Breaking: IHSG Plummets Over 1% Dragged by Performance of These Stocks

Jakarta, CNBC Indonesia - The Composite Stock Price Index (IHSG) plummeted more than 1% during trading today, Friday (24/4/2026). As of 9:47 WIB, the index fell 113.71 points or 1.54% to the level of 7,264.89.

A total of 118 stocks rose, 527 fell, and 95 remained unchanged. The value of morning transactions reached Rp 6.25 trillion, involving 14.67 billion shares in 827,676 transactions. Market capitalisation also plunged to Rp 13,013 trillion.

All trading sectors recorded weakening performance, with the deepest corrections seen in the infrastructure, consumer, property, and energy sectors.

Blue-chip issuers with large capitalisation collectively weighed on the IHSG’s performance today. The main laggards included BBCA, BBRI, AMMN, DSSA, and TLKM.

Trading at the end of this week is expected to face continued pressure following the escalation of geopolitical tensions in the Middle East. The surge in oil prices and the dollar index is also anticipated to burden the IHSG and the rupiah.

Brent crude oil prices surged again and closed up more than 3% at US$105.07 per barrel, the highest since 7 April 2026. Meanwhile, the dollar index jumped to 98.77, the highest since 9 April 2026.

Meanwhile, Asia-Pacific stock markets opened mixed as investors remained cautious despite the extension of the Israel-Lebanon ceasefire for three weeks, which underscores the lingering geopolitical uncertainty.

Israel and Lebanon agreed to extend their ceasefire for three weeks following a meeting at the White House with top US officials, said President Donald Trump on Thursday.

“The meeting went very well!” Trump said in a Truth Social post announcing the temporary ceasefire extension.

The temporary ceasefire, originally scheduled to end after 10 days, will now provide additional time for diplomatic efforts, with Washington also pledging to work with Lebanon to strengthen its defences against Hezbollah.

US oil futures rose around 1.23% to about $97.03 per barrel.

Japan’s Nikkei 225 index rose 0.71% while the Topix rose 0.30% after core inflation in Japan increased for the first time in five months, rising to 1.8% in March, with the Iran war sparking energy concerns.

Government data showed the inflation figure - which excludes fresh food prices - matched the 1.8% forecast by economists surveyed by Reuters, and was higher than the 1.6% seen in February.

South Korea’s Kospi index fell 0.23%, while the Kosdaq index for small-cap stocks traded flat.

Hong Kong’s Hang Seng index futures were at 25,802, lower than the previous close of 25,915.2. In Australia, the S&P/ASX 200 fell 0.29%.

Overnight in the US, stocks fell on Thursday, led by declines in software stocks and higher oil prices, as investor uncertainty about the direction of the Iran war weighed on the market.

The S&P 500 traded down 0.41% to close at 7,108.40, after previously hitting a new intraday all-time high. The tech-heavy Nasdaq Composite fell 0.89% to 24,438.50. This index also set a new all-time high during the trading session. The Dow Jones Industrial Average lost 179.71 points, or 0.36%, to 49,310.32.