IDX Composite closes 11.6 percent lower on MSCI threat
Published on 10/16/2026 at 18:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSMSCI pressure and market breadth
- IDX Composite closed at 5,185 points on October 16, down 678.67 points or 11.6 percent.
- MSCI's proposed standalone-market classification drove the selloff after a consultation announcement.
- BSWD was the top gainer, rising 25.0 percent, while 28 stocks fell 15.0 percent.
- MSCI will accept consultation feedback until April 30, 2027, before its scheduled decision by June 30.
IDX Composite closed at 5,185.11 points on October 16, down 678.67 points or 11.57 percent. The selloff followed MSCI's proposal to consider moving Indonesia from emerging-market to standalone status, Reuters reported.
After the close, Danantara CEO Rosan Roeslani described the sharp correction as an opportunity for long-term investment. He cited banking, infrastructure and telecommunications stocks, ANTARA reported.
Why did the IDX Composite fall 11.6 percent?
MSCI said persistent concerns about ownership transparency, market access and suspected coordinated trading no longer supported emerging-market status. The consultation will run until April 30, 2027, with a final decision due by June 30, 2027, Reuters reported.
The opening decline exceeded 8 percent and triggered a 30-minute trading halt. The benchmark then remained under pressure through the session, according to Kompas.com.
Winners and losers in the IDX Composite
At the close, 775 stocks declined, 10 advanced and 10 were unchanged. All 11 sectors fell, led by basic materials with a 13.37 percent drop, Katadata reported.
- Bank of India Indonesia up 25.0 percent, Kompas.com reports
- Asuransi Bina Dana Arta up 24.9 percent, Kompas.com reports
- Guna Timur Raya up 24.8 percent, Kompas.com reports
- Pacific Strategic Financial down 15.0 percent, Reuters reports
- Bank KB Indonesia down 15.0 percent, Kompas.com reports
- Global Digital Niaga down 15.0 percent, Kompas.com reports
IDX Composite trading range and breadth
The index opened at 5,393.92 points and reached a high of 5,404.51 points. It finished at the session low of 5,185.11 points, down from the previous close of 5,863.78 points.
Trading value reached about IDR 32 trillion, with 68.61 billion shares changing hands across 2.13 million transactions, according to Katadata.
What comes next for the IDX Composite
- April 30, 2027: Deadline for market participants to submit feedback on MSCI's proposed reclassification, Reuters reports.
- June 30, 2027: MSCI's deadline for announcing its final classification decision, Kompas.com reports.
IDX Composite price data for October 16, 2026
IDX Composite closed at 5,185.11 points on October 16, 2026, down 678.67 points or 11.57 percent from the previous close of 5,863.78 points, Kompas.com reported. The index opened at 5,393.92 points, reached a high of 5,404.51 points and touched a low of 5,185.11 points.
IDX Composite by the numbers on October 16, 2026
- Index: IDX Composite
- Home exchange: Indonesia Stock Exchange, Indonesia
- Close on October 16, 2026: 5,185 points
- Change versus previous close of October 15, 2026: down 679 points (down 11.6 percent)
- Previous close: 5,864 points
- Open: 5,394 points
- Day high / day low: 5,405 points / 5,185 points
- Top gainer: Bank of India Indonesia up 25.0 percent
- Top loser: Pacific Strategic Financial down 15.0 percent
- Next scheduled event: April 30, 2027: MSCI consultation feedback deadline
