Jakarta, Indonesia – The Jakarta Composite Index (JCI) declined on Thursday, February 19, 2026, falling 0.43% to close at 8,274.81. The downturn followed a decision by Bank Indonesia (BI) to hold its benchmark interest rate steady, a move anticipated by some market observers.
Total transaction value reached Rp26.24 trillion, with 53.30 billion shares changing hands in 3.33 million transactions. Market activity saw 326 shares gain value, 366 decline, and 127 remain unchanged, according to data from CNBC Indonesia.
Despite the overall decline, foreign investors were net buyers on Thursday, purchasing Rp387.80 billion across the market. This included Rp633.17 billion in regular market transactions, and Rp245.37 billion in negotiated and cash transactions. The buying activity appeared to partially offset the downward pressure on the JCI.
Several stocks attracted significant foreign investment. Leading the way was PT Merdeka Battery Materials Tbk. (MBMA), with net foreign buying reaching Rp249.95 billion. PT Aneka Tambang Tbk. (ANTM) followed with Rp172.96 billion, whereas PT United Tractors Tbk. (UNTR) saw inflows of Rp113.02 billion. Other companies experiencing substantial foreign interest included PT Adaro Andalan Indonesia Tbk. (AADI) at Rp103.59 billion, PT Bumi Resources Tbk. (BUMI) at Rp93.21 billion, and PT Bumi Resources Minerals Tbk. (BRMS) at Rp83.10 billion.
Rounding out the top ten were PT Merdeka Copper Gold Tbk. (MDKA) with Rp75.87 billion, PT Vale Indonesia Tbk. (INCO) with Rp43.08 billion, PT Astrindo Nusantara Infrastuktur Tbk. (BIPI) with Rp42.22 billion, and PT Archi Indonesia Tbk. (ARCI) with Rp41.23 billion, according to Stockbit data.
Earlier in the week, the JCI had experienced gains fueled by expectations that BI would maintain its current interest rate of 4.75%. Reports from Tempo.co English indicated a positive market sentiment leading up to the BI announcement. However, the decision to hold rates steady did not sustain the initial optimism, and the index ultimately closed lower on Thursday. RRI.co.id reported earlier optimism regarding the rate hold, but this sentiment did not carry through to the close of trading.
The Indonesian Stock Exchange (IDX) recently announced plans to increase transparency regarding the ultimate ownership of listed companies, as reported by Kompas.id. This initiative aims to provide investors with clearer information about the individuals and entities controlling publicly traded firms, potentially impacting investment decisions in the future.
