February 12, 2026 | 06:49 pm
TEMPO.CO, Jakarta - Indonesia’s benchmark stock index closed lower on Thursday, February 12, 2026, as investors booked profits ahead of a long weekend.
The Composite Stock Price Index (IHSG) fell 25.62 points, or 0.31 percent, to 8,265.35, down from Wednesday’s close of 8,290.97.
Despite the decline, the index remains above this year’s low of 7,922.73 recorded on February 2, when the IHSG slid sharply from its recent peak of 9,134.7 amid negative sentiment linked to Morgan Stanley Capital International (MSCI) and rating agency Moody’s.
“After rallying for three consecutive days, the IHSG closed weaker, partly due to profit-taking ahead of the long weekend,” Ratna Lim, Head of Research at Phintraco Sekuritas, said in Jakarta, as quoted by Antara.
She noted that investors continue to favor short-term trading strategies amid lingering uncertainty in the market. The healthcare sector posted the steepest decline, while the raw materials sector led gains.
Domestically, President Prabowo Subianto is scheduled to hold an economic forum on Friday, February 13, 2026, to provide a comprehensive explanation of Indonesia’s economic conditions and the government’s response to global developments.
The meeting is expected to address market concerns following Moody’s Ratings’ decision to revise Indonesia’s credit rating outlook from stable to negative.
Externally, investors are closely watching U.S. inflation data for January 2026. Consensus forecasts project inflation at 2.5 percent year-on-year, easing from 2.7 percent in December 2025.
“This inflation data will draw investor attention, especially after better-than-expected U.S. nonfarm payroll figures,” Ratna said.
Based on the IDX-IC sectoral index, three sectors advanced, led by raw materials, which rose 1.42 percent. The property sector and transportation and logistics sector followed, gaining 0.75 percent and 0.64 percent, respectively.
Meanwhile, eight sectors declined, with healthcare posting the largest drop at 1.21 percent, followed by non-primary consumer goods and infrastructure, which fell 1.00 percent and 0.71 percent, respectively.
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