Jakarta, CNBC Indonesia \u2013 The Jakarta Composite Index (JCI) stood at\n5,032.44 at the close of the first trading session today, down 65.62\npoints, or 1.29%.<\/p>\n
The decline began at the opening of trade. The JCI opened at 5,066.94\nand briefly reached an intraday high of 5,116.01 in the opening minutes.\nThe rise did not last long, however, as selling pressure quickly\ndominated the market.<\/p>\n
Between 9.50 and 10.00am Western Indonesian Time (WIB), the index\ncontinued to slide, reaching an intraday low of 4,979.34, below the\npsychological 5,000 threshold. The range between its high and low was\nabout 136 points.<\/p>\n
From 10.00am, the index began a gradual recovery, trading between\n5,000 and 5,030. By around 11.30am, the JCI had climbed to about 5,032,\nroughly 53 points above its low.<\/p>\n
Trading volume totalled 242.53 million lots, with transactions valued\nat Rp5,603.47 billion, or about Rp5.6 trillion.<\/p>\n
Indonesia\u2019s financial markets faced a busy end to the week, with a\nrange of news, data releases and scheduled events. Wall Street\u2019s\ndecline, robust US economic data and rising US PCE inflation could weigh\non Indonesian shares and the rupiah.<\/p>\n
In the bond market, the yield on 10-year Indonesian government bonds\n(SBN) eased to 7.643% on Thursday, from 7.706% on Wednesday. The decline\nin yields indicates that SBN prices have risen as investors have shown\nrenewed interest in the bonds.<\/p>\n
Despite the easing, yields remain near their highest level in six\nyears.<\/p>\n
Here are some of the market factors in focus today:<\/p>\n
Bank Indonesia (BI) has said its November 2026 benchmark\ninterest-rate decision will depend on domestic and global economic\ndevelopments, rather than automatically following the US Federal Reserve\n(the Fed).<\/p>\n
BI Governor Destry Damayanti said the central bank has a range of\ninstruments to respond to economic pressures, including rupiah weakness.\nThe currency had at one point fallen beyond Rp18,100 per US dollar.<\/p>\n
Destry said BI Rate policy would continue to be determined\nconsistently in line with domestic economic data and global\ndevelopments.<\/p>\n
The Indonesia Stock Exchange (IDX) has removed five shares from its\nlist of securities eligible for short selling in November 2026. They are\nPT Bank Central Asia Tbk (BBCA), PT Bumi Resources Tbk (BUMI), PT Astra\nInternational Tbk (ASII), PT Barito Pacific Tbk (BRPT) and PT Indofood\nSukses Makmur Tbk (INDF).<\/p>\n
The US Personal Consumption Expenditures (PCE) price index rose by\n0.5% month on month in September 2026, its largest increase in six\nmonths, after rising 0.3% in August. The result was in line with market\nexpectations.<\/p>\n
Goods prices rose by 0.8%, up from 0.3% the previous month. The main\ndriver was a 1.1% jump in non-durable goods prices, led by a 9.2%\nincrease in petrol and other energy products.<\/p>\n
The core PCE price index, which excludes food and energy, rose by\n0.3% month on month. This was its largest increase in four months and\nmatched market forecasts.<\/p>\n
The PCE index is the Federal Reserve\u2019s main inflation gauge for\nsetting monetary policy. Inflation measured by this indicator has\nremained above the central bank\u2019s 2% target since 2021.<\/p>\n
The European Central Bank (ECB) kept its benchmark interest rates\nunchanged at its October 2026 meeting, in line with market\nexpectations.<\/p>\n
The ECB held its main refinancing rate at 2.65% and its deposit\nfacility rate at 2.50%.<\/p>\n
The US economy grew at an annualised rate of 3.4% in the third\nquarter of 2026, its fastest growth in a year. This was up from 2.2% in\nthe second quarter and above market expectations of 3.2%.<\/p>\n
The biggest contribution came from private domestic investment, which\nsurged by 19.4%, compared with 4.6% growth in the previous quarter. The\nincrease was driven by strong investment in artificial intelligence\n(AI).<\/p>\n
The Bank of Japan (BOJ) is scheduled to announce its interest-rate\ndecision today. Consensus forecasts point to rates remaining at 1.25%,\nfollowing an increase from 1.00% in September.<\/p>\n
Alongside the rate decision, markets will scrutinise the bank\u2019s\neconomic and price outlook, including changes to growth and inflation\nforecasts and its assessment of wage and consumption trends.<\/p>\n
The eurozone\u2019s preliminary GDP estimate is due today, Friday (30\nOctober), at 5.00pm WIB.<\/p>\n
The economy is expected to grow by 0.2% quarter on quarter, slowing\nfrom 0.6% in the previous quarter. Annual growth is projected at 1.1%,\ndown from 1.2%. A sharper slowdown could heighten concerns about the\nregion\u2019s economy and influence the ECB\u2019s policy direction.<\/p>\n
The eurozone unemployment rate is also due to be released on Friday\n(30 October) at 5.00pm WIB and is expected to remain at 6.4%.<\/p>\n
A stable labour market could support incomes and consumption amid\nslower economic growth. Conversely, rising unemployment alongside weaker\nGDP could add to concerns about the region\u2019s economic outlook.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/jci-closes-1-29-lower-at-5-032-1793339463", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }