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View all search resultsIDX halts trading again as stocks plunge further
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Employees stand near a screen showing the Composite index down 8 percent at the Indonesia Stock Exchange (IDX) in Jakarta on Jan. 28, 2026. The IDX temporarily halted trading that afternoon as the benchmark index dropped to 8,261.79 points following an announcement from Morgan Stanley Capital International's (MSCI) that it would temporarily suspend the index rebalancing process for Indonesian stocks. (Antara/Dhemas Reviyanto)
T
he Indonesia Stock Exchange (IDX) Composite index has nosedived for a second day in a row due to investability flags from Morgan Stanley Capital International (MSCI), prompting another trading halt.
The automatic suspension was triggered by an 8 percent downward move of the index happening less than half an hour after the market opened on Thursday. The halt lasted for 30 minutes.
“The IDX undertook [the halt] to keep stock trading in order, reasonable and efficient,” read a statement released by the IDX during the halt.
The bourse took the same measure on Wednesday after the benchmark index had nosedived by the same amount, erasing gains it had made since early November.
The Financial Services Authority (OJK) has announced a media briefing for 1 p.m. on Thursday.
MSCI announced on Tuesday a temporary freeze on several Indonesian stock indexes with immediate effect due to what it deems inadequate transparency around listed Indonesian companies, meaning changes to the underlying stocks will not be reflected in its global benchmarks.
Read also: IDX plunges after MSCI warning about RI stocks
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