IDX Imposes Temporary Trading Halt Amid Sharp Market Drop

RRI.CO.ID, Jakarta: The Indonesia Stock Exchange (IDX) once again imposed a temporary suspension of trading (trading halt) on Thursday, January 29, 2026, after the Jakarta Composite Index (JCI) plunged by 8 percent.

The halt was triggered at 09:26:01 Jakarta Automated Trading System (JATS) time and trading resumed at 09:56:01 JATS, with no changes to the overall trading schedule.

In its official notice, the IDX explained that the measure was taken to maintain orderly, fair, and efficient trading in accordance with prevailing regulations.

At Thursday’s opening, the JCI stood at 8,027.82 and quickly moved into negative territory. This followed Wednesday’s close, when the index fell 7.35 percent, or 659.67 points, to 8,320.55.

The sharp decline was linked to MSCI’s decision to temporarily suspend the rebalancing process for Indonesian stocks, which triggered heavy sell-offs and foreign capital outflows amounting to IDR 6.12 trillion.

BNI Sekuritas reported that the stocks most heavily sold by foreign investors included BBCA, BMRI, BBRI, TLKM, and ANTM.

IDX President Director Iman Rachman urged market participants not to panic in response to MSCI’s move. He emphasized that the exchange, together with Self-Regulatory Organizations (SROs) and the Financial Services Authority (OJK), would take necessary steps to stabilize the situation.

“I ask the market to remain calm, because MSCI’s announcement does not represent the worst-case scenario,” Iman said.

Finance Minister Purbaya Yudhi Sadewa echoed the sentiment, stating that the market was merely shocked by MSCI’s announcement. “Do not be afraid, the JCI will recover as our economic fundamentals remain strong,” he assured.

Meanwhile, BNI Sekuritas projected that the JCI would continue to weaken during Thursday’s session. “The index is likely to extend its decline today, following MSCI’s announcement yesterday,” Head of Retail Research at BNI Sekuritas, Fanny Suherman, said.

Fanny added that the JCI correction target lies in the range of 8,050-8,100. “If it remains strong in that area, the JCI has the potential to rebound again,” said Fanny. (Gusti Panji/Sri Wahyuni)