IDX Composite Closes at 5,115.04 Ahead of MSCI Review
Published on 11/11/2026 at 13:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSMarket Caution Builds in Jakarta
- The IDX Composite closed at 5,115.04 on Wednesday, down 0.21 percent from the previous session.
- Basic materials, real estate, consumer cyclicals, financials and consumer non-cyclicals were among the weakest sectors.
- Investors were awaiting the MSCI November review and assessing changes to the exchange's high-shareholding-concentration screening.
The IDX Composite ended Wednesday, November 11, 2026, at 5,115.04, down 10.69 points or 0.21 percent from Tuesday's close of 5,125.73. The benchmark initially rose to 5,144.79 after opening at 5,139.09, but weakened during the second session and reached an intraday low of 5,086.02, according to CNBC Indonesia.
Early Gains Fade Into the Close
The decline followed five consecutive advancing sessions. CNBC Indonesia reported that basic materials fell 2.09 percent, while real estate, consumer cyclicals, financials and consumer non-cyclicals also weakened. Astra International, Bank Central Asia, Sinar Mas Multiartha, Barito Pacific and Amman Mineral International were identified as notable drags on the index. Energi Mega Persada, Bank Rakyat Indonesia, Sumber Alfaria Trijaya, Indofood CBP Sukses Makmur and Kalbe Farma provided support.
Market breadth was negative, with 383 stocks declining, 180 advancing and 152 unchanged. Trading turnover was reported at IDR 7.87 trillion, with volume of 310.74 million lots.
MSCI Review Remains a Key Focus
The session took place ahead of MSCI's November index review. CNBC Indonesia reported that the review results were scheduled for Thursday, November 12, at 05:00 Jakarta time, before the Indonesian market opened. Any resulting composition changes were scheduled to be implemented at the close on November 30 and become effective on December 1.
Investors were also weighing an overhaul of the Indonesia Stock Exchange's screening process for stocks with high shareholding concentration. The Jakarta Post reported that the revised process expanded the list to 383 stocks from 83. The additional stocks represented 6.16 percent of the IDX Composite's weighting and were to be excluded from the index calculation, according to the exchange.
Investor Positioning Remains Defensive
The combination of upcoming MSCI changes, the revised HSC methodology and concerns about US inflation and Federal Reserve policy kept the market's near-term direction uncertain. The close below the prior session's level indicates that the benchmark could not sustain the momentum built during the preceding rally, although the day's rebound from its low showed that buying interest remained present in selected large-cap names.
Further coverage of the IDX Composite is available in the index topic section.
