JCI Closes 1.13% Lower as Investors React to August MSCI Review
Indonesia's JCI fell 1.13% as investors reacted to MSCI's August review, with stock removals and profit-taking weighing on the market.
Indonesia's JCI index fell 1.13% to 6,301.77 on Thursday, as investors reacted to MSCI Inc.'s August 2026 index review. The LQ45 index, tracking 45 leading stocks, dropped 1.05% to 627.16. Phintraco Sekuritas Head of Research Ratna Lim attributed the decline to stocks being removed during the MSCI rebalancing and profit-taking ahead of President Prabowo's state of the nation address.
MSCI removed two Indonesian stocks from the Global Standard Indexes and moved one to the Global Small Cap Index, while nine others were removed from the small-cap index. All but one of the 11 sectors tracked by the IDX-IC fell, with basic materials, energy, and industrials recording the steepest declines. Asian markets were mostly lower, with China's central bank pledging policy support but warning of potential market shocks if monetary tightening follows substantial easing.
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