The Composite Stock Price Index (IHSG) of the Indonesia Stock Exchange (BEI) opened down 42.25 points or 0.53 percent at 7,880.47 on Tuesday morning, February 3, 2026. The market is still assessing commitments to enhance transparency by the Financial Services Authority (OJK), BEI, and Indonesia Central Securities Depository (KSEI). Analysts forecast limited weakening with support levels at 7,790-8,270.
At the opening of trading on Tuesday, February 3, 2026, the Composite Stock Price Index (IHSG) of the Indonesia Stock Exchange (BEI) fell 42.25 points or 0.53 percent to 7,880.47. Meanwhile, the LQ45 Index rose slightly by 2.89 points or 0.36 percent to 809.13.
According to Maximilianus Nico Demus, Associate Director of Research and Investment at Pilarmas Investindo Sekuritas, this weakening could be limited with support levels at 7,790-8,270 and resistance in the same range. "Based on technical analysis, we see the IHSG potentially weakening limitedly with support and resistance at 7,790-8,270. Upside potential is starting to appear, but be cautious of pullbacks," Nico stated in his analysis in Jakarta.
The market is focusing on steps by the Financial Services Authority (OJK), BEI, and Indonesia Central Securities Depository (KSEI) to boost transparency, including lowering the share ownership disclosure threshold above 1 percent and identifying beneficial owners. This is expected to address concerns from Morgan Stanley Capital International (MSCI) about hidden ownership. Nico believes these policies will strengthen credibility and global investor confidence, while providing better visibility into market structure.
Additionally, the plan to gradually raise the minimum free float to 15 percent could deepen liquidity, though it may cause short-term adjustments for certain issuers. Overall, consistent implementation could encourage medium- to long-term foreign inflows and restore MSCI's perception of Indonesia.
Some reports noted a slight variation in the opening, with one citing a 33-point drop to 7,888, but primary data from ANTARA confirms the 42.25-point decline. Analysts from BNI Sekuritas predict a potential rebound toward resistance at 8,050, while Asian markets were generally subdued despite Wall Street's gains the previous day.
