JCI Plummets 2% due to Concerns About Indonesia's Debt Rating (Friday, February 6, 2026)

The Jakarta Composite Stock Price Index (JCI) or IHSG fell by 2.08% to 7,935.26 at the close of trading on Friday (February 6, 2026).

According to Phintraco Securities' Head of Research, Ratna Lim, the decline in the IHSG today was influenced by the policy of global credit rating agency Moody's, which recently downgraded Indonesia's debt rating outlook.

"The negative sentiment stems from the downgrade of Indonesia's government debt rating outlook to negative, although the debt rating remains stable at Baa2 (investment grade)," said Ratna Lim, as reported by Antara (February 6, 2026).

Based on the IDX-IC Sector Index, 10 out of 11 stock sectors corrected today. The non-primary consumer goods sector fell the most, by 5.11%, followed by the industrial and energy sectors, which each dropped by 4.51% and 3.25%.

Meanwhile, only one stock sector rose, namely the transportation sector, which climbed by 0.53%.

According to RTI Business data, today's domestic stock trading frequency was 2.25 million transactions, with a total of 35.58 billion shares changing hands, and a transaction value of Rp19.71 trillion.

A total of 646 stocks closed lower today, while 107 stocks rose and 68 remained stable.

The stock with the largest loss was PADI, which plummeted by 15%, followed by PIPA, which fell by 14.94%, and ARKO, which tumbled by 14.93%.

Meanwhile, the top gainer today was NZIA, which soared by 34.78%, followed by ELPI and LION, which each rose by 24.82% and 24.49%.

In line with the IHSG, the majority of Asian stock markets ended in the red today. The Hang Seng Index fell by 1.21% to 26,559.95; the Shanghai Index dropped by 0.25% to 4,065.58; the Strait Times Index declined by 0.83% to 4,934.41; while the Nikkei Index rose by 0.81% to 54,253.68.