The Jakarta Composite Index closed down 7.35% following the MSCI announcement (Wednesday, January 28, 2026)

The Jakarta Composite Stock Price Index (IHSG) fell 7.35% to 8,320.56 at the close of trading on Wednesday (28/1/2026).

The index's decline occurred amid panic selling by market participants, following Morgan Stanley Capital International (MSCI)'s announcement of a temporary freeze on the valuation process for Indonesian stocks.

"MSCI's announcement not granting additional weighting or rebalancing for Indonesian stocks triggered the initial market pressure," said capital market observer Reydi Octa, as reported by Antara (28/1/2026).

This afternoon, the Indonesia Stock Exchange (BEI) also temporarily halted trading due to the IHSG plummeting 8% at 1:43 PM.

"The IHSG's decline triggering a trading halt more reflects emotional reactions and short-term panic selling," said Reydi.

Based on the IDX-IC Sectoral Index, all 11 stock sectors corrected today. The infrastructure sector fell the most by 10.15%, followed by the energy and technology sectors, which each dropped 8.99% and 7.55%.

According to RTI Business data, there were 3.99 million stock trades on the domestic stock exchange today. A total of 60.85 billion shares were traded with a total transaction value of Rp45.50 trillion.

A total of 753 stocks closed lower today, while 37 stocks rose and 16 remained stagnant.

Emitent codes DSSA, CDIA, and DFAM became top losers after each plummeting 15%.

Meanwhile, today's top gainers were WAPO, which soared 34.04%, followed by STAR and BOGA, which each rose 24.80% and 24.74%.

In contrast to the IHSG, Asian stock markets tended to be in the green this afternoon. The Nikkei Index rose 0.04% to 53,358.71; the Hang Seng Index rose 2.58% to 27,826.91; the Shanghai Composite Index rose 0.27% to 4,151.24; while the Strait Times Index fell 0.28% to 4,909.34.