Research

IHSG: Thank You “Bandar Besar” for 2024

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Algo Research Team


The content provided here is for informational purpose only. It is not an advise or recommendation. Please do your own research.
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Key Summary:


  • IHSG is driven by conglomerate stocks this year
  • 2024 net foreign flow is slowing but still positive
  • Watch stimulus and commodity in 2025

The Indonesian stock market is set to close the year on a positive note, with IHSG currently up +4% this month, in line with December seasonality, and +1.3% for 2024.


Back in November, we successfully called buy the dip (read here) around 7,000 as we identified an opportunity amidst market's overwhelming bearishness, which we believed was overdone.


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