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The Composite Stock Price Index (IHSG) fell by 1.89% to 5,873.37 at the close of trading on Wednesday (8/7/2026).
The decline occurred following the announcement by index provider S&P Dow Jones Indices (DJI) that it has placed Indonesia on a watchlist for a potential downgrade from emerging market to frontier market status.
In its announcement, S&P DJI noted that the risk relates to transparency issues in the domestic market.
"Based on S&P DJI's Country Classification Methodology, if this issue remains unresolved one calendar year after the implementation of special measures, Indonesia's market classification will be reassessed in the subsequent annual review," S&P DJI said in its official announcement, as reported by Katadata.
Based on the IDX-IC Sector Index, 10 out of 11 domestic stock sectors corrected today.
The commodities sector fell the most, by 4.35%, followed by the property sector and the non-primary consumer goods sector, which declined by 2.68% and 2.50% respectively.
However, one sector strengthened, namely the healthcare sector, which rose by 1%.
According to RTI Business data, today's domestic stock trading frequency reached 1.97 million transactions, with a total of 22.49 billion shares changing hands, and a transaction value of Rp10.53 trillion.
A total of 482 stocks closed lower today, 191 stocks rose, and 116 stocks remained stagnant.
Today's top losers were BAPA, which plummeted by 14.98%, followed by BIPP, which fell by 14.29%, and LAND, which corrected by 14.29%.
On the other hand, the top gainer was JECX, which soared by 25%, followed by JELI, which rose by 24.89%, and MMIX, which strengthened by 24.51%.
Asian stock markets closed mixed today. The Nikkei Index fell by 2.11% to 66,819.05; the Hang Seng Index rose by 2.99% to 24,199.46; the Shanghai Composite Index declined by 0.49% to 3,970.88; and the Strait Times Index rose by 0.51% to 5,369.57.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
Related Data
Market Data
| Name | Value | % | |
|---|---|---|---|
| Inflasi yoy (Jun) | 3,34% | +0.26 | |
| Inflasi mom (Jun) | 0,44% | +0.16 | |
| Economic growth | 5,11% | +0.08 | |
| Pertumbuhan ekonomi (yoy) (Q1) | 5,61% | +4.08 | |
| Persentase kemiskinan (Des) | 7,50% | -0.75 | |
| Gini rasio (Sem2) | 0,38 | 0.00 | |
| Nilai Tukar USDIDR | 17.994 | +0.03 | |
| PDB ADHK (Q1) | 3.447,70 | -0.77 | |
| Ekspor Migas (Mei) | 758,10 | -34.38 | |
| Neraca perdagangan (Mei) | -1,61 | -1,907.18 | |
| Impor Migas (Mei) | 4,51 | -1.82 | |
| Ekspor (Mei) | 23,20 | -8.30 | |
| Impor (Mei) | 24,81 | -1.59 | |
| Kunjungan Wisman (Mei) | 1,38 | +10.69 | |
| NTP (Jun) | 114,65 | +0.76 |