IDX Composite jumps 2.66% to 5,250.90 after political relief and MSCI review
Published on 11/12/2026 at 18:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSWhat moved Jakarta equities
- The IDX Composite closed at 5,250.90 on November 12, 2026, up 2.66 percent.
- Industrial, transportation and energy stocks led a broad-based advance across all 11 IDX-IC sectors.
- Large-cap banks provided substantial index support as investors assessed Vice President Gibran Rakabuming Raka's resignation and the latest MSCI review.
- MSCI removed Barito Pacific and Bumi Resources Minerals from its Global Standard Indexes, while Bumi Resources Minerals moved to the Small Cap tier.
Indonesia's IDX Composite closed sharply higher on Thursday, November 12, 2026. The benchmark gained 135.86 points, or 2.66 percent, to finish at 5,250.90. The move marked a broad advance, with all 11 sectoral indexes on the Indonesia Stock Exchange ending in positive territory.
According to IDNFinancials, industrial stocks led the sector gains with a rise of 4.53 percent. Transportation shares advanced 3.12 percent and energy stocks climbed 2.86 percent. Healthcare and technology recorded the smallest increases, at 0.06 percent and 0.18 percent, respectively.
Political and MSCI developments
Market sentiment was influenced by the resignation of Vice President Gibran Rakabuming Raka. IDNFinancials reported that investors viewed the development positively because it reduced concerns about a potentially prolonged domestic political conflict, although the rupiah weakened during the session.
The market also assessed the November MSCI index review. Katadata Databoks reported that PT Barito Pacific Tbk and PT Bumi Resources Minerals Tbk were removed from the MSCI Global Standard Indexes. Bumi Resources Minerals moved to the MSCI Global Small Cap Indexes, while seven other Indonesian stocks were removed from the Small Cap index.
Bank stocks lift the benchmark
Large-cap lenders were among the most important contributors to the advance. IDNFinancials reported that Bank Rakyat Indonesia shares rose 5.94 percent and added 28.42 points to the index. Bank Central Asia gained 2.82 percent and contributed 14.05 points, while Bank Mandiri also supported the benchmark with an 11.96-point contribution.
Trading activity was substantial: about 41.3 billion shares changed hands in roughly 1.5 million transactions, with total value near IDR 12 trillion, according to IDNFinancials. The breadth of the advance was also notable, with 496 stocks rising, 115 falling and 105 unchanged, as reported by Katadata Databoks.
The IDX Composite's close provides a stronger near-term technical backdrop after the index moved above the 5,200 level. However, the market still faces currency pressure and uncertainty related to global interest-rate expectations and the implementation of MSCI's changes. The IDX Composite can be followed through the IDX Composite topic page.
