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# IHSG Rises 0.46% on Nov 9, 2026 as Asian Markets Gain
- URL: https://bullquill.com/indonesia-stocks-daily-brief-2026-11-09/
- Published: 2026-11-09T09:34:16.000Z
- Updated: 2026-11-09T09:34:16.000Z
- Description: Jakarta's main index posted a fourth straight gain on Monday, led by BBCA, TLKM and ASII, while foreign investors bought in the first session. The rupiah edged up to 18,085 per dollar.
- Author: Rowan Ashby
- Tags: Markets, Daily Brief, Indonesia, Indonesia Stock Exchange, Rupiah, Bank Indonesia, MSCI, #lang-en, #tr-indonesia-stocks-daily-brief-2026-11-09

## Key takeaways

- The Jakarta Composite Index (IHSG) rose 23.34 points, or 0.46%, to 5,073.77 at the close (09:00 UTC) on Monday, November 9, 2026, according to CNBC Indonesia, Kumparan and Yahoo Finance data.
- It was the index's fourth straight daily gain, based on Yahoo Finance closing data since November 3, 2026\. The IHSG traded between 5,027.96 and 5,105.83 during the session.
- The LQ45 index rose 4.11 points, or 0.79%, to 522.39, Kumparan reported, matching Yahoo Finance data.
- Foreign investors were net buyers of Rp104.08 billion in the first session, led by Bank Central Asia (BBCA) at Rp396.06 billion, Katadata reported, citing exchange data.
- The rupiah strengthened 0.02% to 18,085 per US dollar in the spot market, and Bank Indonesia's JISDOR reference rate firmed to 18,103 from 18,130, Antara reported.

## Session recap

The IHSG extended its recovery on Monday, November 9, 2026, after touching 4,824 during the week to November 6, 2026, which Investortrust described as its lowest level in more than six years. For the regional picture, see [Asian and global market closes](https://bullquill.com/markets/). Friday's session is covered in our [IHSG brief for November 6, 2026](https://bullquill.com/indonesia-stocks-daily-brief-2026-11-06/), and the November 3, 2026 slide in [IHSG falls 3.78% below 5,000 to a 52-week low](https://bullquill.com/ihsg-falls-below-5000-52-week-low/).

The index opened slightly higher at 5,082.17\. CNBC Indonesia said it faced early selling pressure before rising sharply after about 10:00 Jakarta time (03:00 UTC). By the end of the first session it was up 41.32 points, or 0.82%, Katadata and Kompas reported, and Kompas put the session's range at 5,027.96 to 5,105.83, the same as the full-day low and high in Yahoo Finance data. In the second session the index drifted lower and gave back part of its gain, CNBC Indonesia said, before closing at 5,073.77.

| Instrument                       | Close/Level | Change | % change | As of (UTC)      | Source                                  |
| -------------------------------- | ----------- | ------ | -------- | ---------------- | --------------------------------------- |
| Jakarta Composite Index (IHSG)   | 5,073.77    | +23.34 | +0.46%   | 2026-11-09 09:00 | CNBC Indonesia; Kumparan; Yahoo Finance |
| LQ45                             | 522.39      | +4.11  | +0.79%   | 2026-11-09 09:00 | Kumparan; Yahoo Finance                 |
| USD/IDR spot (rupiah per dollar) | 18,085.00   | −4.00  | −0.02%   | 2026-11-09 08:00 | Antara; IDN Times                       |
| Bank Indonesia JISDOR (USD/IDR)  | 18,103.00   | −27.00 | −0.15%   | 2026-11-09 03:00 | Antara                                  |

Changes are calculated from the previous closes on November 6, 2026: IHSG 5,050.43, LQ45 518.28, spot rupiah 18,089 and JISDOR 18,130\. A lower USD/IDR number means a stronger rupiah. Okezone counted 391 gainers, 279 decliners and 293 unchanged stocks at the close. Turnover figures differed by outlet: Rp8.07 trillion (CNBC Indonesia), Rp9.06 trillion (Kumparan, citing Stockbit), Rp9.1 trillion (Okezone) and Rp7.65 trillion (Investortrust), so turnover is not shown in the table. BBCA was the most-traded stock by value at Rp1.48 trillion, Kumparan reported.

## What drove it

### Regional markets and AI stocks

Kumparan attributed the gain to positive sentiment from regional bourses, and Investortrust said the rise came as nearly all Asian stock markets advanced and the rupiah strengthened. Kompas linked the first-session gains to easing selling pressure on artificial intelligence (AI)-related stocks, which it said also lifted major Asian markets. Japan's Nikkei 225 closed 2.33% higher at 58,775.50 on November 9, 2026, up from 57,434.77 on November 6, 2026, according to Yahoo Finance data.

### Blue chips carried the index

BBCA, Telkom Indonesia (TLKM), Astra International (ASII), Perusahaan Gas Negara (PGAS) and Bank Mandiri (BMRI) contributed most to the index gain, CNBC Indonesia reported. Kompas said TLKM was up 4%, BBCA 2.9% and ASII 2.5% at the midday break. On the other side, Sinar Mas Multiartha (SMMA), Barito Pacific (BRPT), CASA, Bumi Resources Minerals (BRMS) and Sumber Alfaria Trijaya (AMRT) weighed most, according to CNBC Indonesia.

