Jakarta stocks rise midday despite protests; rupiah weakens
The Jakarta Composite Index rose 44.59 points, or 0.7%, to 6,450 by midday Thursday, while the rupiah slipped 37 points, or 0.21%, to Rp17,762 per US dollar.
Source: The Jakarta Globe · August 27, 2026 at 9:00 AM · AI-assisted report
Single-sourceJAKARTA, KUALA LUMPUR, JAKARTA COMPOSITE INDEX, 27 AUGUST 2026 —
The Jakarta Composite Index rose 44.59 points, or 0.7%, to 6,450 by midday Thursday, while the rupiah slipped 37 points, or 0.21%, to Rp17,762 per US dollar.
Market Impact
Turnover reached Rp6.38 trillion on 18.22 billion shares traded, with gainers outnumbering decliners 466 to 145. The index moved between 6,376 and 6,456 during the session. Pilarmas Sekuritas Investindo said investors stayed cautious over demonstrations in Jakarta calling for parliament to pass the Asset Forfeiture Bill. “The market hopes the demonstrations will remain peaceful and will not disrupt economic activity or financial market stability,” Pilarmas said.
The rupiah reversed course after Wednesday’s 2-point loss, when it closed at Rp17,725 per dollar. Bank Woori Saudara analyst Rully Nova projected the rupiah would trade between Rp17,720 and Rp17,800 on Thursday, citing domestic sentiment and policy uncertainty under Bank Indonesia’s new Board of Governors.
As of midday, protests had remained orderly, allowing market activity to continue without disruption.
Related: Rully Nova