IDX Composite closes at 5,098.06, down 3.49%
Published on 10/29/2026 at 19:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSIDX Composite ends under renewed pressure
- The IDX Composite closed at 5,098.06 on October 29, 2026, down 3.49 percent from the previous session.
- All 11 IDX-IC sectors declined, while foreign investors recorded net selling and the rupiah remained under pressure.
- Market sentiment was weighed by global rate uncertainty, MSCI-related concerns and weakness in large-cap bank stocks.
The IDX Composite, Indonesia's broad equity benchmark, closed at 5,098.06 on Thursday, October 29, 2026, down 184.25 points, or 3.49 percent, from the previous session. The Indonesia Stock Exchange defines the index as measuring the performance of all companies listed on its Main Board and Development Board, as set out on its IDX index page.
Broad-based losses across Jakarta
The decline was broad. Data reported by Databoks, citing RTI Business and IDX-IC sector data, showed that all 11 sectors finished lower. Industrials fell 4.64 percent, while basic materials and infrastructure declined 4.53 percent and 4.24 percent, respectively. Trading activity reached 23.26 billion shares across about 1.32 million transactions, with total value of approximately 11.28 trillion rupiah. The same report counted 624 decliners, 98 advancers and 70 unchanged stocks.
Foreign selling and currency pressure
Kompas reported foreign net selling of 1.52 trillion rupiah and said the correction reached both large-cap and smaller companies. The newspaper also cited Bank Indonesia's JISDOR rate of 18,183 rupiah per US dollar on October 28. It described global uncertainty, foreign capital outflows, interest-rate policy and the ongoing MSCI evaluation as factors keeping investor sentiment defensive.
Large banks were among the stocks under pressure. Kompas reported foreign selling of 36.68 billion rupiah in BBNI, 155.86 billion rupiah in BMRI, 164.5 billion rupiah in BBRI and 503.49 billion rupiah in BBCA. These figures point to pressure in highly capitalized financial stocks, but they do not establish a single cause for the index's decline.
Global backdrop adds to caution
Market conditions were also unsettled outside Indonesia. Investing.com said infrastructure, financial and agricultural stocks were among the sectors leading losses and reported that declining shares outnumbered advancing shares 686 to 77. The report also recorded lower oil prices and a firmer US dollar index during the session. For investors, the combination of broad domestic selling, currency weakness and uncertainty over global rates leaves the next Indonesian session sensitive to foreign flows and developments affecting large-cap stocks.
Further IDX Composite coverage is available on the IDX Composite topic page.
