JCI Gains 4.64% in August Despite Lower Foreign Inflows

JAKARTA, Jakartaweekly.com—Foreign net capital inflows into Indonesia’s stock market throughout August 2026 stood at Rp1.19 trillion, down from the Rp1.62 trillion net buy recorded in July 2026.

Despite the decline in foreign net inflows, the Indonesia Stock Exchange Composite Index (IHSG) or Jakarta Composite Index (JCI) gained 4.64% month-on-month (mtm) in August, closing at 6,525.48. However, on a year-to-date (ytd) basis, the IHSG remained down 24.53%.

Meanwhile, the Average Daily Transaction Value (RNTH) in the stock market increased to Rp15.86 trillion in August 2026, from Rp14.31 trillion in July 2026.

In the bond market, the Indonesia Composite Bond Index (ICBI) closed August 2026 at 440.04, up 2.23% mtm, while declining slightly by 0.18% ytd. Meanwhile, Indonesian government bond (SBN) yields rose by an average of 26.48 basis points (bps) mtm during the same period, supported by improving domestic sentiment amid continued high levels of global uncertainty.

“Meanwhile, foreign investors’ interest in SBNs remained positive,” OJK Board of Commissioners Member Hasan Fawzi said at a press conference on Monday, September 7, 2026.

This was reflected in a net buy of Rp15.35 trillion mtm, up from the Rp6.79 trillion net buy recorded in July 2026. Meanwhile, the corporate bond market recorded a modest net sell of Rp0.07 trillion mtm in August, an improvement from the Rp0.26 trillion net sell recorded in July 2026.

The investment management industry also maintained solid performance during the reporting month. Assets Under Management (AUM) reached Rp1,013.03 trillion, up 0.03% mtm but moderating 2.85% ytd.

Meanwhile, mutual fund Net Asset Value (NAV) stood at Rp652.88 trillion, up 0.05% mtm but down 3.32% ytd. Mutual fund investors recorded net redemptions of Rp8.50 trillion mtm.

Since the launch of gold Exchange-Traded Funds (ETFs) on August 10, 2026, a total of seven gold ETF products have been issued by seven investment managers as of August 31, 2026, with total assets under management of Rp90.39 billion.

In line with initiatives to strengthen the digital ecosystem in the capital market industry, the number of domestic capital market investors continued to show an upward trend, with 1.07 million new investors added in August 2026 on a monthly basis. As a result, the number of capital market investors grew 52.90% ytd to 31.14 million.

Fundraising by domestic corporations in the local capital market remained strong. As of the end of August 2026, total fundraising by corporations in the capital market had reached Rp128.80 trillion ytd, comprising seven initial public offerings (IPOs), 12 limited public offerings (PUT), nine public offerings of debt securities and/or sukuk (EBUS), and 111 continuous public offerings of EBUS.

Meanwhile, there were 24 public offering plans in the pipeline, with an indicative value of Rp48.31 trillion.

As for fundraising by businesses through Securities Crowdfunding (SCF), August 2026 saw the issuance of 16 new securities and the addition of three new issuers, with total funds raised amounting to Rp29.97 billion. As a result, the cumulative value of funds raised through SCF reached Rp2.04 trillion.

In the derivatives financial market, from January 10, 2025 to August 31, 2026, a total of 113 parties had obtained in-principle approval from the Financial Services Authority (OJK). Trading volume reached 55,000 lots in August 2026 mtm, bringing the cumulative trading volume for January-August 2026 to 352,853 lots.

Meanwhile, on the Carbon Exchange, since its launch on September 26, 2023 through August 31, 2026, a total of 159 registered service users. Cumulatively, trading volume reached 1.98 million tCO2e, with the total transaction value reaching Rp93.90 billion.

As part of efforts to enforce regulations and protect consumers in the capital market and derivatives (PMDK) sector, as of August 31, 2026, the OJK had imposed administrative sanctions in connection with case examinations, including fines totaling Rp104.63 billion against 113 parties, two license revocations, one cancellation of a Registered Certificate (STTD), six license suspensions, 13 written warnings, and five written orders.

Meanwhile, on a ytd basis as of August 31, 2026, the OJK had imposed administrative fines totaling Rp257 billion on 610 parties for late compliance and issued 194 written warnings.

In addition, the OJK imposed administrative fines totaling Rp200 million and issued 164 written warnings for violations other than late compliance that were not related to specific cases.

Throughout August 2026, the OJK imposed administrative fines totaling Rp10.15 billion for violations of laws and regulations in the PMDK sector, along with four administrative sanctions in the form of written warnings.