IHSG Turns Higher as Market Watches MSCI Status Issue
Big banks and BYAN also strengthened after the bourse opened lower on Thursday morning.
IHSG strengthened in Thursday's trading (22/10) after opening lower, as market participants watched developments related to MSCI and steps by the capital market regulator. Republika noted that at 09.36 WIB, IHSG rose 0.54 percent to 5,354, while Antara reported the index at 10.00 WIB up 1.27 percent to 5,396.24. Several large bank stocks reversed higher, with BBRI, BMRI, and BBNI gaining after weakening earlier in the session. BYAN also rose, while BBCA remained in negative territory. Market attention centered on MSCI's consultation on the proposed change to Indonesia's capital market classification, while Bursa Efek Indonesia prepared rule adjustments and new initiatives to respond to the dynamic.