MARKET REVIEW
The JCI plunged 11.57% to 5,185 as MSCI’s proposed reclassification of Indonesia to Standalone Market status triggered concerns over future global fund allocations. The opening selloff prompted a trading halt, but pressure persisted after trading resumed. BBCA, BBRI and BMRI were the largest index drags, while basic materials and infrastructure also fell sharply.
Asian equities broadly advanced, contrasting with Indonesia’s selloff. South Korea’s KOSPI gained 2.05%, Japan’s Nikkei rose 1.39% and Australia’s ASX 200 added 1.00%. Hong Kong’s Hang Seng climbed 0.52%, while the SET in Thailand slipped 0.18%.
European markets opened modestly higher overall, with the Stoxx 600 up 0.13%. Germany’s DAX gained 0.44% and France’s CAC 40 rose 0.33%, while the FTSE 100 was broadly flat, edging down 0.01% in early trading.
NEWS HIGHLIGHTS
- BEI – Halts Trading After Opening Plunge
- OJK – Fines Three Issuers IDR 2.1tn
- Domestic – Pertalite Stocks Fall Below 20 Days
- Plantation Sector – Salim Firms Report Limited Fire Impact
- BMRI – Clarifies Jhonlin Loan Collateral
- EAST – Nine-Month Profit Rises 8.63%
- IFSH – Denies Protected Forest Damage
- PRDA – Plans 1:5 Stock Split
- UNTR – Fire Haze Leaves Production Targets Intact
- WTON – New Contracts Reach IDR 3.1tn
Regards, Aldiracita Research
