Facing Risk of Becoming a "Standalone Market," IHSG Plummets 11% (Friday, October 16, 2026)
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The Indonesia Composite Stock Price Index (IHSG) plummeted 11.57% to 5,185.10 at the close of trading on Friday (16/10/2026).
The IHSG fell after global stock index provider MSCI opened a discussion to change the status of the Indonesian stock market from an emerging market to a standalone market.
MSCI assigns the standalone market status to capital markets that are deemed to have experienced serious declines in accessibility, size, and market liquidity.
"MSCI considers Indonesia's continued classification as an emerging market no longer appropriate," said MSCI, quoted from Katadata.co.id, Friday (16/10/2026).
However, this discussion is still in the consultation phase and has not yet become a final decision.
MSCI is giving market participants the opportunity to respond until April 30, 2027, while the final decision will be announced no later than June 30, 2027.
Following MSCI's announcement, all 11 stock sectors in the IDX-IC Sectoral Index were corrected.
The basic materials sector fell the most by 13.37%, followed by the healthcare and infrastructure sectors, which each fell by 13.16% and 13%, respectively.
According to RTI Business data, today's domestic stock trading frequency reached 2.13 million transactions, with a total of 68.61 billion shares changing hands and a total transaction value of Rp32.01 trillion.
A total of 775 stocks closed lower today, 10 stocks stagnated, and 10 stocks strengthened.
A total of 28 issuers became top losers after plummeting by 15%, including APIC, BBKP, BELI, BFIN, BHIT, BLTZ, BMAS, BSBK, ESIP, ESSA, FUJI, FWCT, GPSO, HRTA, INET, KBAG, MERI, MSIN, NTBK, PANI, PGAS, ROCK, SIPD, SMGR, SOSS, SQMI, SRAJ, and VKTR.
Meanwhile, the top gainer issuers were BSWD, which soared 25%, followed by ABDA, which rose 24.93%, and TRUK, which strengthened by 24.81%.
Unlike the IHSG, Asian stock markets tended to strengthen this afternoon. The Nikkei Index rose 1.39% to 65,324.29; the Hang Seng Index rose 0.52% to 24,186.83; the Shanghai Index rose 0.24% to 3,716.28; and the Strait Times Index rose 0.22% to 5,414.53.
"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."
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| Name | Value | % | |
|---|---|---|---|
| Inflasi yoy (Sep) | 3,28% | +0.09 | |
| Inflasi mom (Agu) | 0,21% | +0.35 | |
| Economic growth | 5,11% | +0.08 | |
| Pertumbuhan ekonomi (yoy) (Q1) | 5,61% | +4.08 | |
| Persentase kemiskinan (Mar) | 8,07% | -0.18 | |
| Gini rasio (Sem2) | 0,38 | 0.00 | |
| Nilai Tukar USDIDR | 18.037 | +0.01 | |
| PDB ADHK (Q2) | 3.576,20 | +3.73 | |
| Ekspor Migas (Agu) | 992,20 | +25.98 | |
| Neraca perdagangan (Agu) | 3,55 | +2,814.03 | |
| Impor Migas (Agu) | 3,53 | -6.37 | |
| Ekspor (Agu) | 26,61 | +1.51 | |
| Impor (Agu) | 23,06 | -11.63 | |
| Kunjungan Wisman (Agu) | 1,60 | +4.89 | |
| NTP (Jul) | 116,16 | +1.32 |
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