Breaking News! IHSG Continues to Weaken, Drops 2%

Jakarta, CNBC Indonesia — The Composite Stock Price Index (IHSG) dropped 154.09 points or -2.04% to the level of 7,387.52 as of 3:06 PM WIB today, Thursday (23/4/2026).

A total of 557 stocks declined, 202 rose, and 200 remained unchanged. The transaction value reached Rp16.38 trillion, involving 41.92 billion shares in 2.61 million transactions. Market capitalisation fell to Rp13,187 trillion.

The IHSG weakened in line with foreign funds flowing out. Throughout the first session, foreigners recorded a net sell of Rp679.5 billion, with banking stocks as the main target.

Meanwhile, shares of Prajogo Pangestu’s business conglomerate were recorded as collapsing en masse in today’s trading. BREN and DSSA shares, impacted by the latest MSCI announcement, remain the main burden on the IHSG.

As is known, BREN and DSSA have faced significant selling pressure since the MSCI announcement. The global index announced it would remove stocks listed in the High Shareholder Concentration (HSC) list issued by the Indonesia Stock Exchange (BEI) and the Central Securities Depository Indonesia (KSEI). It is known that BREN and DSSA are among the 9 stocks on the HSC list.

Foreign investors were recorded as massively selling off BREN and DSSA shares in yesterday’s trading in unison. MSCI’s decision to execute the removal of HSC issuers in May will trigger measured foreign portfolio restructuring. The removal of stocks like BREN and DSSA is projected to force the liquidation of passive funds amounting to around Rp25.5 trillion.