TEMPO.CO, Jakarta - The Jakarta Composite Index (JCI) weakened by 0.25 percent to 6,101 on Tuesday afternoon, June 23, 2026. A total of 282 stocks rose, 373 fell, and 160 remained unchanged. The market capitalization recorded Rp 10.711 trillion today.
The LQ45 index also weakened by 0.13 percent. A research team from Pilarmas Investindo Sekuritas stated that the dominant stocks contributing to the index's rise included KLBF, MBMA, BRPT, DEWA, and CUAN. Meanwhile, the stocks leading the decline included INCO, PTBA, MDKA, BBTN, and MEDC.
According to Pilarmas, the movement of JCI was partly influenced by news of several major Japanese automotive manufacturers potentially relocating their factories from Indonesia to Vietnam. "Meanwhile, the global index provider Morgan Stanley Capital International (MSCI) is scheduled to conduct a review this week regarding the possible downgrade of Indonesia's capital market status to a frontier market, which could trigger a significant outflow of foreign capital," they said in their analysis on Tuesday, June 23, 2026.
The MSCI sentiment also contributed to the weakening of the rupiah exchange rate, which closed 16 points lower at Rp17,859 per US dollar. Director of Traze Andalan Futures, Ibrahim Assuaibi, stated that market participants are awaiting the results of the MSCI evaluation. He mentioned that the market was pressured after MSCI lowered the rating for Indonesia's information flow last week.
"Furthermore, the market continues to monitor a series of issues affecting several manufacturing companies, from production halts, employee layoffs, delayed salary payments, to investment relocation to other countries, which is seen as a signal of the declining competitiveness of the national manufacturing industry," Ibrahim said in a written statement on Tuesday, June 23, 2026.
Read: JCI and Rupiah Close Lower on Monday, What's Behind It?
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