JCI Ends First Session Down 0.8% at 4,860
Jakarta, CNBC Indonesia — The Jakarta Composite Index (JCI) weakened through the end of the first trading session on Wednesday, 4 November 2026. It stood at 4,860.94, down 43.35 points, or 0.88%.
The JCI opened at 4,856.96 and fell as low as 4,824.36 early in the session. It then fluctuated and recovered to a high of 4,902.71, just below the previous day’s closing level. From 11am local time, the index gradually fell again, remaining in the 4,850–4,870 range towards the end of the morning session.
Trading volume reached 148.83 million lots, with transactions worth Rp5,358.85 billion, or around Rp5.36 trillion.
Indonesia’s financial markets were expected to remain under pressure on Wednesday amid rising global uncertainty and domestic volatility.
Investors were watching several economic and policy developments, including the US election, global oil prices and the outcome of a meeting of the Financial System Stability Committee (KSSK). Domestically, an alleged wiretapping case was the main concern.
The following are some of the key developments for market participants to watch.
- Wiretapping case
The alleged wiretapping of President Prabowo Subianto has shaken Indonesia. The case has raised concerns that investors may become more worried about security, investment risks and political instability in the country.
Indonesia’s National Police Criminal Investigation Department has named three suspects in connection with alleged illegal wiretapping, the deletion of electronic data and unauthorised access. National Police Criminal Investigation Department chief Commissioner General Asep Safrudin announced the decision at a press conference at police headquarters in South Jakarta on Tuesday, 3 November 2026.
Police have named and detained three senior officers: General LSP (Listyo Sigit Prabowo), Inspector General ASN (Ahrie Sonta Nasution) and Inspector General EHS (Eko Hadi Santoso).
- US election: Trump under threat as Democrats target Congress
Millions of Americans voted in the US midterm elections on Tuesday, 3 November 2026. The results could see the Republican Party, led by President Donald Trump, lose control of Congress.
Democrats are expected to lead the contest for the House of Representatives. Meanwhile, close races in several states will determine whether they can win a majority in the Senate and control both chambers of Congress.
- US JOLTS employment data
US job openings unexpectedly rose by 333,000 to 7.523 million in September 2026, from a revised-up 7.19 million in August. The figure exceeded market expectations of 7.10 million and was the highest in four months.
The increase was recorded across several sectors, particularly professional and business services, which added 106,000 openings, and state and local government, excluding education, which added 104,000.
Manufacturing recorded 54,000 more openings, construction added 36,000, and wholesale trade rose by 21,000.
- KSSK: Financial stability maintained; economy forecast to grow 5.4–5.5%
The Financial System Stability Committee (KSSK) said Indonesia’s financial system remained stable throughout the third quarter of 2026, although pressure on the economy and financial markets intensified in October.
The pressure was driven by escalating global geopolitical tensions, higher energy prices, tight liquidity and volatility in the domestic stock market related to concerns about MSCI.
On the fiscal front, state revenue reached Rp2,341.5 trillion through September 2026, up 25.5% year on year. State expenditure totalled Rp2,660.5 trillion, an annual increase of 19%, driven by the implementation of government priority programmes, including the Free Nutritious Meals (MBG) programme, social assistance, energy subsidies and infrastructure development.
In financial markets, cumulative foreign capital flows recorded a net inflow of US$13.23 billion from January to 23 October 2026. Foreign investors also recorded net purchases of government securities worth Rp28.79 trillion amid global market volatility.
Transactions using local currencies under the Local Currency Transaction (LCT) scheme with seven partner countries totalled US$52.6 billion from January to September 2026, more than double the US$25.7 billion recorded for the whole of 2025.
Despite global pressures, the government remains optimistic that Indonesia’s economy will grow by 5.4–5.5% in 2026, supported by household consumption, government stimulus and exports. The KSSK will continue to strengthen policy coordination to maintain financial stability amid global and domestic risks.
- US trade balance for September 2026
The US is scheduled to release its September 2026 trade-balance data on Wednesday, 4 November 2026, at 8.30pm local time. Investors will be watching the figures for signs of developments in US international trade and their potential impact on the US dollar and global financial markets.
In August 2026, the US trade deficit widened to US$105.6 billion from US$92.8 billion in July, its largest since March 2025. The widening was driven mainly by a US$17.2 billion surge in imports to a record US$420.8 billion, while exports rose by just US$4.5 billion to US$315.2 billion.