{ "success": true, "data": { "id": 1733572, "msgid": "ihsg-plunges-again-by-1-43-pressured-by-performance-of-this-technology-issuer-1778568881", "date": "2026-05-12 12:55:24", "title": "IHSG Plunges Again by 1.43% Pressured by Performance of This Technology Issuer", "author": "", "source": "CNBC", "tags": "", "topic": "Finance", "summary": "The Jakarta Composite Index (IHSG) fell sharply by 1.43% to 6,807.13 on Tuesday, driven primarily by a 5.07% correction in the technology sector, with PT Mora Telematika Indonesia (MORA) contributing the largest drag after hitting its lower auto-reject limit. Market participants adopted a cautious stance ahead of the MSCI review announcement, fearing a potential reduction in Indonesia's index weight, though regulators view ongoing capital market reforms as short-term pain for long-term gains. Globally, the downturn aligned with red zones in Asia-Pacific markets and was exacerbated by a strengthening US dollar, rising US bond yields, and escalating US-Iran tensions weakening the rupiah to a historic low of Rp17,500 per dollar.", "content": "

The Jakarta Composite Index (IHSG) plunged once more during trading\ntoday, Tuesday (12\/5\/2026), despite showing strength at the market open,\nwhere the IHSG surged robustly and even rose by 1%. However, by the end\nof the first session, the IHSG reversed course and tumbled to 6,807.13,\na decline of 1.43%. A total of 456 stocks weakened, 192 strengthened,\nand 166 remained stagnant. Trading value reached Rp7.50 trillion,\ninvolving 18.90 billion shares in 1.49 million transactions. On a\nsectoral basis, the technology sector exerted the greatest pressure with\na 5.07% correction, followed by utilities at -2.59% and healthcare\nweakening by -2.09%. From the stock perspective, PT Mora Telematika\nIndonesia Tbk (MORA) was the heaviest weight on the IHSG, contributing a\n24.2-point decline to the index. MORA shares initially surged strongly\nwith a gain of over 15% and served as the main driver of the IHSG.\nHowever, shortly thereafter, MORA plummeted, touching the 15% lower\nauto-reject limit at 7,650. Next, DCI Indonesia (DCII) pressured the\nindex by 9.81 points, PT Bayan Resources Tbk (BYAN) by 8.74 points, and\nPT Bank Central Asia Tbk (BBCA) by 7.03 points. The performance of\nIndonesian stocks aligned with movements in the Asia-Pacific region\u2019s\nexchanges, where the majority of benchmark indices traded in the red.\nNevertheless, the IHSG\u2019s performance was recorded as one of the worst\ntoday, with only South Korea\u2019s KOSPI index posting a larger decline,\nexceeding 3%. European markets are also expected to open in the red,\nwith several negative sentiments continuing to loom. Domestically,\nmarket participants tended to engage in selling actions and a\nwait-and-see approach ahead of the MSCI review announcement scheduled\nfor today. The market is concerned that Indonesia may once again\nexperience a reduction in its weight in the global MSCI index, which\ncould trigger an outflow of foreign funds. Ahead of the announcement,\nregulators and market participants alike assess that Indonesia\u2019s capital\nmarket reforms could indeed trigger short-term pressure but are believed\nto have positive impacts in the long term. Chairman of the Financial\nServices Authority (OJK) Board of Commissioners, Friderica Widyasari\nDewi, stated that they are still awaiting the MSCI announcement results,\nwhile emphasising that the capital market reform steps taken by the\nregulator are part of efforts to strengthen market integrity. \u201cEven if\nthere is short-term adjustment, we see this as short-term pain. But\nInsha Allah, long-term gain,\u201d Friderica said at the Indonesia Stock\nExchange (BEI) building on Monday (11\/5\/2026). The Indonesia Stock\nExchange acknowledges the potential for a short-term reduction in\nIndonesia\u2019s MSCI weight if no new stocks are added to the index. \u201cIf\nthat is done by MSCI and no new stocks enter the MSCI, in the short\nterm, Indonesia\u2019s weight might decrease. But that is short-term pain for\nlong-term gain,\u201d said Jeffrey. BEI emphasises that capital market\nreforms will continue, including encouraging issuers to increase free\nfloat to meet global standards. In addition to domestic factors, global\nsentiment continues to burden emerging markets following the\nstrengthening of the US dollar and rising yields on US government bonds,\nprompting investors to reduce exposure to risky assets. Despite the\npressure on the IHSG, several stocks still supported the index. PT\nMerdeka Gold Resources Tbk (MDKA) was the main driver with a 2.58-point\ncontribution to the index rise, followed by PT Dian Swastatika Sentosa\nTbk (DSSA), PT Chandra Asri Pacific Tbk (TPIA), and PT Pacific Strategic\nFinancial Tbk (APIC). The rupiah exchange rate began morning trading at\na historic weakening level, reaching Rp17,500\/US.A<\/em>c<\/em>c<\/em>o<\/em>r<\/em>d<\/em>i<\/em>n<\/em>g<\/em>t<\/em>o<\/em>R<\/em>e<\/em>f<\/em>i<\/em>n<\/em>i<\/em>t<\/em>i<\/em>v<\/em>d<\/em>a<\/em>t<\/em>a<\/em>,\u2006t<\/em>h<\/em>e<\/em>G<\/em>a<\/em>r<\/em>u<\/em>d<\/em>a<\/em>c<\/em>u<\/em>r<\/em>r<\/em>e<\/em>n<\/em>c<\/em>y<\/em>w<\/em>e<\/em>a<\/em>k<\/em>e<\/em>n<\/em>e<\/em>d<\/em>t<\/em>o<\/em>R<\/em>p<\/em>17,\u2006500\/U<\/em>S<\/em><\/span>\nat 9:15 WIB. At the open, the rupiah opened in the red with a 0.43%\nweakening to Rp17,480\/US$. The DXY also strengthened 0.21% at open to\n98.115. This was triggered by US President Donald Trump stating that the\nceasefire with Iran is now \u201con the brink\u201d after Tehran rejected\nWashington\u2019s proposal to end the war. Iran demands an end to the\nconflict on all fronts, including in Lebanon, compensation for war\ndamage, lifting of the US naval blockade, guarantees of no further\nattacks, and restoration of its oil exports. Tehran also asserts control\nover the Strait of Hormuz, a route that typically carries about 20% of\nthe world\u2019s oil and gas supply. Trump described Iran\u2019s response as\n\u201ccompletely unacceptable\u201d and said the ceasefire in effect since 7 April\nis now very fragile. Iran insists its demands are legitimate, while\nParliament Speaker Mohammad Baqer Qalibaf warned that Iran\u2019s military is\nready to respond to any aggression.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/ihsg-plunges-again-by-1-43-pressured-by-performance-of-this-technology-issuer-1778568881", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }