Business · Markets · 8 hrs ago
Indonesia’s stock index falls more than 1% at Thursday’s open
Indonesia’s Jakarta Composite Index opened down 1.52% at 5,247 on Thursday morning.
The index tracks shares listed on the Indonesia Stock Exchange, and hundreds of shares were lower at the open.
By 9 a.m., another account put it at 5,256, down 1.35%, showing it had moved up slightly from its opening level.
The fall follows sharp losses in recent months, with one account reporting the index was down 39.18% so far in 2026.
Analysts disagreed on the near-term outlook: one saw room for a rebound but warned of further losses, while another said a decline may continue after the index tested resistance.
One analyst said holding above 4,972 could limit the correction; a break below it could expose the index to further declines.
Investors are also watching market policy responses and broader financial conditions, but the accounts do not specify a next step for the index.
Indonesia’s Jakarta Composite Index opened down 1.52% at 5,247 on Thursday, October 22, according to CNN Indonesia.
Detik also reported an opening level of 5,247, then put the index at 5,256, down 1.35%, at 09:00 WIB.
CNN Indonesia said 535 shares fell at the open, while 75 rose and 90 were unchanged.
Analysts differed on the outlook, with one expecting possible further gains and another warning of a correction.
- Who
- Indonesia’s Jakarta Composite Index (IHSG).
- What
- The index opened more than 1% lower on Thursday.
- When
- Thursday, October 22, 2026. Reports gave opening data at about 09:00 WIB.
- Where
- Indonesia’s stock market.
- Why
- Not stated for the Thursday opening decline.
Herditya Wicaksana
Ivan Rosanova
Outlook
Herditya Wicaksana
Herditya said the index could continue strengthening, while warning of correction risk.
Ivan Rosanova
Rosanova expected a correction after the index tested resistance at 5,328.
Key level
Herditya Wicaksana
Herditya cited a potential rise to 5,407–5,458 and a correction area of 5,117–5,166.
Ivan Rosanova
Rosanova said holding above 4,972 could limit the correction; a break below it could lead to a further decline toward 4,784.
The index was reported down 1.31% at 09:35 WIB, with energy, basic materials and consumer sectors among the decliners.
Detik reported IHSG at 5,256, down 1.35%, after opening at 5,247.
CNN Indonesia reported IHSG at 5,247, down 1.52%, with a low of 5,185 and a high of 5,250.
- Opening level
- 5,247
- CNN Indonesia’s reported decline
- 80.75 points, or 1.52%
- Detik’s 09:00 WIB level
- 5,256, down 1.35%
- CNN Indonesia’s opening share count
- 535 fell; 75 rose; 90 were unchanged
- Detik’s reported transaction value
- Rp1.18 trillion
- Detik’s reported trading volume
- 2.51 billion shares
6 sources
What people are saying
In wave iv of wave (iii) of wave [v], IHSG has the potential to strengthen to 5,407–5,458, with a correction area to watch at 5,117–5,166.
As long as IHSG holds above 4,972, the correction is expected to be limited and the minor uptrend has a chance to continue. However, if it breaks that level, the index could continue its downtrend toward 4,784.