JCI Plunges 3.53% This Week to 6,723 Level
The Composite Stock Price Index (JCI) plunged 3.53% to 6,723.32 during the 11-13 May 2026 period. The JCI’s collapse this week occurred amid the announcement of the Morgan Stanley Capital International (MSCI) index rebalancing.
According to Indonesia Stock Exchange (BEI) data, the stock index fell from 6,936.39 last week. The JCI’s decline aligned with a drop in the exchange’s market capitalisation. “BEI’s market capitalisation also changed by 4.68% to Rp11,825 trillion from Rp12,406 trillion the previous week,” as quoted from BEI’s official statement on Thursday, 14 May 2026.
The average daily frequency, value, and volume of JCI transactions this week also declined compared to the previous week. The average daily transaction frequency this week fell 0.56% to 2.53 million transactions from 2.55 million transactions last week.
Meanwhile, the average daily transaction value dropped 18.78% to Rp18.82 trillion from Rp23.05 trillion the previous week. The average daily JCI transaction volume this week also plunged 22.01% from 45.86 billion shares last week to 35.76 billion shares.
Foreign investors recorded a net sell value of Rp1.531 trillion at the close of trading on Friday, 13 May 2026. Throughout 2026, foreign investors have recorded a net sell-off or outflow of Rp40.823 trillion.
MSCI announced the rebalancing or adjustment results for the Indonesian stock index on Wednesday, 13 May 2026 Indonesian time. Based on MSCI’s latest assessment, six Indonesian stocks were removed from the Global Standard Index. One stock was added, and 13 stocks were removed from the Global Small Cap Index.
Following the announcement, BEI, PT Indonesia Central Securities Depository (KPEI), PT Central Securities Depository (KSEI), and the Financial Services Authority (OJK) held a press conference. Regulators emphasised that domestic stock trading remains under control without indications of panic selling. The market weakening is seen as part of the global investor portfolio adjustment process that was anticipated, while also opening opportunities as stock valuations become more attractive compared to the beginning of the year.
Acting BEI President Director Jeffrey Hendrik views the latest MSCI announcement as a positive development because it can reduce one element of uncertainty in the market, especially amid high global volatility due to geopolitical tensions, commodity price fluctuations, and currency movements.
According to him, this certainty is expected to serve as a foundation for the future growth of Indonesia’s capital market together with all market participants and issuers.