February 3, 2026 | 11:14 am
TEMPO.CO, Jakarta - The Indonesia Composite Index (IHSG) weakened this morning as the market stayed on edge, dropping 42.25 points, or 0.53 percent, to 7,880.47, while the 45 leading stocks, or LQ45 Index, edged up 2.89 points, or 0.36 percent, to 809.13.
From a technical analysis perspective, Associate Director of Research and Investment at Pilarmas Investindo Sekuritas, Maximilianus Nico Demus, stated that IHSG could weaken with support and resistance at 7,790-8,270. "The potential for a rise is starting to show, so be cautious," he said in Jakarta on Tuesday, February 3, 2026, as quoted from Antara.
Domestic contributing factors come from the measures taken by the Financial Services Authority (OJK), IDX, and PT Kustodian Sentral Efek Indonesia (KSEI). These measures are expected to positively impact the Indonesian capital market, especially in enhancing the credibility and trust of global investors.
Reducing the disclosure threshold for share ownership above 1 percent and the disclosure of beneficial owners will strengthen transparency and reduce concerns regarding hidden ownership, which has been the focus of Morgan Stanley Capital International (MSCI).
"In addition, the increase in investor classifications provides better market structure visibility, supporting more accurate risk assessment and liquidity," said Nico.
The gradual increase of minimum free float to 15 percent could also deepen liquidity and expand the investor base, although it may cause short-term adjustments for certain issuers.
Overall, according to Nico, consistent and punctual implementation could improve MSCI's perception of Indonesia, and the drive for medium- to long-term foreign capital inflows will be greater. "Currently, we need short-term policies to stop the massive selling pressure currently happening," he said.
Globally, data from the U.S. ISM Manufacturing rose from 47.9 to 52.6, the fastest pace since 2022, supported by solid growth in new orders and production. The European Central Bank (ECB) and the Bank of England (BoE) are scheduled to set their monetary policies this week.
As for the trading on the previous Monday, the U.S. Wall Street stock market strengthened, including the Dow Jones Industrial Average index, which rose 515.19 points or 1.05 percent to 49,407.66, while the S&P 500 strengthened by 0.54 percent to 6,976.44, and the Nasdaq Composite rose by 0.56 percent to 23,592.11.
This morning, the regional Asian stock markets, including the Nikkei index, strengthened by 1,644.60 points or 3.12 percent to 54,299.80; the Shanghai index strengthened by 18.20 or 0.45 percent to 4,033.99; the Hang Seng index strengthened by 44.08 points or 0.16 percent to 26,819.66; and the Strait Times index strengthened by 44.70 points or 0.91 percent to 4,936.83.
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