IDX Composite Remains Under Pressure, Weakening 1.02% to 6,009 Level
The Indonesia Stock Exchange (IDX) Composite plunged by more than 1% in today’s trading, Thursday (1/10/2026). This weakening occurred alongside the reshuffle of the Red and White Cabinet by President Prabowo Subianto.
At the close of the second trading session, the IDX Composite corrected by 61.64 points to the 6,009.50 level, representing a 1.02% decrease. This marks the lowest level for the index in more than the last two months.
The index moved within a range between a low of 5,973 and a high of 6,095, reflecting trading volatility. Total trading volume was recorded at 329.48 million lots, with a transaction value reaching Rp 11.07 trillion across 1.58 million trades. A total of 206 stocks strengthened, 450 weakened, and 134 remained stagnant.
The decline in the index was driven by the non-primary consumer sector, which fell by 1.97%, followed by the basic materials sector, down 1.91%, and the technology sector, which dropped by 1.50%.
Stocks weighing down the index included PT GoTo Gojek Tokopedia Tbk (GOTO), PT Bank Central Asia Tbk (BBCA), PT Bumi Resources Minerals Tbk (BRMS), PT Amman Mineral Internasional Tbk (AMMN), and PT Bank Rakyat Indonesia (Persero) Tbk (BBRI).
Foreign investors recorded a net sell of Rp 204.30 billion at the close of the first session on 1 October 2026. According to Stockbit, total foreign purchases were recorded at Rp 1.70 trillion, while foreign sales reached Rp 1.90 trillion.
Stocks sold by foreign investors included PT GoTo Gojek Tokopedia Tbk (GOTO) with a net foreign sell of Rp 62.77 billion and a volume of 2.24 billion shares. Second was PT Petrindo Jaya Kreasi Tbk (CUAN) with a net sell value of Rp 29.52 billion, followed by PT Amman Mineral Internasional Tbk (AMMN) at Rp 24.55 billion.
Banking stocks, specifically PT Bank Rakyat Indonesia (Persero) Tbk (BBRI), were also sold by foreigners amounting to Rp 19.80 billion, followed by PT Merdeka Copper Gold Tbk (MDKA) at Rp 19.54 billion.
In today’s trading, domestic market participants monitored various sentiments from both home and abroad. Domestically, attention was focused on the release of manufacturing PMI, the trade balance, inflation, and the cabinet reshuffle.
President Prabowo Subianto inaugurated several ministers and deputy ministers of the Red and White Cabinet for the remainder of the 2024-2029 term at the State Palace, Central Jakarta, on Thursday (1/10/2026). One of the appointments included Police General Listyo Sigit Prabowo, who was inaugurated as the Chief of Staff to the President.
Listyo, the former Chief of National Police, replaces General TNI Dudung Abdurachman, while the position of Chief of National Police is now held by Police General Suyudi Ario Seto.
Furthermore, the Minister of Energy and Mineral Resources, Bahlil Lahadalia, has been appointed as the Coordinating Minister for Downstreaming and Energy.
Regarding external sentiments, ongoing war developments continue to shadow the market, amidst strengthening Chinese manufacturing, US PCE inflation coming in lower than expected, and an upward revision of US economic growth.