### Energy led the sectors

Energy was the best-performing sector, up 1.89%, followed by primary consumer goods (+1.14%) and industrials (+0.63%), Investortrust reported. Technology fell 1.08%, basic materials 0.75% and financials 0.07%, according to the same outlet; Okezone also listed energy among gainers and technology and financials among decliners. CNBC Indonesia's sector table differed, showing technology up 1.91%, so sector figures should be read with care. In the first session, Katadata said energy gains were led by PGAS, up 3.5% to Rp1,480, and Indo Tambangraya Megah (ITMG), up 2.15% to Rp25,000.

### Foreign buying

Foreign investors recorded net buying of Rp104.08 billion in the first session, Katadata reported, citing Indonesia Stock Exchange trading data. BBCA drew the largest foreign net buying at Rp396.06 billion, followed by ASII at Rp64.03 billion and DSSA at Rp13.87 billion. A full-day foreign flow figure for Monday had not been published by a source we could open when this brief was written.

### Rupiah and reserves

The rupiah reversed early weakness as most Asian currencies strengthened, IDN Times reported, adding that first-session foreign buying in stocks and a stronger-than-expected consumer confidence reading also supported it. Ibrahim Assuaibi, director of PT Traze Andalan Futures, told Antara the currency was helped by higher foreign exchange reserves, which Bank Indonesia put at US$146.8 billion at the end of October 2026, up from US$146.3 billion at the end of September 2026\. He added that reserves are not the only driver of the exchange rate, citing capital flows, fiscal conditions, the trade balance and US dollar moves.

## Political & policy watch

- **Consumer confidence.** Bank Indonesia's Consumer Confidence Index rose to 119.9 in October 2026 from 118.1 in September 2026, Investor Daily and IDX Channel reported. The current economic conditions index rose to 109.1 from 107.5 and the expectations index to 130.7 from 128.7.
- **US rates.** Antara reported that US employers added 165,000 jobs in October 2026, against a forecast of 65,000, and Assuaibi said the data strengthened the case for a US rate hike in December 2026\. CNBC Indonesia said strong labour data and energy price increases had raised expectations of a Federal Reserve hike.
- **MSCI review.** Jakarta Globe reported on November 3, 2026 that investors were positioning ahead of MSCI's index review scheduled for November 11-12, 2026\. Background is in our explainer on [Indonesia's capital flows and the MSCI standalone risk](https://bullquill.com/indonesia-capital-flows-msci-standalone-oct-2026/).
- **Geopolitics.** CNBC Indonesia listed ongoing geopolitical uncertainty and global interest rate policy among the factors investors were following this week.

## What to watch next

| Date                   | Event                                                           | Why it matters                                                                                       |
| ---------------------- | --------------------------------------------------------------- | ---------------------------------------------------------------------------------------------------- |
| Week of Nov 9-13, 2026 | US inflation data                                               | CNBC Indonesia said global sentiment this week will centre on US inflation and Fed rate expectations |
| Week of Nov 9-13, 2026 | China inflation, trade and vehicle sales; Japan producer prices | Listed by CNBC Indonesia among this week's regional data                                             |
| Week of Nov 9-13, 2026 | Bank Indonesia retail sales survey for September 2026           | Domestic consumption signal, according to CNBC Indonesia's calendar                                  |
| Nov 11-12, 2026        | MSCI index review                                               | Could change Indonesian constituents and weights, affecting passive foreign flows (Jakarta Globe)    |

## Risk checklist for readers

- **First session versus close:** The IHSG was up 0.82% at midday on Monday and closed up 0.46%. Intraday gains can fade, so check the closing level.
- **Partial flow data:** Foreign flow figures published at midday cover only the first session and can change by the close.
- **Provider differences:** Turnover and sector figures differed between outlets on Monday. The exchange and Bank Indonesia publish the official numbers.
- **Index rebalancing:** Scheduled index reviews such as MSCI's can trigger large passive flows around the effective date.
- **Overseas rates:** US inflation data and Fed expectations can move the dollar, Asian currencies and foreign appetite for emerging-market stocks.
- **Currency risk:** For foreign investors, returns depend on both share prices and the rupiah, which closed at 18,085 per dollar on November 9, 2026.

## Frequently asked questions

### Why did the IHSG rise on November 9, 2026?

The IHSG rose 0.46% to 5,073.77 on November 9, 2026\. Kumparan attributed the gain to positive sentiment from regional bourses, and Investortrust cited gains in nearly all Asian markets and a stronger rupiah. Kompas linked first-session gains to easing selling pressure on AI-related stocks. BBCA, TLKM, ASII, PGAS and BMRI contributed most, CNBC Indonesia reported, and foreign investors were net buyers of Rp104.08 billion in the first session, according to Katadata.

### What is the difference between the IHSG and the LQ45?

The IHSG, or Jakarta Composite Index, tracks the broad Indonesian market listed on the Indonesia Stock Exchange. The LQ45 covers 45 large and liquid stocks. On November 9, 2026, the LQ45 rose 0.79%, more than the IHSG's 0.46%, as large caps such as BBCA, TLKM and ASII led the market.

### What is the JISDOR rate?

JISDOR (Jakarta Interbank Spot Dollar Rate) is Bank Indonesia's daily reference exchange rate for the US dollar against the rupiah. It is published once a day and can differ from the spot rate at the market close. On November 9, 2026, JISDOR was 18,103, according to Antara, while the spot rupiah closed at 18,085 per dollar.

This article is for information only and is not investment advice.