Record Gains in the Stock Market: NIRO Leads the Way!
The Indonesian stock market closed the third week of October 2025 with an impressive surge. The Jakarta Composite Index (IHSG) climbed by 4.50% to 8,271.722, surpassing last week’s position of 7,915.656. This week’s rise also buoyed market capitalization by 3.31% to Rp15,234 trillion from Rp14,746 trillion the previous week. However, despite the rise in IHSG and market capitalization, trading activity slowed. The average daily transaction frequency fell by 12.91% to 2.36 million trades, while the average daily transaction value decreased by 18.85% to Rp22.28 trillion. Among individual stocks, PT City Retail Developments Tbk (NIRO) stole the spotlight with a 128.33% leap to Rp274 per share, making it the top earner for the period from October 20 to 24, 2025. It was followed by PT Jaya Sukses Makmur Sentosa Tbk (RISE), which increased by 106.56% to Rp12,600, and PT Buana Lintas Lautan Tbk (BULL), which rose by 76.17% to Rp340 per share.
