The Indonesia Stock Exchange (IDX) Composite Index (JCI) edged higher\non Friday morning, extending its recovery after a significant correction\non Friday (16 October) and Monday (19 October).<\/p>\n
The JCI opened up 9.44 points, or 0.18 per cent, at 5,397.34. The\nLQ45 index of 45 leading shares rose 0.56 points, or 0.10 per cent, to\n545.13.<\/p>\n
\u201cTechnically, the JCI could test resistance at 5,400 and, if it holds\nabove that level, could continue to strengthen. The 5,300 level is the\nnearest support, helping to maintain positive momentum and guard against\npotential selling pressure. A break below that level could lead to a\ntest of the next support range at 5,180\u20135,200,\u201d Phintraco Sekuritas Head\nof Research Ratna Lim said in a note in Jakarta on Friday.<\/p>\n
Domestically, the IDX will exclude shares classified as having High\nShareholding Concentration (HSC) from its JCI calculation from 2\nNovember 2026. The exchange said there are currently 80 HSC shares, some\nof which have also been sanctioned for capital-market violations.<\/p>\n
The IDX has issued sanction letters to parties that breached\ncapital-market rules, including DSSA, BREN and CUAN.<\/p>\n
The exchange had previously adjusted the shares\u2019 lower auto-rejection\nlimit (ARB), making it asymmetric and reducing it from 15 per cent to 7\nper cent from 19 October to 31 December 2026.<\/p>\n
The IDX also announced an initiative to add information on share\naffiliations where ownership reaches 1 per cent.<\/p>\n
The regulatory measures are intended to respond to MSCI\u2019s\nannouncement that it is consulting market participants on a proposal to\nreclassify Indonesia\u2019s capital market from Emerging Market to Standalone\nMarket.<\/p>\n
Meanwhile, Lim said rising oil prices could add to global\ninflationary pressure and limit the scope for monetary easing.<\/p>\n
\u201cThis raises the risk that Bank Indonesia and the US Federal Reserve\nwill keep interest rates high or raise them again, potentially weighing\non share and bond markets and increasing financial-market volatility,\u201d\nLim said.<\/p>\n
She said energy stocks, particularly oil and gas companies, could\nbenefit from higher oil prices, while coal stocks could receive positive\nsentiment amid growing concerns about global energy supply security.<\/p>\n
\u201cHowever, the impact will still depend on commodity prices and the\nfundamentals of each listed company,\u201d she said.<\/p>\n
Overseas, policy decisions by the Federal Reserve and the Bank of\nJapan (BOJ) are in focus next week.<\/p>\n
Higher energy prices could complicate the Fed\u2019s decisions, as\ninflationary pressure may limit its ability to ease monetary policy. The\nBOJ decision will also be watched by investors assessing the direction\nof Japanese interest rates and the outlook for the yen.<\/p>\n
Brent crude rose 4 per cent to US$99 a barrel on Thursday (22\nOctober), amid concerns about escalating tensions in the Middle\nEast.<\/p>\n
Reports said the US and Israeli militaries had drawn up plans for\nrenewed strikes against Iran after next month\u2019s midterm elections. New\nattacks by Iran-backed Houthi forces on energy facilities and airports\nin Saudi Arabia have also fuelled concerns about possible supply\ndisruptions.<\/p>\n
European markets closed broadly lower on Thursday (22 October). The\nEuro Stoxx 50 fell 1.96 per cent, the UK\u2019s FTSE 100 lost 0.26 per cent,\nGermany\u2019s DAX declined 1.07 per cent and France\u2019s CAC 40 dropped 1.39\nper cent.<\/p>\n
Most US markets also fell on Thursday (22 October). The S&P 500\ndeclined 1.21 per cent and the Nasdaq Composite slid 2.60 per cent,\nwhile the Dow Jones Industrial Average gained 0.02 per cent.<\/p>\n
Asian markets were mixed on Friday morning. The Nikkei fell 1.44 per\ncent to 62,028.00, the Shanghai Composite declined 1.40 per cent to\n3,606.96, the Hang Seng rose 0.07 per cent to 22,950.95, the Kospi fell\n2.21 per cent to 5,411.17 and the Straits Times Index gained 0.57 per\ncent to 5,384.95.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/jci-edges-higher-as-recovery-continues-after-correction-1792727609", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }