The Indonesia Composite Index (IHSG) reversed course and moved into negative territory during the first trading session on Wednesday (24 June 2026), falling back to the 6,000 level after opening with gains.

According to RTI Business data, the IHSG declined 1.62% to 6,002.20 by the close of the first session. Earlier in the day, the benchmark index had risen to an intraday high of 6,171.38.

Trading volume reached 12.23 billion shares, with a total transaction value of Rp6.73 trillion. Meanwhile, overall trading frequency amounted to 1,045,975 transactions.

In line with the broader market weakness, the LQ45 index also fell 1.45% to 589.763 by the end of the first session. During the period, 426 stocks declined, 201 stocks advanced, and 178 stocks remained unchanged.

By the close of the first session, banking stocks were uniformly trading lower. Shares of PT Bank Mandiri (Persero) Tbk (BMRI) dropped 2.43% to Rp4,020 per share, while PT Bank Negara Indonesia (Persero) Tbk (BBNI) fell 2.04% to Rp3,360 per share.

Likewise, PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) lost 1.72% to Rp2,860 per share, and PT Bank Central Asia Tbk (BBCA) declined 0.41% to Rp6,100 per share.

It is worth noting that MSCI decided on the same day to maintain Indonesia’s capital market classification as an Emerging Market. Within the Asia-Pacific region, Indonesia remains grouped alongside the capital markets of China, India, South Korea, Malaysia, the Philippines, Taiwan, and Thailand.

In its announcement, MSCI also acknowledged a number of capital market reforms implemented by Indonesia’s Self-Regulatory Organizations (SROs). These reforms include enhanced disclosure requirements for shareholders owning more than 1% of a company’s shares, more detailed investor classifications, the implementation of the High Shareholding Concentration (HSC) framework, and an increase in the minimum free float requirement to 15%.

Nevertheless, MSCI noted that concerns among global institutional investors regarding the investability of Indonesia’s capital market still persist. These concerns relate to share ownership structures and indications of coordinated trading practices.

MSCI stated that both issues significantly restrict investors’ ability to accurately assess the actual free float available in the market and to rely on observable market prices when constructing portfolios and replicating index benchmarks.