The Jakarta Composite Index (IHSG) ended the day in negative\nterritory, closing at 5,266.13, down 106.96 points or 1.99%.<\/p>\n
The IHSG was already lower when trading opened at 09:00 WIB at\n5,357.97. It briefly rose early in the session, reaching an intraday\nhigh of 5,418.14.<\/p>\n
However, the gains did not last. The index gradually weakened into\nthe afternoon, with selling pressure deepening after 14:00 WIB.<\/p>\n
The day\u2019s low of 5,182.37 was recorded at around 15:30 WIB,\napproximately 235.77 points below the intraday peak. The IHSG recovered\nsome of its losses before the close, rebounding by around 83.76 points\nfrom its low to finish at 5,266.13.<\/p>\n
Trading volume reached 337.63 million lots, with transactions worth\nRp16.23 trillion.<\/p>\n
IDX data showed that the decline reflected the broad weakness in the\nmarket: 101 shares rose, 657 fell and 215 were unchanged.<\/p>\n
Refinitiv data showed that the infrastructure sector weighed most\nheavily on the index, plunging 6.1%. Basic materials fell 3.7%, followed\nby technology, down 2.9%.<\/p>\n
Among the stocks that weighed on the IHSG were PT Telkom Indonesia\n(Persero) Tbk (TLKM), PT Amman Mineral Internasional Tbk (AMMN), PT\nBayan Resources Tbk (BYAN), PT Barito Renewables Energy Tbk (BREN) and\nPT Barito Pacific Tbk (BRPT).<\/p>\n
Stocks cited as offsetting some of the index\u2019s decline included PT\nUnited Tractors Tbk (UNTR), PT Astra International Tbk (ASII), PT Apollo\nGlobal Interactive Tbk (APLI), PT Sinar Mas Multiartha Tbk (SMMA) and PT\nIndocement Tunggal Prakarsa Tbk (INTP).<\/p>\n
Indonesia\u2019s financial markets were influenced by a range of domestic\nand international factors. Wall Street\u2019s gains were seen as a potential\npositive catalyst.<\/p>\n
New policies from the Indonesia Stock Exchange (IDX) were also\nexpected to bolster investor confidence. Internationally, developments\nin the war and China\u2019s economic data were among the factors expected to\nmove markets.<\/p>\n
Investors monitored developments in the Middle East, including talks\ninvolving Saudi Arabia, T\u00fcrkiye and Pakistan with Iran, as well as\neasing oil prices.<\/p>\n
Saudi Arabia, T\u00fcrkiye and Pakistan met Iranian officials in Tehran on\nMonday to ease the conflict in the Middle East. The meeting took place\namid increased Houthi attacks on Saudi Arabia and the threat of further\nUS strikes.<\/p>\n
The four countries agreed to continue dialogue to strengthen peace\nand security cooperation. Pakistan also proposed a regional\nnon-aggression network and a conflict resolution framework acceptable to\nboth Washington and Tehran.<\/p>\n
Tensions remained high. US President Donald Trump left open the\npossibility of renewed strikes on Iran, while Tehran demanded the\nlifting of port blockades and oil export sanctions before discussing its\nnuclear programme.<\/p>\n
Meanwhile, Egypt\u2019s parliament approved military support to help\ndefend Saudi Arabia. The move strengthened regional defence cooperation\nas the conflict disrupted shipping through the Strait of Hormuz and\ndrove up global energy prices.<\/p>\n
Global crude prices fell on Monday, 26 October 2026, amid hopes that\nthe Middle East conflict could ease. However, attacks on Saudi Arabia\nand shipping disruption continued to keep investors on alert.<\/p>\n
Brent crude fell 0.8% to US$115.81 a barrel, while US West Texas\nIntermediate (WTI) dropped 1.46% to US$101.76 a barrel.<\/p>\n
The pullback followed gains for both benchmarks the previous week.\nBrent rose 6% over the week, while WTI gained 2.3%.<\/p>\n
Despite the decline, oil prices remained high as the risk of energy\nsupply disruptions persisted. Developments in the Middle East conflict\nare expected to be a key factor shaping prices ahead.<\/p>\n
Domestically, the IDX is preparing a series of new policies to\ntighten capital-market supervision. These include reducing share\nsuspensions, freezing securities accounts suspected of rule breaches and\nstrengthening 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
The committee assessing shares with high ownership concentration\n(High Shareholding Concentration\/HSC) has been expanded to nine members,\nincluding five independent external representatives.<\/p>\n
From 2 November 2026, HSC-category shares will also be excluded from\nIHSG calculations, alongside changes to the index review schedule. The\nmeasures are intended to improve transparency, safeguard trading\nliquidity and strengthen investor confidence in Indonesia\u2019s capital\nmarket.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/ihsg-closes-down-1-99-at-5-266-1793094703", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }