The Jakarta Composite Index (JCI) slumped on Thursday (18\/6\/2026),\nextending the correction recorded in the previous day\u2019s trading. Based\non IDX Mobile data at 09:42 WIB, the JCI fell to 6,096.41, down 124\npoints or 2%, having briefly dropped more than 2% to 6,088.09. A total\nof 140 stocks rose, 460 stocks fell, and 122 stocks were unchanged.\nTransaction value reached Rp 6.13 trillion, with a trading volume of\n7.12 billion shares changing hands 511,731 times. The most actively\ntraded stocks included BBCA, BBRI, BMRI, TPIA and DSSA. Citing Refinitiv\ndata, stocks weighing on the JCI\u2019s performance included TLKM, BBCA,\nBBRI, BMRI and SMMA.<\/p>\n
Domestic and global financial market movements are entering a crucial\nphase this week. Market participants are shifting their focus to several\nkey macroeconomic agendas that could determine the direction of foreign\ncapital flows and exchange rate stability. The Federal Reserve\u2019s and\nBank Indonesia\u2019s interest rate decisions will be the main focus of the\nmarket today. The Federal Reserve maintained its benchmark interest rate\nat 3.50%-3.75% at the June FOMC meeting, but signalled strongly that\nfurther rate hikes remain possible this year as inflation stays well\nabove the 2% target. In its official statement, the Fed noted that US\neconomic activity continues to grow solidly. Fed Chair Kevin Warsh\nreaffirmed the central bank\u2019s commitment to returning inflation to\ntarget, and the latest statement removed all forward guidance, marking a\nshift in approach under his leadership.<\/p>\n
Domestically, the fundamental agenda commanding attention is the\nannouncement of the final results of the Bank Indonesia Board of\nGovernors meeting. A majority of market participants expect Bank\nIndonesia to raise its benchmark interest rate at this meeting, held on\n17-18 June 2026, though the margin of expectation has narrowed. Of 14\ninstitutions participating in a CNBC Indonesia poll, eight forecast a 25\nbasis point increase to 5.75%, while six expect the rate to be held at\n5.50%, placing the median projection at 5.75%. After responding to Bank\nIndonesia\u2019s monetary policy direction, the focus of global fund managers\nand domestic institutions will immediately shift to the MSCI Global\nMarket Accessibility Review, scheduled for release early Friday morning\n(19\/6\/2026). This annual review carries massive implications as it\nevaluates the accessibility of capital markets across countries and the\nquality of their market infrastructure. For the Indonesian equity\nmarket, this announcement is always a crucial highlight. Any adjustment\nto market classification methodology, special treatment of equity\ninstruments, or review of regulations concerning public shareholding\nlimits or free float rules will structurally impact the portfolio\ncomposition of passive global funds. Such decisions could trigger\nlarge-scale investment position adjustments, potentially creating\nliquidity volatility and share price fluctuations for mega-cap stocks on\nthe Indonesia Stock Exchange by the end of the week. In addition to the\nAccessibility Review, MSCI will also release its Annual Market\nClassification Review early on Wednesday (24\/6\/2026). Meanwhile,\nAsia-Pacific stock markets opened higher on Thursday, even as market\nparticipants digested the results of the latest Federal Reserve meeting.\nFutures contracts for US equities rose on Wednesday evening local time,\nwith S&P 500 futures up 0.2%, Nasdaq 100 futures up 0.4%, and Dow\nJones Industrial Average futures adding 73 points, or slightly above\n0.1%. In Asia, South Korea\u2019s Kospi index surged 0.89% to a new record\nhigh, with tech giant SK Hynix soaring 3.25% to an all-time high and\nSamsung Electronics rising 1.23%, though the small-cap Kosdaq index fell\n0.5%. Japan\u2019s market also posted an impressive performance, with the\nNikkei 225 rising 1.35% to breach the 71,000 level for the first time in\nhistory, while the Topix index gained 1.27%. Australia\u2019s benchmark\nS&P\/ASX 200 was relatively flat. Meanwhile, Hang Seng futures were\nat 24,200, lower than the previous close of 24,312.16, indicating\npotential weakness at the opening.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/jci-plunges-over-2-extending-sharp-decline-1781754687", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }