / ID Courses | !Gold Gold |
| -0.23% | Rp 188.11B | Rp 15,643 | $2,324.90 |
| 7,033.69 |
Disclaimer: Market data is dynamic and subject to change. This data is for general knowledge and informational purposes only, and does not constitute investment advice.
👋 Stockbitor!
Bank Indonesia on Wednesday (17/9) cut the BI rate rate of 25 bps to the level of 4.75%, Beyond expectations Consensus that estimates it does not change. Lending facility also trimmed 25 bps to 5.5%, while deposit facility Trimmed 50 bps to 3.75%. With this decision,the BI Rate has dropped 125 bps as the beginning of 2025.
Bank Indonesia Go
Indonesia Eyes Expanded Central Bank Goal, Grounds for Dismissal
Jakarta, Indonesia – Bank Indonesia (BI) recently implemented a 25 basis point reduction of the BI Rate to 5.75%, marking the second cut in as many months. This move, coupled with a more considerable reduction in the deposit facility rate, signals a strong commitment to bolstering economic growth, even as concerns arise regarding the central bank’s mandate and potential repercussions for leadership. The decision follows the government’s announcement of the 32nd stimulus package in 2025 and a liquidity injection policy directed towards state-owned banks (Himbara).
The Jakarta Composite Index (JCI) responded positively to the rate cut, surging +0.85% to a record high of 8,025 points on Wednesday (September 17th). Simultaneously, the yield on 10-year government bonds decreased by -5 basis points, and the rupiah experienced a modest gratitude of +0.06% against the US dollar.
This aggressive monetary easing, however, is not without its critics. A recent report by Bloomberg highlights growing anxieties surrounding the potential expansion of BI’s mandate beyond price stability. This concern was again highlighted after Bank Indonesia and the government signed the agreement burden sharing New.
Key Takeaway
We consider that Bank Indonesia’s decision to re-cut interest rates reinforce priority signals on the restoration of economic growth after the announcement of the 32nd stimulus package in 2025 and liquidity injection policy to Himbara from the government. We also highlight pruning deposit facility which is greater than the BI rate. Deposit facility rate itself is a interest rate overnight paid by Bank Indonesia for the placement of surplus funds from commercial banks, where this interest rate will effect the loan interest rate overnight between -Bank (interbank loans). We consider pruning deposit facility rate which is greater than pruning the BI Rate is expected to increase incentives for commercial banks to channel surplus funds as credit compared to placing funds on other banks/Bank Indonesia. This initiative was taken by considering the transmission of BI rate rates that were still slow, where Bank Indonesia noted that credit interest rates and deposit interest rates (1 month) of banking were only down -7 bps and -16 bps from the beginning of the year until August 2025.
🪙 Gold Set IPO Price RP2.880/stock
* Gold, a prominent local jewelry company, has established its initial public offering (IPO) price at RP2,880 per share.
Aluminum Smelter progress: An aluminum smelter, constructed by PT Kalimantan Aluminum Industry (a subsidiary of the company), is slated to begin phased operations in the fourth quarter of 2025. it will initially produce 500,000 tons of aluminum ingot annually, with plans for a gradual increase to 1.5 million tons per year.
Bumi Resources Share Sale: UBS Group AG announced the sale of approximately 105 million shares of Bumi resources on September 11,2025,at roughly 108 rupiah per share,totaling around 11 billion rupiah. This transaction reduced UBS group AG’s ownership in Bumi Resources from 7.02% to 6.99%. UBS stated the sale was for client derivative hedging activities.
Telkom Indonesia Leadership Restructuring: Shareholders of Telkom Indonesia approved amendments to the company’s board of directors and commissioners on Tuesday, September 16th. The position of Deputy President Director, formerly held by Muhammad Awaluddin, has been eliminated. A new position, Director of Legal and Compliance, has been created and will be filled by Andy Kelana. Additionally, a commissioner position previously held by ismail was removed, and Ira Noviarti, former President Director of Unilever Indonesia, was appointed as an independent commissioner.
## Stockbit Market Recap: monday, May 20, 2024
 $ BBRI |
 $ TLKM |
 $ GOTO |
 $ Art |
| +12,64% | +7,16% | +6,90% | Indonesia Economic & Political Update – September 18, 2025
Here’s a snapshot of recent economic and political developments in Indonesia: Banking Credit Growth Slows: Banking credit growth reached +7.56% year-on-year as of August 25th, a slight increase from +7.03% in July but lower than the +11.4% recorded in August 2024. This falls short of Bank indonesia’s downgraded 2025 target range of +8-11%. Investment loans continue to lead growth at +13.86% year-on-year, followed by consumption loans at +7.89% and working capital loans at +3.53%. Third-party funds grew +8.51% year-on-year, resulting in a Loan-to-Deposit Ratio of 86.03%. Cabinet Reshuffle: President Prabowo Subianto conducted another reshuffle of the Red and White Cabinet on Wednesday (September 17th). Notably, Erick Thohir was moved from the position of Minister of BUMN to become the Minister of Youth and Sports, with Djamari Chaniago appointed as Coordinating Minister for Political and Security. A replacement for the Minister of BUMN position has not yet been named. Expansion of Nutrition Program: The National Nutrition Agency announced on Tuesday (September 16th) plans to expand the free nutritious eating program to include teachers and Posyandu volunteers, currently limited to children, pregnant women, and nursing mothers. Indonesia Secures CEPA with the European Union,Techno9 Experiences Ownership ChangeJakarta,Indonesia – 2025/09/17 15:59:06 – Indonesia celebrated a significant milestone today with the signing of the Comprehensive Economic Partnership Agreement (CEPA) with the European Union. This landmark deal, finalized after years of negotiation, promises to boost trade and investment between the two economic powerhouses. The agreement encompasses a wide range of sectors, including agriculture, manufacturing, and services, and aims to reduce tariffs and non-tariff barriers. The Indonesian government anticipates CEPA will significantly increase exports to the EU, particularly in key sectors like textiles, automotive components, and processed foods. Increased foreign investment is also expected, fostering economic growth and job creation within Indonesia. However, some domestic industries express concerns about increased competition from European companies. The government acknowledges these obstacles and hopes the European union can expedite the ratification process following the signing, allowing the agreement to take effect by the end of 2026 or 2027. 🛒 From consumers a product to an investor: what is the plus minus?Techno9 indonesia ($NINE) announced that POH Holdings PTE. ltd. acquired approximately 773.4 million (~35.85%) Nine shares from the company’s controller, Heddy Kandou. Of these, approximately 413.3 million (~19.16%) shares were purchased at a price of approximately 12.2 rupiah per share, lower than the initial sale agreement of 19 rupiah per sheet, due to certain debts and obligations assumed by the Company.Following completion of this transaction,Poh Holdings Pte. Ltd. will become the new controller of Nine and will carry out a compulsory tender offer.
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