IDX Composite falls 3.6 percent as MSCI fears deepen
Published on 10/19/2026 at 13:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSMSCI pressure and market breadth
- The IDX Composite closed at 4,997 points, down 188 points or 3.6 percent on October 19, 2026.
- MSCI's standalone-market proposal intensified selling after a 11.6 percent drop on October 16.
- Tempo Inti Media was the top gainer, rising 28.0 percent, while Bumi Teknokultura fell 25.0 percent.
- Bank Indonesia is expected to hold its 5.75 percent policy rate on October 21, 2026.
The IDX Composite closed at 4,997 points on October 19, 2026, down 188 points or 3.6 percent. CNBC Indonesia said MSCI's proposed standalone-market status continued to drive the selloff.
Tempo Inti Media rose 28.0 percent, leading the session's gainers. The move came as the broader market remained under heavy pressure, with 656 stocks declining and 100 advancing, iNews reported.
Why did the IDX Composite fall?
MSCI is considering moving Indonesia from emerging-market status to standalone status. The proposal could restrict access to major global benchmarks and trigger further foreign outflows.
The Indonesia Stock Exchange lowered the daily stock-price down limit to 7 percent from 15 percent through December 31. Reuters said the measure was intended to slow the market's record selloff.
Winners and losers in the IDX Composite
Full-session winners and losers at the Jakarta close were listed by iNews:
- Mitra Komunikasi Nusantara up 100.0 percent
- Tempo Inti Media up 28.0 percent
- Pudjiadi & Sons up 25.0 percent
- Bumi Teknokultura Unggul down 25.0 percent
- Express Transindo Utama down 25.0 percent
- Abadi Nusantara Hijau Investama down 10.0 percent
IDX Composite range and breadth
The index opened at 4,962 points and traded between 4,907 and 5,013 points. All sectors declined, led by basic materials, which fell 4.6 percent, while infrastructure dropped 4.5 percent.
The IDX Composite recovered from its intraday low but finished below 5,000 points. Trading value reached IDR 24.97 trillion, while 656 stocks fell and 100 rose, Kompas reported.
What comes next for Indonesia
- October 21, 2026: Bank Indonesia is expected to keep its 7-day reverse repurchase rate at 5.75 percent, according to a Reuters poll.
- April 30, 2027: MSCI's consultation on Indonesia's market classification is scheduled to close.
- June 30, 2027: MSCI's final decision on Indonesia's classification is due.
IDX Composite price data for October 19, 2026
The IDX Composite closed at 4,997 points on October 19, 2026, down 188 points or 3.6 percent versus the previous close of 5,185 points, Kompas reported. It opened at 4,962 points and reached a high of 5,013 points and a low of 4,907 points.
IDX Composite by the numbers on October 19, 2026
- Index: IDX Composite
- Home exchange: Indonesia Stock Exchange, Indonesia
- Close on October 19, 2026: 4,997 points
- Change versus previous close of October 16, 2026: down 188 points (down 3.6 percent)
- Previous close: 5,185 points
- Open: 4,962 points
- Day high / day low: 5,013 points / 4,907 points
- Top gainer: Mitra Komunikasi Nusantara up 100.0 percent
- Top loser: Bumi Teknokultura Unggul down 25.0 percent
