Bloody Markets! IHSG Plummets to 7,300 Level, Spotlight on 3 Most Shining Stocks in LQ45 Rankings

Jakarta – The Indonesian Composite Index (IHSG) plummeted 3.48 per cent or 264.62 points during the morning trading session on Monday, 9 March 2026, tumbling to 7,321.07. The sharp decline saw the index trade within a range of 7,157 to 7,374 points. Transaction value reached Rp 13.84 trillion with trading volume of Rp 28.28 billion across approximately 1.56 million transactions.

All stock sectors declined, led by the raw materials sector which fell 5.55 per cent. The cyclical consumer and industrial sectors also suffered significant losses, dropping 5.24 per cent and 4.52 per cent respectively.

From a technical perspective, Phintraco Securities analysts observed a continuation of negative histogram formation on the MACD indicator, whilst the Stochastic RSI indicator was in oversold territory. The firm projected the IHSG could trade within the range of 7,275-7,350 during the afternoon session.

Despite the broad market correction, several listed companies managed positive results. Three top performers from the 45 premier-ranked stocks (LQ45) posted notable gains:

PT Medco Energi Internasional Tbk (MEDC) saw its share price surge 3.12 per cent or 55 points to 1,820.

PT Indo Tambangraya Megah Tbk (ITMG) jumped 2.69 per cent or 725 points, reaching 27,700.

PT Medikaloka Hermina Tbk (HEAL) gained 1.17 per cent or 15 points, closing at 1,295.