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View all search resultsRetail investors upbeat on twin rally of gold, stocks
Domestic investors are driving a stock market rally while riding a global gold price rally, a trend analysts tie to a combination of a weakening dollar and optimism over domestic pro-growth policies.
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People aged between 21 and 30 are the biggest group of investors in Indonesian equities, data from the nation’s stock exchange show. (Shutterstock/File)
D
omestic investors are driving a stock market rally while riding a global gold price rally, a trend analysts tie to a combination of a weakening dollar and optimism over domestic pro-growth policies.
The Indonesia Stock Exchange (IDX) Composite index extended its upward trend on Friday, rising to 8,118 points, or up 0.59 percent from the previous close.
On Sept. 24, the index hit an all-time high at 8,126.5 points with its market capitalization reaching Rp 14.8 quadrillion (US$890.7 billion).
The average daily transaction volume during the week was 47.07 billion shares, up massively from 24.3 billion in September last year.
Those betting on gold would feel vindicated too, with the precious metal changing hands globally at $3,860 per troy ounce on Friday, close to its all-time high touched on Wednesday and marking a surge of nearly 50 percent since the start of the year.
In line with that, the domestic gold price recorded by state-owned diversified mining firm PT Aneka Tambang (Antam) set a new high at Rp 2.23 million per gram on Wednesday, up from Rp 1.54 million at the beginning of 2025.
Analysts have attributed the gold price rally to rising investor and central bank demand for safe-haven assets, fueled by concerns over government debt sustainability and escalating geopolitical tensions.
