JCI Plummets 1.30% as 550 Stocks Decline

The Indonesia Composite Index (IHSG) fell 1.30% to the 6,300 level during morning trading on Tuesday (22/09/2026). A total of 550 stocks declined, 282 stocks remained stagnant, and only 135 stocks increased.

Trading volume reached 14.59 billion shares, with transaction frequency reaching 986,200 times and a total transaction value of Rp5.72 trillion.

Despite the decline, the IHSG had initially opened slightly higher by 7.61 points or 0.12% to the 6,392.22 level. A few minutes after the market opened, the index strengthened further by 0.32% to the 6,405 level. The index moved within a range between a low of 6,392 and a high of 6,408 during the early morning session.

The Indonesian financial market on Tuesday (22/09/2026) will closely observe developments in the Middle East war alongside several domestic agendas. The surge in Wall Street and Bitcoin is expected to provide positive sentiment for the IHSG and the Rupiah.

Bank Indonesia (BI) has commenced its two-day Board of Governors Meeting. Market participants are also processing new regulations from the Indonesia Stock Exchange (BEI) regarding minimum share price limits and the inauguration of 14 officials from the Ministry of Finance.

Bank Indonesia (BI) began its September Board of Governors Meeting (RDG) on Tuesday (22/09/2026). The meeting will last for two days, with the decision on the benchmark interest rate, or BI Rate, scheduled to be announced on Wednesday (23/09/2026).

This announcement will be the first for Destry Damayanti since her inauguration as the definitive Governor of BI on 2 September. According to market consensus, BI is expected to maintain the BI Rate at the 5.75% level. The deposit facility and lending facility rates are also expected to remain unchanged at 4.75% and 6.5%, respectively.

In the August RDG, BI maintained the benchmark interest rate at the 5.75% level.