{
    "success": true,
    "data": {
        "id": 1749805,
        "msgid": "ihsg-closes-at-6-370-driven-by-rumours-of-formation-of-an-export-authority-1779546103",
        "date": "2026-05-19 20:19:06",
        "title": "IHSG Closes at 6,370, Driven by Rumours of Formation of an Export Authority",
        "author": "",
        "source": "TEMPO_ID_BISNIS",
        "tags": "",
        "topic": "Economy",
        "summary": "The Jakarta Composite Index (IHSG) closed lower, weighed by market concern over rumours that the government plans to establish a special export body for strategic commodities. The fall followed expectations of a rate hike by Bank Indonesia and ahead of the President's KEM-PPKF address, with a broad sell-off across sectors and a weak rupiah outlook.",
        "content": "<p>The Jakarta Composite Index (IHSG) on the Indonesia Stock Exchange\n(BEI) closed lower on Tuesday afternoon, pressured by market\nparticipants\u2019 concerns over rumours that the government intends to form\na special body to regulate exports of strategic commodities.<\/p>\n<p>IHSG closed down 228.56 points or 3.46 percent at 6,370.68. The LQ45\nindex, representing the 45 leading stocks, fell 16.27 points or 2.50\npercent to 634.82.<\/p>\n<p>The IHSG weakened due to selling pressure after rumours circulated\nthat the government plans to regulate commodity exports through a single\nstate-created special body, Head of Research at Phintraco Sekuritas,\nRatna Lim, said in Jakarta on Tuesday, 19 May 2026, as quoted by\nAntara.<\/p>\n<p>Several strategic commodities rumoured to be regulated via the\nspecial body include coal, crude palm oil (CPO) and metallic\nminerals.<\/p>\n<p>\u201cThis has raised investor concerns that there could be potential\ncontrols on selling prices that could affect firms\u2019 profit margins,\u201d\nRatna said.<\/p>\n<p>Ratna explained that the rumours are also linked to the planned\nappearance of President Prabowo Subianto at the DPR Plenary Session,\nwhere he will deliver a speech on the Macro-Economic Framework and the\nPrinciples of Fiscal Policy (KEM-PPKF) for the 2027 Budget (RAPBN) on\nWednesday, 20 May 2026.<\/p>\n<p>This will be the first time a head of state directly presents the\nKEM-PPKF document to the DPR, typically delivered by the Finance\nMinister.<\/p>\n<p>On the other hand, market participants are anticipating the results\nof the Bank Indonesia (BI) Board of Governors Meeting (RDG) to be\nannounced on Wednesday; consensus expects BI to raise the BI Rate by 25\nbasis points to 5 percent to curb rupiah weakness.<\/p>\n<p>Meanwhile, April credit growth is expected to rise by 9.7 per cent\nyear-on-year (YoY) from 9.49 per cent YoY in March 2026.<\/p>\n<p>Opening weaker, IHSG remained in negative territory through the first\nsession\u2019s close. In the second session, IHSG remained in the red until\nmarket close.<\/p>\n<p>According to the IDX-IC sector index, all eleven sectors weakened,\nwith the raw materials sector falling the most, down 7.54 percent,\nfollowed by the energy sector and the transport &amp; logistics sector\ndown 6.89 percent and 6.60 percent respectively.<\/p>\n<p>Top performing stocks included LCKM, RELI, ASPR, UDNG, and CINT. The\nbiggest losers were DSNG, ELPI, TAPG, ICON and DFAM.<\/p>\n<p>Trading frequency reached 2,804,569 transactions with 46.07 billion\nshares traded worth Rp 25.80 trillion. Of the shares tracked, 112 rose,\n612 fell, and 94 were unchanged in value.<\/p>\n<p>Regional Asian stock markets this afternoon included Nikkei down\n75.45 points or 0.12 percent to 60,740.50, Hang Seng up 122.67 points or\n0.48 percent to 25,797.85, Shanghai up 38.01 points or 0.92 percent to\n4,169.54, and Straits Times up 75.59 points or 1.51 percent to\n5,072.34.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/ihsg-closes-at-6-370-driven-by-rumours-of-formation-of-an-export-authority-1779546103",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}