Jakarta, CNBC Indonesia \u2014 The Jakarta Composite Index (JCI) came\nunder heavy pressure at the close of trading on Thursday (8 October\n2026). At the end of the second session, the JCI stood at 6,031.28, down\n115.44 points, or 1.88%. Trading volume totalled 567.04 million lots,\nwith transactions worth Rp11,256.53 billion.<\/p>\n
The index opened higher at 6,154.97 at about 9am Jakarta time, and\nbriefly reached an intraday high of 6,179.09. The advance did not last:\nselling pressure emerged and pulled the index down to around 6,120\nbefore 10am. After a limited rebound to about 6,130 at around 10am, the\nJCI resumed its gradual decline.<\/p>\n
Selling intensified in the second session. The JCI fell below the\npsychological 6,100 mark and continued down to between 6,060 and 6,080.\nAt about 3pm, the index was trading between 6,040 and 6,060 before\nsinking to its intraday low of 6,031.28 at the end of the monitored\nperiod.<\/p>\n
The JCI\u2019s trading range for the day was 6,031.28 to 6,179.09.<\/p>\n
The decline reflected losses in 518 stocks, while 258 were unchanged\nand only 187 rose.<\/p>\n
Refinitiv data cited infrastructure as the main drag, with the sector\nfalling 5%, followed by energy, down 2.7%, and basic materials, down\n2.6%.<\/p>\n
The stocks weighing on the JCI included PT Bank Rakyat Indonesia\n(Persero) Tbk (BBRI), PT Amman Mineral Internasional Tbk (AMMN), PT Bank\nMandiri (Persero) Tbk (BMRI), PT Barito Renewables Energy Tbk (BREN) and\nPT Bumi Resources Minerals Tbk (BRMS).<\/p>\n
Stocks that helped cushion the decline included PT Sumber Alfaria\nTrijaya Tbk (AMRT), PT Kalbe Farma Tbk (KLBF), PT Astra International\nTbk (ASII), PT Global Digital Niaga Tbk (BELI) and PT Apollo Global\nInteractive Tbk (APOL).<\/p>\n
Market sentiment on Thursday (8 October 2026) was expected to be\ninfluenced by developments in Indonesia\u2019s external resilience and the\ndirection of global monetary policy. Indonesia\u2019s foreign exchange\nreserves had edged down the previous day, although coverage remained\nabove international standards; data on the country\u2019s reserve money was\nalso released.<\/p>\n
Attention on Thursday turned to the minutes of the Federal Open\nMarket Committee (FOMC) meeting, published in the early hours, and\nIndonesia\u2019s consumer confidence report.<\/p>\n
A hawkish Federal Reserve outlook, a stronger dollar index and\nelevated US Treasury yields could put pressure on equities and the\nrupiah. Minutes from the European Central Bank and US unemployment\nclaims were also expected to inform assessments of interest-rate\nprospects, exchange rates and risk assets.<\/p>\n
US Treasury yields fell on Wednesday after a nearly US$40 billion\nauction of 10-year notes attracted strong demand. The decline followed a\nperiod in which yields had climbed to their highest levels since\n2002.<\/p>\n
The 10-year US Treasury yield, a key benchmark for equity markets,\nreached 5.365% during Wednesday\u2019s trading, its highest level since April\n2002.<\/p>\n
Yields on longer-dated bonds also rose. The 30-year Treasury yield\nbriefly touched 5.732% before retreating following strong demand at the\nauction.<\/p>\n
The US Treasury sold US$39 billion in 10-year notes at a yield of\n5.300%, the highest level this century. Strong demand subsequently\nhelped bring the yield down to about 5.27%. According to Bloomberg, bids\namounted to 2.77 times the value on offer.<\/p>\n
Indirect investors, including central banks and institutional\ninvestors, accounted for 80.34% of demand, while direct buyers made up\n17.12%, underscoring strong interest in the debt.<\/p>\n
The 30-year Treasury yield also fell to about 5.65%, in line with the\nstrong demand for US government securities.<\/p>\n
Rising Treasury yields are a concern for Indonesia because they can\nincrease pressure on emerging-market assets.<\/p>\n
Asian share markets also fell on Thursday (8 October 2026), as higher\nbond yields weighed on investor appetite for equities.<\/p>\n
Japan\u2019s Nikkei 225 fell 0.4%, South Korea\u2019s Kospi lost 0.35%, and\nAustralia\u2019s S&P\/ASX 200 declined 0.4%.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/jci-closes-1-88-lower-at-6-031-1791453124", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }