{
    "success": true,
    "data": {
        "id": 1917684,
        "msgid": "jci-slumps-1-13-as-msci-rebalancing-effect-lingers-1786625613",
        "date": "2026-08-13 18:47:43",
        "title": "JCI Slumps 1.13% as MSCI Rebalancing Effect Lingers",
        "author": "Ahmad Fikri Noor",
        "source": "REPUBLIKA",
        "tags": "",
        "topic": "Finance",
        "summary": "The Jakarta Composite Index (JCI) closed sharply lower on Thursday, falling 1.13% to 6,301.77, as the market continued to digest the removal of several Indonesian stocks from MSCI's global standard indexes. The decline was broad-based, with the basic materials sector leading the losses, while trading volume reached 26.78 billion shares. Analysts noted the MSCI rebalancing, coupled with profit-taking ahead of President Prabowo's state address on the 2027 state budget, weighed on sentiment despite mixed performance in other regional markets.",
        "content": "<p>The Jakarta Composite Index (JCI) ended trading on Thursday\nsignificantly weaker, dropping 72.08 points, or 1.13 percent, to\n6,301.77, as market participants continued to react to the latest MSCI\nInc.\u00a0index review for August 2026. The LQ45 index of top stocks also\nfell, declining 6.68 points, or 1.05 percent, to 627.16. Ratna Lim, Head\nof Research at Phintraco Sekuritas, attributed the decline to the\nremoval of several Indonesian stocks from the MSCI Global Standard\nIndexes, as well as profit-taking ahead of President Prabowo\u2019s state\naddress regarding the 2027 State Budget (RAPBN). MSCI\u2019s August review\nsaw two Indonesian stocks dropped from its Global Standard Indexes, with\none being downgraded to the MSCI Global Small Cap Index, while another\nwas moved to the small-cap category. A total of nine Indonesian stocks\nwere removed from the index. Regionally, Asian markets were mostly lower\nafter a previous rally, with China\u2019s central bank committing to\n\u2018practical and effective\u2019 policy support but stopping short of\nsignalling massive monetary easing, warning that rapid tightening after\nlarge-scale easing historically triggers sharper market shocks. The JCI\nopened higher but quickly reversed into negative territory, remaining in\nthe red throughout both trading sessions. All eleven sectoral indices on\nthe IDX-IC closed lower, with the basic materials sector suffering the\nsteepest drop of 2.93 percent, followed by energy and industrials, which\nfell 2.32 percent and 2.31 percent respectively. Market breadth was\ndecidedly negative, with 474 stocks declining against 186 gainers and\n303 unchanged. Total trading volume reached 26.78 billion shares with a\ntransaction value of Rp 1.90 trillion across 1.90 million trades. Among\nregional bourses, Japan\u2019s Nikkei rose 1.24 percent to 68,362.00, while\nthe Shanghai Composite fell 0.50 percent to 3,926.96 and Hong Kong\u2019s\nHang Seng slipped 0.17 percent to 25,396.51.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/jci-slumps-1-13-as-msci-rebalancing-effect-lingers-1786625613",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}