JCI Closes Down 4.2%

Jakarta — The Jakarta Composite Index (IHSG) closed down 245.01 points, or 4.2%, at 5,594.77. The index briefly showed positive movement in the morning before plunging deeper, leaving the 5,600 level behind.

A total of 656 stocks declined today. Only 115 stocks advanced, while the remaining 188 listed companies were unchanged. Transaction value reached Rp31.08 trillion, with nearly half occurring in the negotiated market.

Some 34.39 billion shares changed hands across 2.14 million transactions. Market capitalisation consequently collapsed to Rp9,807 trillion.

The correction in the IHSG came as the rupiah exchange rate against the US dollar hit a new historic level of Rp18,000.

The rupiah managed to reverse course and strengthen slightly against the US dollar at the close of trading on Friday (5/6/2026), after moving volatilely around the Rp18,000/US$ range throughout the day.

Citing Refinitiv data, the rupiah closed up 0.06% at Rp18,010/US$.

This strengthening provided a small reprieve for the Garuda currency after the previous trading session on Thursday (4/6/2026), when the rupiah closed down 0.45% at Rp18,020/US$. That position represented the weakest level in the rupiah’s history against the US dollar.

Although it ended stronger, the rupiah’s movement throughout today’s trading remained under pressure. The rupiah opened down 0.17% at Rp18,050/US, beforemovingquitevolatilelyintheRp18, 000–Rp18, 050/US range all day.

Meanwhile, the US dollar index (DXY), which measures the greenback’s strength against six major world currencies, was observed still moving stably at 99.258 as of 15:00 WIB.