IDX Composite closes 0.40% higher at 5,050.43 after sharp opening slide
Published on 11/06/2026 at 13:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSIDX Composite reverses early losses
- The IDX Composite closed at 5,050.43 on Friday, November 6, 2026, up 0.40 percent from Thursday.
- The index fell to 4,925.10 during the session after opening 1.48 percent lower, before recovering into the close.
- Financial stocks led the rebound, while technology and basic-materials shares remained under pressure.
- Global technology selling weighed on sentiment, but stronger Indonesian growth and stable foreign-exchange reserves offered support.
The IDX Composite reversed a sharp opening decline to finish Friday, November 6, 2026, at 5,050.43, up 20.17 points or 0.40 percent from Thursday's close of 5,030.26. The session showed a marked split between the headline index and the broader market, as most listed shares and sectors still ended lower.
According to Kompas.com, the index opened at 4,955.83, down 1.48 percent, and fell as low as 4,925.10. It recovered gradually during the session and ended at its daily high. The reversal followed a difficult start after the index had gained 2.25 percent on Thursday.
Financial shares offset technology weakness
Financial stocks provided the main support for the benchmark. The financial sector gained 1.52 percent, while the primary consumer-goods sector rose 0.83 percent, according to the same report. Technology was the biggest drag, falling 3.16 percent. Basic materials declined 2.46 percent, infrastructure lost 1.17 percent and energy fell 1.02 percent.
The breadth of trading remained weak despite the index's gain: 440 stocks declined, 231 advanced and 292 were unchanged. Trading value reached 10.31 trillion rupiah, with 46.78 billion shares changing hands. The LQ45 index rose 0.90 percent to 518.28, while the IDX30 gained 0.95 percent to 291.88.
Global technology selling remains a risk
RRI, citing Pilarmas Investindo Sekuritas, reported that weaker Asian markets and Wall Street's technology and artificial-intelligence sell-off weighed on Indonesian equities. The analysis linked the pressure to concerns that a Democratic victory in the United States midterm elections could bring tighter scrutiny of artificial-intelligence infrastructure and slow data-centre expansion. Continuing Middle East tensions and uncertainty over oil supply were additional external risks.
Domestic factors offered some counterweight. RRI reported that Indonesia's third-quarter economic growth was stronger than expected and that foreign-exchange reserves stood at 146.8 billion US dollars at the end of October, up from 146.3 billion US dollars at the end of September. Those indicators may help limit downside pressure, although the day's narrow sector leadership shows that the rebound was not broad-based.
Further coverage of the IDX Composite is available on the topic page.
