Indonesia’s composite stock index, the IHSG, closed up 1.12 percent at 5,387.91 on Thursday, after falling nearly 2 percent intraday. The index opened at 5,247.98 and reached a high of 5,422.59 before the session ended.
Intraday swing and breadth
The index gained 59.54 points over the session. Trading volume reached 331.29 million lots, worth 15,313.18 billion rupiah. Of the listed shares, 489 advanced, 216 declined and 258 were unchanged.
MSCI concerns in focus
President Prabowo Subianto told a Cabinet plenary session that the country still faces many disturbances. He cited MSCI, which is considering reclassifying Indonesia from Emerging Market to Standalone Market. He said the country was being blocked and that various parties wanted to scare it.
MSCI is consulting market participants until April 2027, with a final decision due by 30 June 2027. Prabowo’s remarks were reported citing CNBC Indonesia on Wednesday, 21 October 2026.
Central bank and global backdrop
Bank Indonesia kept its benchmark rate unchanged and announced new policies to boost bank lending. Traders also tracked rising UK inflation and a jump in French government bond yields.
Related: Jakarta index closes higher after early 2% drop, foreigners sell · Jakarta stocks slump 3.64% as MSCI weighs Indonesia downgrade
