Breaking News! IHSG Drops More Than 1%
Jakarta, CNBC Indonesia - The Composite Stock Price Index (IHSG) plunged 1% at the start of trading on Monday (11/5/2026) amid renewed selling pressure hitting the majority of large-cap stocks.
According to trading data from the Indonesia Stock Exchange (BEI) as of 09.07 WIB, the IHSG fell 97.41 points or 1.4% to the level of 6,871.99. The index even briefly touched the daily low of 6,867.61.
As many as 419 stocks corrected, far more than the 173 stocks that strengthened and 367 stocks that moved stagnant. The market transaction value reached Rp1.82 trillion with a trading volume of 3.87 billion shares in 297,000 transactions.
Selling pressure caused the IHSG to once again move away from the psychological level of 7,000 after previously closing at 6,969.40 in last week’s trading.
Meanwhile, Indonesia’s financial market this week will be short, lasting only three days due to the holiday and joint leave for the Commemoration of the Ascension of Jesus Christ on Thursday and Friday.
A crucial agenda from the domestic capital market that must be anticipated on 12 May 2026 is the MSCI index rebalancing cycle. Based on the official announcement from MSCI dated 20 April 2026, the global index agency provided feedback on the capital market transparency reforms initiated by OJK, BEI, and KSEI.
These reforms include increased disclosure of shareholders above 1%, more detailed investor classification, implementation of the High Shareholding Concentration (HSC) framework, and a roadmap to increase the minimum free float limit to 15%.
MSCI is currently evaluating the scope and effectiveness of this new data source in determining broader estimates of publicly circulating shares or free float.
For the May 2026 index review, MSCI has set special interim treatment for Indonesian securities to limit investability risks. MSCI will freeze all increases in Foreign Inclusion Factors (FIF) and Number of Shares (NOS), and will not add new constituents to the MSCI Investable Market Indexes (IMI).
Additionally, MSCI will not conduct upward migration for securities from the Small Cap segment to Standard. The most significant policy is MSCI’s decision to delete securities identified by Indonesian authorities as falling under the High Shareholding Concentration (HSC) framework.
MSCI will also use 1% shareholder disclosure data to adjust free float estimates if necessary. Further evaluation of these reforms is scheduled to be communicated again in the Market Accessibility Review in June 2026.