The Indonesia Composite Stock Index (IHSG) closed lower on Tuesday\nafternoon as investors took profits ahead of the Idul Adha 1447 Hijriah\nholiday and public holidays. The IHSG fell 76.16 points, or 1.23%, to\n6,130.19, while the LQ45 blue-chip index dropped 10.81 points, or 1.71%,\nto 620.40.<\/p>\n
\u201cFactors behind the index decline include profit-taking ahead of the\nholidays and MSCI rebalancing,\u201d said Ratna Lim, Head of Research at\nPhintraco Sekuritas, in her analysis in Jakarta on Tuesday (26\/5).<\/p>\n
International factors, including recent US strikes targeting Iranian\nmissile sites and suspected minesweeping vessels, despite growing peace\nhopes, added negative sentiment to the market. The rupiah weakened 0.29%\nto Rp17,795 per US dollar, even as the US dollar index also\ndeclined.<\/p>\n
Meanwhile, Brent crude oil rose 1.97% while WTI fell 4.97%. \u201cThe IHSG\nis expected to trade between 6,000 and 6,200 on Friday (29\/5),\u201d Lim\nadded.<\/p>\n
Opening lower, the IHSG remained in negative territory throughout the\nfirst session and stayed in the red until closing. According to the\nIDX-IC Sectoral Index, only one sector gained, led by infrastructure up\n0.28%. Ten sectors declined, with the industrial sector dropping the\nmost at 3.66%, followed by property and non-primary consumer goods\nsectors, each down 2.30% and 2.27%.<\/p>\n
The top gainers were MGNA, ARTA, NZIA, ELFI, and AWAN, while the top\nlosers were MSIN, RISE, TALF, BHAT, and ASPR. Trading frequency reached\n1,964,477 transactions involving 24.88 billion shares worth Rp18.09\ntrillion. Of the 821 traded stocks, 241 rose, 447 fell, and 133 remained\nunchanged.<\/p>\n
Asian regional indices closed mixed: Nikkei fell 188.19 points\n(0.29%) to 64,970.00, Shanghai Composite dropped 7.20 (0.17%) to\n4,145.27, Hang Seng declined 6.58 points (0.03%) to 25,599.45, and\nStraits Times Index rose 41.75 points (0.82%) to 5,028.80.<\/p>\n
Finance Minister Purbaya Yudhi Sadewa stated that Indonesia\u2019s\neconomic fundamentals remain strong despite the IHSG\u2019s decline due to\nglobal sentiment and US-Iran tensions.<\/p>\n
DPR Commission XI Chairman Mukhamad Misbakhun said MSCI index\nrebalancing should be a momentum to improve and strengthen Indonesia\u2019s\ncapital market fundamentals.<\/p>\n
Capital market analyst Hendra Wardana highlighted the impact of the\nMay 2026 MSCI rebalancing, which triggered a capital outflow of Rp50.63\ntrillion and pressure on the IHSG.<\/p>\n
A market practitioner noted that the announcement of MSCI rebalancing\non 12 May 2026 sparked reactions from domestic stock market participants\nand the IHSG.<\/p>\n
The IHSG closed 3.54% lower at 6,094.94 on Thursday (21\/5), with raw\nmaterials and energy sectors leading the decline due to plans by\nstate-owned single exporters.<\/p>\n
Danantara CEO Rosan Roeslani assessed that bank stocks on the BEI are\ncurrently undervalued with a price-to-book value below 1x, despite sharp\nIHSG corrections.<\/p>\n
The Indonesia Stock Exchange (BEI) stated that the removal of HSC\ncategory stocks from MSCI and FTSE Russell indices is a short-term\nconsequence for long-term capital market improvements.<\/p>\n
Pressure from global Morgan Stanley Capital International index\nrebalancing continues to loom over the domestic stock market after six\nmajor Indonesian stocks were removed from MSCI.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/profit-taking-pressures-ihsg-1779919270", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }