The Jakarta Composite Index (IHSG) concluded its first trading session on Tuesday, April 21st, in negative territory, reflecting a downturn in the Indonesian stock market. According to data from RTI Business, the benchmark index experienced a decline of 0.59 percent, settling at 7,549.407 points.
Despite the index’s dip, market activity remained robust. A substantial transaction value of Rp 9.81 trillion was recorded, with a trading volume reaching 24.29 billion shares executed across 1.57 million transactions. In a contrasting move, the Indonesian rupiah demonstrated strength against the US dollar. Based on Bloomberg data, the rupiah appreciated by 28 points, or 0.16 percent, to close at Rp 17,140 per US dollar, providing a positive counterpoint to the equity market’s performance.
A notable development impacting Indonesian securities emerged with MSCI’s confirmation regarding its May 2026 Index Review. MSCI has affirmed its commitment to maintaining previously implemented policies for Indonesian equities. These measures are significant as they include a freeze on increases to Foreign Inclusion Factors (FIF) and Number of Shares (NOS), thereby preventing the addition of new shares to the MSCI Investable Market Indexes (IMI). Furthermore, MSCI will not proceed with any upgrades in index classifications based on size, meaning no reclassifications from Small Cap to Standard will occur.
The day’s market decline was led by several key stocks that saw significant price drops:
- POLU (Golden Flower) plummeted by 3125 points (14.95 percent) to close at 17,775.
- DSSA (Dian Swastatika Sentosa) fell by 430 points (13.15 percent), ending at 2,840.
- BREN (Barito Renewables Energy) experienced a decrease of 475 points (7.20 percent) to 6,125.
- BIKE (Sepeda Bersama Indonesia) dropped 35 points (6.36 percent) to settle at 515.
- NTBK (Nusatama Berkah) declined by 5 points (5.95 percent), closing at 79.
Across the broader Asian region, stock markets presented a mixed performance, indicating varied investor sentiments:
- Japan’s Nikkei 225 Index climbed 1.27 percent to 59,574.20.
- The Hang Seng Index in Hong Kong edged up 0.13 percent to 26,394.86.
- China’s SSE Composite Index experienced a slight dip, falling 0.24 percent to 4,072.39.
- Singapore’s Straits Times Index gained 0.21 percent, reaching 5,014.47.