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#Jakarta Composite Index

3 stories tagged Jakarta Composite Index, newest first.

Friday, November 6, 2026

Indonesia's richest tycoons have lost $57 billion this year as MSCI downgrade fears crushed stocks: Prajogo, the Hartonos and Low Tuck Kwong
Five of Indonesia's richest tycoons and their families have lost almost $57 billion since January as the stock index fell 38 percent on MSCI downgrade warnings. Prajogo Pangestu lost over 60 percent; Low Tuck Kwong's fortune halved.
Market Authority7 min read

Thursday, November 5, 2026

DBS says "no truth" to a social media rumour that BCA would absorb its Indonesian unit, after BCA shares jumped 7 percent
A social media rumour that Bank Central Asia would absorb PT Bank DBS Indonesia sent BCA shares up 7 percent before DBS said there was "no truth" to it. It is the second takeover rumour around BCA, and a lesson in rumour driven markets.
Strategic Communication7 min read

Friday, October 30, 2026

Indonesia hits Sinar Mas and Prajogo-linked stocks with record 117 million dollar fines, as Prabowo tells MSCI "we fear no one"
Indonesia's OJK fined parties linked to DSSA, BREN and CUAN a record 2.1 trillion rupiah, about 117 million dollars, for manipulation and IPO violations, as MSCI weighs demoting Indonesia and the JCI sits 38 percent down this year.
APAC Briefing7 min read