Indonesia's stock market came under pressure again in September 2026 after two consecutive months of recovery. The Indonesia Composite Index (ICI) closed at 6,071.14, down 6.96% month-on-month (MoM) and 29.79% year-to-date (YTD). The pressure came from global volatility driven by geopolitical escalation and rising global interest rates. Foreign investors recorded a net sell of IDR10.24 trillion, a reversal from a net buy of IDR1.19 trillion in August. Domestically, policy sentiment also weighed on the market, including the change of Finance Minister and the implementation of the new IDR1 minimum share price limit. Bank Indonesia held the BI-Rate at 5.75% to maintain rupiah stability.
