{
    "success": true,
    "data": {
        "id": 1593249,
        "msgid": "these-were-the-factors-weighing-on-the-ihsg-as-it-closed-124-85-points-lower-1772794852",
        "date": "2026-03-06 16:59:00",
        "title": "These were the factors weighing on the IHSG as it closed 124.85 points lower",
        "author": "Cahya  Mulyana",
        "source": "MEDIA_INDONESIA",
        "tags": "",
        "topic": "Finance",
        "summary": "The Jakarta Composite Index (IHSG) fell 124.85 points to 7,585.68, sliding 1.62% as investors adopted a risk-off stance amid ongoing Middle East tensions and higher US yields. Traders await US CPI and non-farm payrolls data, Fed policy signals, and potential domestic policy responses, while Fitch's negative credit outlook weighed on the rupiah and fed into foreign outflows.",
        "content": "<p>The Jakarta Composite Index (IHSG) of the Indonesia Stock Exchange\n(BEI) closed lower on Friday afternoon (6 March) as investors adopted a\nrisk-off stance amid the ongoing conflict between the United States and\nIsrael with Iran. The IHSG closed down 124.85 points or 1.62% to\n7,585.68. Meanwhile the LQ45 index of 45 leading stocks fell 11.77\npoints or 1.49% to 776.04. \u2018Investors are inclined to risk-off and\ndefensive. They are avoiding high-risk instruments by liquidating\nbig-cap shares and rotating into safe-haven assets such as gold and the\nUS dollar,\u2019 said Muhammad Wafi, Head of Research at PT Korea Investment\nAnd Sekuritas Indonesia (KISI), contacted by ANTARA in Jakarta on Friday\n(6 March). Wafi explained that the risk-off stance is caused by the\nescalation of the conflict in the Middle East, as well as high yields on\nUS Treasuries due to expectations that Fed policy rates would stay\nelevated. From abroad, market participants are awaiting a range of\neconomic data, including US inflation (CPI) and jobs data (NFP), which\nwill be used as a benchmark to gauge the direction of Fed policy, as\nwell as clarity on the resolution\/escalation of the Middle East\nconflict. Domestically, he noted that Fitch Ratings\u2019 cut to Indonesia\u2019s\ncredit outlook to negative triggered depreciation of the rupiah and\nmassive foreign outflows. Meanwhile, traders are awaiting data on\nforeign exchange reserves, the response of Bank Indonesia (potential BI\nRate hike) to stabilise the rupiah, and signs of easing pressure from\nnet sell (foreign selling). Opened weaker, the IHSG remained in negative\nterritory until the close of the first trading session. In the second\nsession, the IHSG remained in the red zone until the close of trading.\nBased on the IDX-IC sector index, all eleven sectors fell, with the\nindustrial sector the deepest decline at 3.67%, followed by the\nnon-durable consumer goods sector and the energy sector at 3.54% and\n2.80% respectively. The stocks with the largest price gains were SKBM,\nALKA, TPIA, ICON, and EURO. The stocks with the largest price declines\nwere KOTA, RODA, LAND, ENRG, and ENZO. Trading activity totalled\n1,946,837 transactions, with 34.18 billion shares traded worth Rp17.77\ntrillion. A total of 168 stocks rose, 555 fell, and 94 did not move.\nRegional Asia stock markets in the afternoon included the Nikkei up\n342.69 points or 0.62% to 55,620.80, the Shanghai composite up 15.62\npoints or 0.38% to 4,124.18, the Hang Seng up 435.94 points or 1.72% to\n25,757.28, and the Straits Times up 1.68 points or 0.03% to\n4,848.25.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/these-were-the-factors-weighing-on-the-ihsg-as-it-closed-124-85-points-lower-1772794852",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}