RRI.CO.ID, Jakarta: The Indonesia Stock Exchange (IDX) imposed another trading halt on the Jakarta Composite Index (JCI) during trading on Thursday, January 29, 2026, at 09:26 on the Jakarta Automated Trading System (JATS). The Indonesian Coordinating Minister for Economic Affairs Airlangga Hartarto considered this trading halt a momentum for regulatory reform in the capital market.

“We are looking at best practices, and we are following them, because it is already scheduled and there have been discussions with Morgan Stanley Capital International (MSCI) previously,” said Minister Airlangga after the Central Inflation Control Team Coordination Meeting in Jakarta on Thursday, January 29, as quoted by Antara.

Minister Airlangga said that he had discussed this market volatility with Bank Indonesia (BI), the Financial Services Authority (OJK), and the Ministry of Finance. The discussion emphasized the need for regulatory reform in the capital market.

“That's why I said earlier that we will ask the exchange to reform the regulations,” said Minister Airlangga.

He added that the OJK would provide further information. For the information, IDX imposed a trading halt after JCI weakened by 665.89 points or 8.00 percent to 7,654.66. Trading then resumed at 09:56 JATS, with no changes to the session schedule.

The JCI plummeted after Morgan Stanley Capital International (MSCI) announced a temporary halt to the rebalancing of Indonesian stocks. In addition to the impact of MSCI's announcement, global financial institution Goldman Sachs also downgraded Indonesia's stock rating to underweight.

This policy triggered a sell-off in stocks, leading to foreign capital outflows of IDR 6.12 trillion (USD 364.66 million). The stocks with the highest foreign sales were BBCA, BMRI, BBRI, TLKM, and ANTM.

Indonesian Minister of Finance Purbaya Yudhi Sadewa assessed that today's JCI depreciation was caused by the market's shock at MSCI's announcement. “Don't be afraid, the JCI will rise again because our economic fundamentals are good,” said Minister Purbaya. ***