Indonesia’s IHSG Surges 2.66% Amid VP Gibran’s Resignation News

JAKARTA, JakartaWeekly.com—Indonesia’s benchmark stock index, the Jakarta Composite Index (IHSG), closed 2.66% higher on Thursday, November 12, 2026, as Vice President Gibran Rakabuming Raka formally submitted his resignation letter.

According to RTI Business data, the IHSG closed at 5,250.90, up 135.87 points from Wednesday’s closing level of 5,115.03 on November 11, 2026. The closing level was also higher than the opening level of 5,119.

During Thursday’s trading session, the IHSG reached an intraday high of 5,250.90, while its lowest level stood at 5,114.80.

The index’s gains were supported by advances in most stocks, with 496 stocks ending the session higher. Meanwhile, 115 stocks declined, while another 105 remained unchanged.

The Indonesia Stock Exchange’s (IDX) total market capitalization stood at approximately Rp8,968.159 trillion, equivalent to US$536 billion. According to IDX data, trading volume reached 40.496 billion shares, with a total of 1,490,769 transactions recorded.

The total value of shares traded during the session amounted to Rp11.987 trillion.

The IHSG also emerged as one of the stock market indices in the region to close in positive territory, while several major Asian markets ended Thursday’s session lower.

Singapore’s Straits Times Index fell 0.14%, while China’s Shanghai Composite declined 0.67%. Japan’s Nikkei 225 also lost 0.70%, while Hong Kong’s Hang Seng Composite dropped 1.26%.

The IHSG’s strong performance on Thursday, November 12, 2026, came amid political developments in Indonesia, as Vice President Gibran Rakabuming Raka announced his decision to resign from office.

Gibran reportedly submitted his resignation letter to President Prabowo Subianto and the leadership of the People’s Consultative Assembly (MPR). The development was disclosed during a press conference at the Presidential Palace in Jakarta on Thursday.

President Prabowo confirmed that Gibran had personally met with him to submit the letter. Prabowo also said the vice president had personally approached the MPR leadership.

“He came to meet me personally, and he also went to the MPR himself. And today, right now, he is here with me to face our fellow citizens,” Prabowo said during the press conference.