Jakarta Composite Index Climbs to 6,210 After MSCI Rebalancing

RRI.CO.ID, Jakarta – The Jakarta Composite Index (IHSG) opened higher on Tuesday, June 2, 2026. At the start of the trading session, the index was in positive territory at 6,210.

This position marked an increase of about 82.62 points, or 1.35 percent, compared to the closing level on Friday, May 29, 2026, at 6,127.38. The rebound came as selling pressure began to ease following MSCI’s end‑May rebalancing.

Capital market analyst Hendra Wardana noted that the future direction of the IHSG will not be determined solely by the fading foreign sell‑off linked to Morgan Stanley Capital International's (MSCI) rebalancing. He emphasized that the market now needs greater clarity and consistency in government economic policy.

“Investors, especially foreign investors, are essentially looking for certainty. When the government can provide clear policy direction, market confidence will rise,” he told RRI on Tuesday.

Hendra explained that clarity is crucial in areas such as fiscal management, regulatory stability, downstream industry strategy, and support for the investment climate. Such conditions, he said, could reduce Indonesia’s risk perception and reopen the door for foreign capital inflows into the domestic stock market.

He also highlighted the rupiah’s continued weakness. With the U.S. dollar hovering around IDR 17,870, global investors remain cautious toward Indonesian assets.

“For foreign investors, a weaker rupiah not only erodes potential equity returns but also heightens currency risk,” he said. As a result, many global investors prefer to wait for more convincing signs of rupiah stabilization.

From a technical perspective, the end of MSCI’s rebalancing has indeed created room for a rebound. “However, market gains are likely to unfold gradually, as both global and domestic challenges persist,” he added.

Hendra cautioned that investors should remain alert to the possibility of further corrections if rupiah pressure and foreign fund outflows continue. In such a scenario, the IHSG could retest a strong support level around 5,880.

Even so, he believes that deeper market corrections could also pave the way for recovery. Many fundamentally strong stocks, he noted, are now trading at valuations well below their historical averages. (Gusti Panji)