Indonesia\u2019s Composite Stock Index (IHSG) on the Indonesia Stock\nExchange (IDX) closed weaker on Monday afternoon, following the weakness\nin regional Asian stock markets, as market participants shifted their\nfunds to safe haven assets, such as gold and government bonds.<\/p>\n
The IHSG closed weaker by 218.65 points or 2.66 per cent to position\n8,016.83. Meanwhile, the 45 leading shares or LQ45 index fell 21.87\npoints or 2.62 per cent to position 812.49.<\/p>\n
\u201cThe attacks by the United States (US) and Israel against Iran have\ntriggered open conflict and made global investors tend to avoid risky\nassets,\u201d said Ratna Lim, Head of Research at Phintraco Securities, in\nher analysis in Jakarta, Monday, 2 March 2026.<\/p>\n
Additionally, Ratna said that rising crude oil prices also triggered\nconcerns about the potential increase in inflation which, if prolonged,\ncould drive the potential increase in interest rates at the global\nlevel.<\/p>\n
\u201cHowever, the majority of stocks related to energy and gold mining\nrecorded strengthening, thus restraining further weakening of the IHSG,\u201d\nsaid Ratna.<\/p>\n
From domestic economic data, Indonesia\u2019s inflation data increased to\n0.68 per cent month-on-month (mtm) in February 2026, from the previous\ndeflation of 0.15 per cent (mtm) in January 2026.<\/p>\n
The increase in inflation was primarily contributed by the increase\nin the Food, Beverage and Tobacco Expenditure Group, which became the\nmain commodity contributing to inflation at every Ramadan period.<\/p>\n
Annual inflation accelerated to 4.76 per cent year-on-year (yoy) in\nFebruary 2026 from the previous 3.55 per cent (yoy) in January 2026, and\nis the highest level since March 2023. The increase was caused by\nelectricity tariff discounts at the beginning of 2025 that had\nsuppressed prices in the previous year.<\/p>\n
Meanwhile, the trade balance surplus declined to US$0.95 billion in\nJanuary 2026 from the previous US$3.49 billion in January 2025, due to\nan increase in imports of 18.21 per cent (yoy) and exports growing only\n3.39 per cent (yoy).<\/p>\n
Subsequently, Indonesia\u2019s Manufacturing PMI still grew at level 53.8\nin February 2026, from the previous level 52.6 in January 2026, mainly\ndue to increased domestic demand.<\/p>\n
Opening weaker, the IHSG remained in negative territory until the\nclose of the first trading session. In the second session, the IHSG\nremained in the red zone until the close of trading.<\/p>\n
Based on the IDX-IC Sectoral Index, one sector strengthened, namely\nthe energy sector which strengthened by 1.70 per cent.<\/p>\n
Meanwhile, 10 sectors corrected with the non-primary consumer goods\nsector declining the deepest by 7.41 per cent, followed by the\nindustrial sector and the infrastructure sector which fell by 5.38 per\ncent and 4.34 per cent respectively.<\/p>\n
The stocks that experienced the greatest strengthening were OILS,\nENRG, RUIS, APEX, and ELSA. Meanwhile, the stocks that experienced the\ngreatest price weakness were TRUE, BUVA, BNBR, BELL, and MINA.<\/p>\n
The frequency of stock trading was recorded at 3,652,154 transactions\nwith a total of 56.60 billion shares traded valued at Rp29.83 trillion.\nA total of 108 stocks rose, 671 stocks fell, and 41 were unchanged in\nvalue.<\/p>\n
Regional Asian stock markets this morning included the Nikkei index\nweakening 793.10 points or 1.35 per cent to 58,057.19, the Shanghai\nindex strengthening 19.70 or 0.47 per cent to 4,182.58, the Hang Seng\nindex weakening 570.68 points or 2.14 per cent to 26,059.84, the Kuala\nLumpur index weakening 16.40 points or 0.96 per cent to 1,700.21, and\nthe Straits Times index weakening 104.20 points or 2.09 per cent to\n4,890.85.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/ihsg-weakens-as-investors-shift-to-safe-haven-assets-1772452884", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }