IHSG Opens Lower Ahead of MSCI Talks and Regulator Transition

RRI.CO.ID, Jakarta - Indonesia’s benchmark stock index on the Indonesia Stock Exchange (IDX) opened lower on Monday morning, February 2, 2026. 

Market participants, particularly foreign investors, adopted a wait-and-see stance ahead of a scheduled meeting between Indonesian capital market authorities and Morgan Stanley Capital International (MSCI).

The Composite Stock Price Index (IHSG) fell 70.36 points, or 0.84 percent, to 8,259.25 at the opening. Meanwhile, the LQ45 index, which tracks 45 of the most liquid stocks, rose 0.91 points, or 0.11 percent, to 834.44.

“Technically, the IHSG is expected to consolidate within the 8,150–8,600 range this week. If the index can remain above 8,600, it has the potential to continue its rebound,” Phintraco Sekuritas Head of Research Ratna Lim said in Jakarta on Monday, as quoted by Antara.

From the domestic front, Ratna said investors are closely monitoring developments in Indonesia’s capital market following the resignation of several senior officials from regulatory institutions.

The government’s swift move to appoint interim officials at the Financial Services Authority (OJK) and the IDX, along with official statements aimed at reassuring investors, is expected to help ease concerns over uncertainty. “Next, investors will be waiting for the implementation of the policies that have been announced,” Ratna said.

This week, market participants are also paying attention to the release of key economic indicators, including the manufacturing purchasing managers’ index (PMI), the trade balance, inflation, economic growth, foreign exchange reserves, and the property price index.

From abroad, Ratna noted that investors are monitoring U.S. labor market data and PMI figures, as well as the ongoing earnings season for U.S. technology and artificial intelligence stocks.

In Europe, investors are focusing on monetary policy decisions by the European Central Bank (ECB) and the Bank of England, both scheduled for this week.

On Friday, January 30, 2026, Wall Street closed lower, with the Dow Jones Industrial Average down 0.36 percent at 48,892.47, the S&P 500 slipping 0.43 percent to 6,950.30, and the Nasdaq Composite falling 1.28 percent to 25,552.39.

Asian stock markets were mixed on Monday morning. Japan’s Nikkei index rose 235.90 points, or 0.44 percent, to 53,558.80, while China’s Shanghai Composite fell 20.95 points, or 0.51 percent, to 4,096.99. Hong Kong’s Hang Seng Index declined 419.44 points, or 1.53 percent, to 26,967.66, while Singapore’s Straits Times Index gained 8.70 points, or 0.18 percent, to 4,913.83. ***