{
    "success": true,
    "data": {
        "id": 2047728,
        "msgid": "jci-falls-1-heres-whats-behind-the-decline-1792554643",
        "date": "2026-10-21 09:57:40",
        "title": "JCI Falls 1%: Here\u2019s What\u2019s Behind the Decline",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Finance",
        "summary": "Indonesia\u2019s benchmark Jakarta Composite Index fell 1.31% in the first trading session, led by steep losses in energy and basic materials shares. Investors remain focused on MSCI-related concerns and awaited Bank Indonesia\u2019s rate decision amid rupiah weakness, while market participants also watched share buybacks and the government\u2019s response to market issues.",
        "content": "<p>Jakarta, CNBC Indonesia \u2014 The Jakarta Composite Index (JCI) weakened\nagain in the first trading session today. At 9.35am WIB, it stood at\n5,209.5, down 69.39 points, or 1.31%.<\/p>\n<p>Trading volume totalled 90.27 million lots, with transaction value\nreaching Rp5,237.63 billion.<\/p>\n<p>According to Refinitiv data, the decline was led by the energy\nsector, which fell 3.1%, followed by basic materials, down 1.8%, and\nconsumer non-cyclicals, down 1.4%.<\/p>\n<p>The stocks weighing on the JCI included PT Bayan Resources Tbk\n(BYAN), PT Mora Telematika Indonesia Tbk (MORA), PT DCI Indonesia Tbk\n(DCII), PT Merdeka Copper Gold Tbk (MDKA) and PT VKTR Teknologi\nMobilitas Tbk (VKTR).<\/p>\n<p>Among the stocks that helped cushion the decline were PT Bank Rakyat\nIndonesia (Persero) Tbk (BBRI), PT Bank Mandiri (Persero) Tbk (BMRI), PT\nTelkom Indonesia (Persero) Tbk (TLKM), PT Bank Central Asia Tbk (BBCA)\nand PT Astra International Tbk (ASII).<\/p>\n<p>Market participants are expected to continue monitoring the Indonesia\nStock Exchange (IDX), the government and Danantara\u2019s responses to the\nMSCI announcement, share buybacks by several conglomerate-listed\ncompanies, and President Prabowo Subianto\u2019s direction to strengthen\nenforcement of capital-market regulations.<\/p>\n<p>Indonesia\u2019s financial markets on Wednesday, 21 October 2026, also\nremained under the influence of key domestic and international factors.\nInvestors\u2019 main focus was Bank Indonesia\u2019s (BI) interest-rate\nannouncement due today.<\/p>\n<p>Overseas, China\u2019s central bank decision to keep interest rates\nunchanged and the release of UK employment data also shaped market\nsentiment.<\/p>\n<p>The shadow of MSCI has not fully lifted. Fears that Indonesia could\nbe downgraded from Emerging Market to Standalone Market were the main\ntrigger for heavy selling last week. The market is now waiting for\nDanantara\u2019s planned share purchases and assessing whether the rally in\nstate-owned company shares can continue.<\/p>\n<p>The spotlight is now on BI. Its Board of Governors meeting, which\nbegan on Tuesday, is due to announce its interest-rate decision today,\nas the rupiah has at one point weakened past Rp18,000 against the US\ndollar.<\/p>\n<p>A CNBC Indonesia Research poll of 13 institutions found that 10\nrespondents expected BI to raise its rate by 25 basis points to 6.00%.\nThe other three predicted that the rate would be held at 5.75%. If\nimplemented, the increase would be the first after BI held rates steady\nfor three consecutive months, following cumulative hikes of 100 basis\npoints in May and June 2026.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/jci-falls-1-heres-whats-behind-the-decline-1792554643",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}