IDX Composite Marks Historic Milestone Above 9,000

• IDX Composite surpasses 9,000, securing record close as sustained gains confirm stronger market foundation

• Global rate-cut expectations and infrastructure-led advances support foreign inflows into Indonesian equities

By Emirsyah Kevin Mecca, Attala Sabian Andhika, Maria Ella Risandra Puruhita, Nashwah Putri Az-Zahra

January 16, 2026 at 16:30 GMT+7

The IDX Composite achieved a major milestone on Wednesday (1/14), after closing above 9,000 points, reaching its all-time closing high. Unlike previous rallies that briefly tested higher levels, the index held firmly above the threshold until the close, signaling conviction behind the move rather than short-term volatility.

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The sustained positioning reflected a market that has gradually built strength over recent weeks, supported by consistent gains recorded since the start of the year. Trading behavior during the session suggested that investors were increasingly comfortable operating at higher valuations, indicating a shift in perception toward a stronger market baseline. 

The close above 9,000 represented not only a symbolic breakthrough but also a continuation of a broader upward trend that has defined the market’s performance.

The Jakarta Composite Index (JCI) Breaks 9,000 | Source : iNews Media Group

The rally was supported by improving global sentiment, particularly rising expectations that the US Federal Reserve may begin cutting interest rates in 2026. Prospects of a more accommodative policy stance helped ease global financial conditions, creating a more supportive environment for risk assets and encouraging capital flows into emerging markets, including Indonesia. 

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Domestically, sectoral performance played a meaningful role in lifting the index, with the infrastructure sector posting notable gains and emerging as a key contributor to the advance. Strength was also evident among large-cap and index-heavy stocks, which helped stabilize the rally and broaden market participation. 

This ensured that gains were supported by depth and liquidity, rather than driven by isolated segments of the market.

Indonesia Stock Exchange Building | Source : Angga Nugraha/VOI

Favorable global conditions contributed to reduced investor caution and encouraged equity accumulation even as the index traded at record levels. 

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The market’s ability to sustain a close above 9,000 reinforced confidence in Indonesia’s capital market framework and highlighted the importance of policy support, regulatory coordination, and consistent oversight in maintaining investor participation. 

While the record close reflects strong momentum, the sustainability of the rally will depend on the persistence of sector leadership and the evolution of investor sentiment. Developments in global monetary policy and domestic economic indicators will remain central to determining whether the IDX Composite can extend gains beyond this historic level.

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Sources:

CNBC

KONTAN

TEMPO