IDX Composite closes 0.40% higher at 5,050.42 despite broad sector losses
Published on 11/06/2026 at 18:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSIDX Composite ends week higher
- The IDX Composite closed at 5,050.42 on Friday, November 6, 2026, up 0.40 percent from Thursday.
- Financials and non-cyclical consumer goods gained, while technology fell 3.16 percent.
- The advance came despite broad weakness across Asian markets and a sharp global technology sell-off.
- Trading breadth remained negative, with 381 stocks declining against 192 advancers.
The IDX Composite finished Friday, November 6, 2026, at 5,050.42, up 20.16 points or 0.40 percent from Thursday's close of 5,030.26. The gain came after a volatile week for Indonesian equities and despite renewed pressure on technology stocks across global markets.
Financials offset broad sector weakness
According to Katadata, only two of the 11 IDX-IC sectoral indices advanced. Financials rose 1.52 percent and non-cyclical consumer goods gained 0.83 percent. Technology was the weakest sector, falling 3.16 percent, followed by basic materials at minus 2.46 percent and infrastructure at minus 1.17 percent.
Kontan reported 47.15 billion shares traded, with transaction value of Rp9.97 trillion. Market breadth was weak: 381 stocks closed lower, 192 rose and 141 were unchanged. Within the LQ45 index, AKR Corporindo, Unilever Indonesia and Sumber Alfaria Trijaya were among the leading gainers, while Japfa Comfeed, Barito Pacific and Hartadinata Abadi were among the largest decliners.
Global technology sell-off remains a risk
The day's resilience contrasted with sharp losses in several major Asian benchmarks. Katadata cited declines of 5.96 percent for Japan's Nikkei, 1.27 percent for Hong Kong's Hang Seng, 1.10 percent for Shanghai and 2.21 percent for Singapore's Straits Times.
The backdrop was a broad retreat from technology shares. The Jakarta Post, carrying Reuters, reported that the Nasdaq had fallen 5.5 percent amid concerns that tighter scrutiny after the US midterm elections could slow artificial-intelligence investment and data-centre construction. The Philadelphia Semiconductor Index fell 12.2 percent overnight, adding to pressure on Asian technology shares.
Before the session, IDNFinancials said analysts saw Wall Street's technology sell-off as a negative sentiment factor, while stronger gold and nickel prices and easing foreign selling offered potential offsets. The same report noted that Indonesia's third-quarter economic growth had exceeded market expectations and that disclosure changes ahead of the MSCI review remained in focus.
Recovery remains selective
Friday's close therefore showed a selective recovery rather than a broad-based rally. Financial shares supplied enough support to lift the benchmark, but the negative breadth and technology-led sector losses underscored the market's sensitivity to global risk appetite. Investors will continue to weigh domestic reform and growth signals against overseas technology and capital-flow risks.
Further coverage is available on the IDX Composite topic page.
