IHSG Closes Lower on Thursday Ahead of MSCI and FTSE Global Index Announcements

The Indonesia Stock Exchange (BEI) Composite Index (IHSG) closed lower on Thursday, as investors turned cautious ahead of announcements by global index providers MSCI and the rebalancing of the FTSE Russell index on Friday (19/6). The IHSG fell 48.40 points, or 0.78 percent, to 6,172.34. The LQ45 index of 45 leading stocks dropped 8.31 points, or 1.33 percent, to 616.92. “Investors tend to be cautious ahead of the FTSE index rebalancing and the MSCI announcement,” said Phintraco Sekuritas Head of Research Ratna Lim in Jakarta on Thursday. Domestically, investors are also awaiting the MSCI Annual Market Classification Review announcement next week on Wednesday (24/6). Meanwhile, Bank Indonesia’s Board of Governors meeting today decided to raise the BI Rate by 25 basis points to 5.75 percent. BI Governor Perry Warjiyo stated the rate hike was an effort to support rupiah stabilisation and curb inflation. In total, BI has now raised interest rates by 100 basis points, placing the BI Rate at its highest level since April 2025. From abroad, news emerged that US President Donald Trump and the Iranian President have digitally signed a memorandum of understanding to develop a permanent peace agreement with Iran. The IHSG opened lower and remained in negative territory throughout the first trading session, continuing to stay in the red until the close. Based on IDX-IC sectoral indices, five sectors strengthened, led by the raw materials sector which rose 2.49 percent, followed by the non-primary consumer goods sector and the transportation & logistics sector, which gained 0.47 percent and 0.29 percent respectively. Meanwhile, six sectors weakened, with the infrastructure sector experiencing the deepest decline of 1.96 percent, followed by the financial sector and the healthcare sector, which fell 1.32 percent and 1.07 percent respectively. Top gainers among stocks included CBUT, JECC, ZONE, KOPI, and RLCO. The biggest losers were KONI, DEFI, BCIC, DPUM, and ESIP. Total trading frequency was recorded at 1,779,000 transactions, with 23.68 billion shares traded, valued at Rp17.97 trillion. Overall, 271 stocks rose, 445 stocks fell, and 243 remained unchanged. In regional Asian markets this afternoon, the Nikkei index strengthened 1,223.75 points, or 1.75 percent, to 71,126.00; the Hang Seng index fell 387.35 points, or 1.59 percent, to 23,924.81; the Shanghai index weakened 17.59 points, or 0.43 percent, to 4,090.48; and the Strait Times index rose 36.38 points, or 0.70 percent, to 5,212.84.