The Composite Stock Price Index (IHSG) opened up 76 points or 0.93 percent at 8,308 on Friday, January 30, 2026, following a sharp drop the previous day due to concerns over the MSCI announcement. Analysts predict ongoing fluctuations though the index holds above key support levels. Financial authorities responded with new policies to enhance market transparency.
On the opening of trading Friday, January 30, 2026, the IHSG rose 76 points or 0.93 percent to 8,308, after closing down 1.06 percent at 8,232.20 the previous Thursday. The decline was triggered by investor concerns over the Morgan Stanley Capital International (MSCI) announcement regarding free float and stock transparency in Indonesia, leading to a trading halt at 09:26 WIB when the IHSG plunged 8 percent to 7,654.66 before partially recovering in the afternoon session due to bargain hunting and positive responses to authority policies. Head of Research at Phintraco Sekuritas, Ratna Lim, stated, “After reopening, the IHSG weakened further initially, but then bargain hunting occurred, reducing the decline.” The Financial Services Authority (OJK) and Indonesia Stock Exchange (BEI) plan to revise the minimum free float requirement from 7.5 percent to 15 percent starting February 2026, applicable to new and listed issuers, with an exit policy for non-compliant ones. Additionally, BEI will adjust proposals to MSCI on free float transparency, the government targets demutualization regulations for BEI in Q1 2026, and OJK will provide Ultimate Beneficial Owner (UBO) data for IDX100 constituents. Head of Retail Research at PT BNI Sekuritas, Fanny Suherman, predicts the IHSG may fluctuate today but remains safe above 8,050, with support at 8,050-8,100 and resistance at 8,300-8,400. Analyst at Binaartha Sekuritas, Ivan Rosanova, forecasts a limited rebound in wave (b), with support at 7,762 and resistance up to 8,359. The non-primary consumer goods sector fell the most at 4.78 percent on Thursday, while transportation and logistics rose 0.36 percent. Thursday's trading volume reached 99.10 billion shares worth Rp68.17 trillion, with 214 stocks up and 521 down. Asian markets showed slight gains, such as Nikkei 225 up 0.03 percent and Kospi 0.98 percent.
