Jakarta, CNBC Indonesia \u2014 The Jakarta Composite Index (JCI) extended\nits losses during Tuesday afternoon trading (27 October 2026), standing\nat 5,265.50 at 2.29pm Western Indonesian Time. It was down 107.60\npoints, or 2.00%.<\/p>\n
The JCI had been weakening since trading began at 9am, opening at\n5,357.97, slightly below its previous close. The index briefly rose to\nan intraday high of 5,418.14 in the morning session, but the gains did\nnot last. Shortly before 10am, it reversed direction and continued to\nfall.<\/p>\n
Selling pressure intensified in the afternoon. After moving sideways\nbetween 5,340 and 5,360 from 10.30am to 1pm, the JCI came under renewed\nsharp pressure shortly before 2pm. It briefly touched an intraday low of\n5,264.<\/p>\n
Trading volume stood at 215.64 million lots, with transaction value\nreaching Rp8,422.18 billion.<\/p>\n
Refinitiv data showed that the index\u2019s afternoon weakness was driven\nby infrastructure shares, which plunged 5.8%, followed by technology\nshares, down 2.9%, and energy shares, which fell 2.2%.<\/p>\n
Among the stocks weighing on the JCI were PT Bank Rakyat Indonesia\n(Persero) Tbk (BBRI), PT Telkom Indonesia (Persero) Tbk (TLKM), PT Bank\nMandiri (Persero) Tbk (BMRI), PT Barito Renewables Energy Tbk (BREN) and\nPT Bayan Resources Tbk (BYAN).<\/p>\n
Other stocks contributing to the market\u2019s decline included PT Astra\nInternational Tbk (ASII), PT United Tractors Tbk (UNTR), PT Chandra Asri\nPacific Tbk (TPIA), PT Hanjaya Mandala Sampoerna Tbk (HMSP) and PT\nGudang Garam Tbk (GGRM).<\/p>\n
Indonesia\u2019s financial markets are being shaped by a range of domestic\nand international factors. Gains on Wall Street are expected to provide\na positive catalyst.<\/p>\n
New policies from the Indonesia Stock Exchange (IDX) are also\nexpected to bolster investor confidence. Overseas, developments in the\nwar and Chinese economic data are among the factors likely to move\nmarkets today.<\/p>\n
Internationally, investors are monitoring developments in the\nconflict, including a meeting between Saudi Arabia, T\u00fcrkiye and Pakistan\nwith Iran, as well as easing oil prices.<\/p>\n
Saudi Arabia, T\u00fcrkiye and Pakistan met Iranian officials in Tehran on\nMonday to ease tensions in the Middle East. The meeting took place amid\nan increase in Houthi attacks on Saudi Arabia and the threat of fresh\nattacks by the United States.<\/p>\n
The four countries agreed to continue dialogue to strengthen peace\nand security co-operation. Pakistan also proposed establishing a\nregional non-aggression network and finding a solution to the conflict\nacceptable to Washington and Tehran.<\/p>\n
Tensions nevertheless remain high. US President Donald Trump has left\nopen the possibility of attacking Iran again, while Tehran is demanding\nthat the blockade of its ports and sanctions on oil exports be lifted\nbefore it discusses its nuclear programme.<\/p>\n
Meanwhile, Egypt\u2019s parliament approved military support to help\ndefend Saudi Arabia. The move strengthens regional defence co-operation\namid a conflict that is disrupting shipping through the Strait of Hormuz\nand driving up global energy prices.<\/p>\n
Global crude prices fell on Monday (26 October 2026) amid hopes that\nthe Middle East conflict might ease. However, attacks on Saudi Arabia\nand shipping disruptions continue to keep investors on alert.<\/p>\n
Brent crude fell 0.8% to US$115.81 a barrel, while US West Texas\nIntermediate (WTI) crude dropped 1.46% to US$101.76 a barrel.<\/p>\n
The pullback followed gains in both benchmarks the previous week.\nBrent rose 6% over the week, while WTI gained 2.3%.<\/p>\n
Despite the decline, oil prices remain elevated as the risk of energy\nsupply disruptions persists. Developments in the Middle East conflict\nwill be an important factor in determining their next direction.<\/p>\n
Domestically, the IDX is preparing a number of new policies to\ntighten capital-market oversight. These include reducing share\nsuspensions and freezing securities accounts suspected of violations, as\nwell as strengthening investigations into suspicious transactions.<\/p>\n
The IDX also plans to make less use of Unusual Market Activity (UMA)\nannouncements as an initial supervisory measure.<\/p>\n
Meanwhile, the committee assessing shares with high ownership\nconcentration (High Shareholding Concentration, or HSC) will be expanded\nto nine members, including five independent external members.<\/p>\n
From 2 November 2026, HSC-category shares will also be excluded from\nthe JCI calculation, alongside changes to the index review schedule. The\nmeasures are intended to strengthen transparency, safeguard trading\nliquidity and increase investor confidence in Indonesia\u2019s capital\nmarket.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/breaking-jakarta-composite-index-falls-2-heres-why-1793091051", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }