IHSG Today: Jakarta Composite Falls 0.40% to 5,105 as Rupiah Weakens Against the Dollar
Indonesia's Jakarta Composite fell 0.40% to 5,105 on Wednesday while most Asian peers rose, and the rupiah weakened against the dollar.
Indonesian stocks finished Wednesday lower. The Jakarta Composite Index (IHSG) fell 0.40% to 5,105.3, while the LQ45 blue-chip gauge slipped 0.41% to 524.9. The decline came on a day when most other Asian markets closed higher and the rupiah drifted weaker against the dollar.
Indonesia was one of the few laggards in the region. Tokyo's Nikkei 225 rose 1.31% to 61,248.6, Shanghai added 0.54% to 3,680.6 and Singapore's Straits Times gained 0.70% to 5,295.3. Hong Kong's Hang Seng moved the other way, losing 0.54% to 24,315.9. Sydney's ASX 200 rose 0.27% to 9,153.2.
Rupiah and the dollar
The rupiah slipped as the dollar firmed globally. USD/IDR rose 0.15% to 18,158.7, while the Dollar Index gained 0.20% to 102.43. The US 10-year Treasury yield ended Tuesday at 4.98%, after Wall Street closed lower: the S&P 500 fell 0.38% and the Nasdaq 0.74%.
Higher US yields and a stronger dollar tend to be a headwind for emerging-market currencies and equities, and the rupiah's move fits that pattern. The Jakarta market's decline, however, was smaller than the swings seen in some individual stocks.
Movers on the IDX
Trading beneath the index was uneven. Rukun Raharja (RAJA) jumped 15.88% to 540, the biggest gain among the tracked movers. Energi Mega Persada (ENRG) climbed 9.82% to 615, and Mayora Indah (MYOR) rose 3.61% to 1,435.
On the downside, Barito Pacific (BRPT) lost 5.49% to 775. Coal producer Indo Tambangraya Megah (ITMG) fell 5.15% to 23,475, and Bumi Resources Minerals (BRMS) dropped 4.58% to 292. Resource-linked names were prominent among the decliners.
The longer view
Over the past year the index has traded between a low of 4,904.3 and a high of 9,134.7, so Wednesday's close sits much nearer the bottom of that range. The LQ45 range over the same period runs from 488.5 to 893.1, and it too is trading in the lower part of that band.
Commodities were mixed during the Asian afternoon. Spot gold gained 0.69% to $4,058.39 an ounce after a sharp drop on Tuesday, silver jumped 3.35% to $52.94 and copper rose 1.28% to $6.31 a pound. For a market with heavy weighting in coal, metals and energy, the direction of raw-material prices remains a key swing factor.
Regional context
Elsewhere in Asia, Singapore's market was led by Venture Corporation, which rose 5.98%, while Hong Kong's electric-vehicle names split: Li Auto gained 4.63% and XPeng 2.89%, but BYD lost 3.82%. Our ASX report covers the Sydney session in more detail.
European markets were firmly higher in early trading. The DAX gained 1.04%, the CAC 40 rose 0.70% and London's FTSE 100 added 0.58%. The VIX volatility gauge eased 3.91% to 18.7, a sign that nervousness has cooled somewhat since the start of the week.
What to watch next
Attention turns to how the rupiah behaves against the dollar and whether the US yield keeps pressing higher. In the United States, Cisco and Applied Materials are due to report after the close on Thursday, and Nvidia reports on Tuesday, 17 November, with Walt Disney and Home Depot reporting that morning. Those results will shape sentiment in technology shares when Jakarta reopens, even though the IHSG itself has limited direct exposure to them.
For Indonesian investors, the next sessions will show whether Wednesday's dip is a pause or the start of renewed pressure after the index's recent attempt to hold above the 5,000 mark. Data on the focus assets can be followed on our IHSG page.
Markets at a glance
| Market | Last | Change | % Change |
|---|---|---|---|
| IHSG | 5,105.28 | −20.45 | −0.40% |
| LQ45 | 524.90 | −2.16 | −0.41% |
| Nikkei 225 | 61,249 | +789 | +1.31% |
| Hang Seng | 24,316 | −133 | −0.54% |
| Shanghai Comp. | 3,680.64 | +19.85 | +0.54% |
| Straits Times | 5,295.29 | +36.70 | +0.70% |
| USD/IDR | 18,159 | +27 | +0.15% |
| Gold (spot) | 4,058.39 | +27.97 | +0.69% |
Data as of 11 Nov 2026, 16:15 WIB (09:15 GMT). Source: JournalArta Markets (Yahoo Finance, Twelve Data); some exchange data may be delayed up to 15 minutes. Follow live prices on JournalArta Markets. This article is for information only and is not investment advice.
