IHSG Closes Slightly Lower Amid MSCI Index Rebalancing

The Indonesia Stock Exchange Composite Index (IHSG) closed marginally lower on Friday, 29 May 2026, as foreign investors adjusted their portfolios in response to the May 2026 MSCI index rebalancing. According to trading data, the IHSG fell 2.81 points, or 0.05%, to 6,127.38. The LQ45 index of top 45 blue-chip stocks fell more sharply, dropping 9.23 points (1.49%) to 611.17. Ratna Lim, Head of Research at Phintraco Securities, explained that the decline was a direct result of the MSCI index rebalancing, which took effect after today’s trading session closed. “The IHSG closed slightly lower amid MSCI rebalancing, but the correction was less severe than feared as the market had already anticipated the move,” Ratna said, according to Antara on Friday (29 May). Trading Statistics (29 May 2026): Despite the main index’s decline, eight sectors in the IDX-IC rose. Infrastructure led gains at 3.34%, followed by raw materials (3.08%) and energy (2.65%). Conversely, financials were the main drag, down 1.03%, followed by property (0.90%) and healthcare (0.19%). Top gainers included KJEN, BREN, RATU, PTRO, and BRPT, while APIC, ASPR, FILM, TALF, and MGNA were among the top losers. Externally, Asian markets mostly rose, driven by positive tech sector trends on Wall Street. The Nikkei surged 2.53% and the Hang Seng rose 0.7%, though this optimism was overshadowed by rising US-Iran military tensions. Domestically, pressure on the stock market also came from the rupiah’s continued depreciation, closing at a session low of Rp17,881 against the US dollar in the spot market. Overall, trading volume reached 2,377,054 transactions, with 271 stocks rising, 409 falling, and 137 remaining flat. (Ant/Z-10)