Jakarta (ANTARA) - The Jakarta Composite Index (IHSG) of the\nIndonesia Stock Exchange (BEI) closed lower on Wednesday afternoon as\ninvestors adopted a cautious stance towards risks to domestic security\nstability. The IHSG closed down 95.98 points, or 1.48 percent, at\n6,405.69. Meanwhile, the LQ45 index of 45 leading stocks fell 9.40\npoints, or 1.46 percent, to 632.55.<\/p>\n
\u201cMarket attention is focused on national security stability as well\nas macroeconomic fundamental factors. Market participants hope that\ndemonstrations proceed peacefully, so that domestic security stability\nis maintained,\u201d said Maximilianus Nico Demus, Associate Director of\nResearch and Investment at Pilarmas Investindo Sekuritas, in his\nresearch note in Jakarta on Wednesday.<\/p>\n
Domestically, market participants are focused on monitoring the\nplanned demonstration in front of the DPR\/MPR RI building on Thursday\n(27\/8), with one of the demands being the ratification of the Asset\nForfeiture Bill. On the other hand, market participants are responding\nto Fitch Ratings\u2019 assessment, which stated that the economic growth\nassumption of 6.0 percent in 2027 in the 2027 State Budget Draft (RAPBN)\nis more realistic. However, Fitch noted that geopolitical uncertainty,\nrising oil prices, and undisciplined fiscal policies could potentially\naffect Indonesia\u2019s economic growth target.<\/p>\n
In addition, market participants are also monitoring the\nfit-and-proper test agenda for the Bank Indonesia (BI) Governor\ncandidate, with Destry Damayanti being the sole candidate proposed by\nthe government. \u201cMarket participants are awaiting the views of the new\nBI Governor regarding the direction of monetary policy, inflation\ncontrol, rupiah exchange rate stability, and strategies for maintaining\nforeign capital flows,\u201d said Nico.<\/p>\n
From abroad, Asian regional markets strengthened amid signs of\nprogress in Middle East talks, easing concerns over potential global\nenergy supply shortages. Pakistan said it had made significant progress\nin talks with Iran aimed at ending the war. At the same time, the\nforeign ministers of Iran and Oman said they discussed plans for a\ntemporary transit corridor through the Strait of Hormuz, along with a\nproject to clear mines from the waterway. \u201cThus, the decline in oil\nprices and reduced concerns over disruptions in the Strait of Hormuz\nalso reduce pressure on inflation,\u201d said Nico.<\/p>\n
On the other hand, market participants are monitoring developments\nfrom the ongoing meeting of the Standing Committee of China\u2019s National\nPeople\u2019s Congress, with the session on 25-28 August 2026 being closely\nwatched for policy support following weak economic data and repeated\npromises from policymakers to boost growth.<\/p>\n
Opening higher, the IHSG moved into negative territory until the\nclose of the first trading session. In the second session, the IHSG\nremained in the red until the close of stock trading. Based on the\nIDX-IC Sectoral Index, all eleven sectors weakened, with the\ntransportation and logistics sector falling the deepest at 4.04 percent,\nfollowed by the energy and property sectors which fell 2.40 percent and\n2.35 percent respectively.<\/p>\n
Meanwhile, the stocks that experienced the largest price increases\nwere TMPO, NICE, SAFE, BIKE, and JAST. The stocks that experienced the\nlargest price declines were PADA, PSKT, TAMA, FUTR, and PIA. Stock\ntrading frequency was recorded at 2,489,000 transactions with 40.15\nbillion shares traded worth Rp18.06 trillion. A total of 136 stocks\nrose, 599 stocks fell, and 228 were unchanged.<\/p>\n
Regional Asian stock markets this afternoon included the Nikkei index\nrising 0.61 percent to 66,258.00, the Shanghai index rising 0.59 percent\nto 3,912.52, the Hang Seng index rising 0.56 percent to 25,652.97, the\nKospi index rising 0.97 percent to 6,808.21, and the Straits Times index\nfalling 0.24 percent to 5,721.88.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/ihsg-closes-lower-as-market-cautious-over-domestic-risks-1787741772", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }