As of October 28, 2025, the top 5 stocks that are classified as top gainer stocks are Gaya Abadi Sempurna Tbk., with 30.99%, Sunson Textile Manufacture Tbk., with 25%, Soho Global Sukses Tbk., with 24.77%, Puri Global Sukses Tbk., with 24.73% and Multi Indocitra Tbk., with 24/.62%. Meanwhile, the top 5 stocks that are classified as top losers are Sarana Mitra Luas Tbk., with -14.91%, Dwi Guna Laksana Tbk., with -14.78%, Sarimelati Kencana Tbk., with -14.73%, Buana Lintas Lautan Tbk., with -14.48% and Repower Asia Indonesia Tbk., with -12.9%. The sharp increases in stocks such as Gaya Abadi Sempurna Tbk. (SLIS), Sunson Textile Manufacture Tbk. (SSTM), Soho Global Sukses Tbk. (SOHO), Puri Global Sukses Tbk. (PURI), and Multi Indocitra Tbk. (MICE) are primarily attributed to short-term speculative trading, market liquidity effects, and regulatory actions rather than purely fundamental performance improvements. For instance, SLIS experienced a trading suspension earlier due to a “significant cumulative price increase,” a pattern typically indicative of speculative buying pressure. After trading resumed, the stock continued to attract momentum traders, taking advantage of short-term price volatility. Similarly, Sunson Textile’s surge occurred despite reporting financial losses in 2024, suggesting the rally was driven by market sentiment, expectations of a turnaround, or technical buying rather than improved earnings. In the cases of SOHO, PURI, and MICE, corporate announcements, temporary trading suspensions, and thin market liquidity likely fueled rapid price swings, as smaller-cap stocks are more sensitive to shifts in investor sentiment and trading volume. Overall, the standard drivers among these top gainers include speculative activity, low free float, and regulatory responses to excessive volatility. In contrast, the decline in Sarana Mitra Luas Tbk. (SMIL), Dwi Guna Laksana Tbk. (DWGL), Sarimelati Kencana Tbk. (PZZA), Buana Lintas Lautan Tbk. (BULL) and Repower Asia Indonesia Tbk. (REAL) can be attributed to profit-taking behavior, liquidity-driven corrections, and company-specific concerns. Several of these firms had previously experienced rapid price increases, prompting investors to lock in profits once momentum faded. For example, DWGL and REAL have been subject to market monitoring due to unusual price movements, making them vulnerable to sharp reversals when speculative interest subsides. Meanwhile, operational or sectoral weaknesses also contributed – PZZA, which operates in the consumer food sector, may have faced pressure from softer consumer demand, while BULL’s drop was partly linked to capital-raising activities that diluted shareholder value and triggered selling pressure. In summary, the sharp declines of the top losers were driven by a mix of market correction, low liquidity.

Picture Source: EquityMaster, 2025