The Jakarta Composite Index (IHSG) came under immediate pressure at\nthe start of trading on Wednesday (19\/8\/2026), falling more than 1%. The\ndecline came after shares of PT Bayan Resources Tbk (BYAN) slumped as\nmuch as 14%.<\/p>\n
According to data from the Indonesia Stock Exchange (IDX), the IHSG\nwas down 65.61 points, or 1.02%, at 6,384.22 as of 09:03 WIB. The index\nopened at 6,408.18 and touched an intraday high of 6,414.89 and a low of\n6,380.17.<\/p>\n
One of the main drags on the index was BYAN, which tumbled 14.04% to\nRp14,850. This came after the coal producer\u2019s shares had soared 19.97%\nto Rp17,275 on Tuesday (18\/8\/2026), making it one of the main drivers of\nthe IHSG\u2019s gains.<\/p>\n
The correction in BYAN followed the company\u2019s clarification regarding\nrumours of a plan to acquire approximately 62.2% of its shares by\nbusinessman Andi Syamsuddin Arsyad, also known as Haji Isam. BYAN\u2019s\nmanagement stated that it was not aware of any takeover or acquisition\ntransaction plan.<\/p>\n
Pressure was also visible across the broader market. As of 09:03 WIB,\n293 stocks were declining, while 154 stocks were advancing and 516\nothers were unchanged.<\/p>\n
Transaction value reached Rp683.1 billion, with trading volume of\n1.82 billion shares and a frequency of 129,500 transactions.<\/p>\n
The IHSG is expected to move in a volatile manner on Wednesday\n(19\/8\/2026). Investors tend to be in a wait-and-see mode ahead of Bank\nIndonesia\u2019s interest rate decision, while also monitoring geopolitical\ndevelopments and the policy direction of the US central bank.<\/p>\n
Domestically, the main focus is on the outcome of Bank Indonesia\u2019s\nBoard of Governors Meeting held on Tuesday-Wednesday (18-19 August\n2026). BI is scheduled to announce its monetary policy decision\ntoday.<\/p>\n
A CNBC Indonesia poll of 14 institutions showed that all respondents\nexpect BI to hold its benchmark interest rate, the BI Rate, at\n5.75%.<\/p>\n
If realised, BI will have kept interest rates unchanged for two\nconsecutive meetings after previously holding the BI Rate at 5.75% in\nJuly 2026.<\/p>\n
Investors will also be watching BI\u2019s views on domestic economic\nconditions, banking liquidity, and credit growth prospects through the\nend of the year.<\/p>\n
The rupiah\u2019s movement is one of the main factors behind market\nexpectations that BI will not raise interest rates again. The rupiah has\nmoved away from the psychological level of Rp18,000 per US dollar and is\ntrading around Rp17,800\/US$ ahead of the August meeting.<\/p>\n
Domestically, investors are also monitoring Indonesia\u2019s external debt\ndata. Bank Indonesia recorded external debt at US$453.4 billion, or\napproximately Rp8,095.5 trillion, in the second quarter of 2026, growing\n4.4% year-on-year.<\/p>\n
Of that amount, approximately US$105.9 billion, or Rp1,891.7\ntrillion, will mature within a maximum of one year.<\/p>\n
Nevertheless, BI considers Indonesia\u2019s external debt structure to\nremain healthy. The external debt-to-GDP ratio stands at 30.6%, while\napproximately 82.1% of total external debt is long-term.<\/p>\n
Meanwhile, external sentiment remains overshadowed by tensions in the\nMiddle East. US President Donald Trump\u2019s statement that the Strait of\nHormuz is open for shipping contradicts Iran\u2019s assertion that the\nstrategic waterway remains closed.<\/p>\n
Uncertainty surrounding US-Iran negotiations has pushed oil prices\nhigher again. West Texas Intermediate (WTI) crude futures rose 0.4% on\nTuesday to US$85.26 per barrel, while Brent gained 0.17% to US$91.02 per\nbarrel.<\/p>\n
Brent has risen 4.53% over the past three trading days, while WTI is\nup 3.5% over the past four days.<\/p>\n
Shipping disruptions in the Strait of Hormuz are also continuing. The\nUnited Kingdom Maritime Trade Operations (UKMTO) reported that a vessel\nwas struck by an unknown projectile while exiting the Strait of Hormuz.\nThe incident damaged the engine room and resulted in one crew member\nbecoming a casualty.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/byan-drags-ihsg-down-1-in-morning-trade-1787107884", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }