Stock Market Recap: JCI Weakens 4.73%, Capitalization Falls

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February 8, 2026 | 07:01 pm

TEMPO.CO, Jakarta - The Indonesia Stock Exchange (IDX) recorded a 4.73 percent decrease in the Jakarta Composite Index (JCI) this week, closing at 7,935.26 on Friday, February 6, 2026. Meanwhile, the previous week, the IHSG closed at 8,329.6.

IDX's Acting Corporate Secretary Alit Nityaryana stated that foreign investors had a net buy value of Rp944.31 billion during the trading period of February 2-6, 2026. "And throughout 2026, it recorded a net sale value of Rp11.02 trillion," Alit said in an official statement quoted on Sunday, February 8, 2026.

IDX noted that the market capitalization decreased by 4.69 percent this week to Rp14,341 trillion from Rp15,046 trillion the previous week. Meanwhile, the average daily transaction frequency decreased by 28.62 percent, dropping from 3.82 transactions last week to 2.72 million transactions.

Furthermore, the daily exchange volume this week declined by 31.75 percent to 43.2 billion shares from 63.3 billion shares the previous week. "The average daily transaction value at IDX also experienced a change of 43.45 percent to Rp24.75 trillion, from Rp43.76 trillion the previous week," said Alit.

On Friday afternoon, February 6, 2026, the JCI closed lower at 7,935.26. This decrease aligns with Moody's downgrade of Indonesia's debt outlook from stable to negative.

"The negative sentiment comes from the downgrade of the Indonesian government's debt outlook, which has turned negative, although the debt rating remains stable at the Baa2 level (investment grade)," said Ratna Lim, Head of Research at Phintraco Sekuritas, in Jakarta, Friday, February 6, 2026, as quoted from Antara.

Next week, Ratna said that from the domestic perspective, market participants will pay attention to the release of consumer confidence data, retail sales data, and data on motorcycle and car sales.

Read: Danantara Urged to Clarify Indonesia's Fiscal Policy to Moody's

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