IDX Composite Rebounds 2.25% to 5,030.26 in Jakarta Close
Published on 11/05/2026 at 18:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSIDX Composite Reclaims 5,000
- The IDX Composite closed at 5,030.26 on Thursday, November 5, gaining 2.25% from the previous session.
- All 11 IDX-IC sectors advanced, led by basic materials, industrials and primary consumer goods.
- Analysts attributed the rebound to oversold valuations, improved sentiment toward the rupiah and bonds, and easing global political uncertainty.
- Market commentators cautioned that one strong session does not yet confirm a sustainable recovery.
Jakarta's IDX Composite rebounded above 5,000 on Thursday, November 5, 2026, after a sharp sell-off earlier in the week. The index closed at 5,030.26, up 110.49 points or 2.25% from Wednesday's close of 4,919.77. The session's high was 5,072.05, while the low was 4,995.46, according to Kompas.
Broad-based sector gains
The advance was broad: all 11 IDX-IC sector indices ended higher. Basic materials led with a gain of 3.78%, followed by industrials at 2.81% and primary consumer goods at 2.43%. Financials rose 1.35%, while energy gained 0.38%, the smallest increase among the sectors. Databoks reported that 440 stocks rose, compared with 178 decliners and 99 unchanged stocks. Trading value reached IDR 9.86 trillion on volume of 22.84 billion shares.
Global and domestic catalysts
Market sentiment improved after the US midterm elections, which according to ANTARA reduced some political uncertainty surrounding US markets. The same report cited gains on Wall Street, lower crude oil and dollar prices, and a rebound in gold as positive influences on regional sentiment. Investors were also watching Indonesia's third-quarter economic data.
Kompas reported that Indonesian economic growth reached 5.47% year over year in the third quarter, above the 5.29% recorded in the previous quarter. Trimegah Sekuritas chief economist Fakhrul Fulvian described the market move as a combination of corrected valuations, thin liquidity and improved sentiment toward the rupiah and Indonesian bonds. Large-cap names including BBCA, TLKM, AMMN, BBRI and BMRI were cited among contributors.
Rebound still requires confirmation
The strong daily gain marks a recovery from Wednesday's close but does not by itself establish a lasting trend. Fulvian said a more sustainable improvement would require consistent foreign inflows, rupiah stability, lower government bond yields and progress on market-governance concerns linked to global index providers. For investors, the session points to renewed short-term risk appetite, while the durability of the move remains dependent on liquidity, macroeconomic data and external developments.
Further coverage of the IDX Composite is available in the dedicated topic section.
