Breaking News! IHSG Falls 1%, Prajogo Pangestu's Listed Companies Slump

Jakarta, CNBC Indonesia — The Jakarta Composite Index (IHSG) fell by more than 1% at the start of trading today, Friday (6 March 2026).

As of 09:11 WIB, the IHSG declined 79.13 points or 1.03% to 7,631.41. A total of 399 stocks declined, 168 rose, and 391 were unchanged.

Transaction value reached Rp 1.95 trillion, involving 4.07 billion shares in 237,700 trades.

The IHSG slumped more than 1% amid a fairly sharp correction in Prajogo Pangestu’s listed issuers. Barito Pacific (BRPT) fell 6.42%, Petrindo Jaya Kreasi (CUAN) fell 6.44%, Barito Renewables Energy (BREN) -3.08%, Chandra Daya Investas (CDIA) -2.79%, and Chandra Asri Pacific -1.4%.

Indonesia’s financial markets are expected to remain under heavy pressure. The escalating US-Israel and Iran tensions, surging oil prices, and China’s latest economic projections will provide negative sentiment today.

Crude oil prices surged to the highest level since July 2024, as tensions with Iran disrupt energy supplies globally.

Refinitiv notes Brent crude closed at US$84 per barrel, up almost 4%, while WTI closed at US$81.01 per barrel, up 8.5%. These prices are the highest since July 2024, or 2 years 8 months.

Vessel traffic through the Strait of Hormuz remains largely halted, while Iran claims to have struck a tanker with missiles.

Adding to market pressure, the Chinese government has ordered major refineries to halt diesel and gasoline exports.

Meanwhile, Asian stock markets opened weaker on Friday, following Wall Street’s lead.

South Korea’s Kospi fell 0.87% after hitting its best day since 2008 in the previous session. However, the smaller-cap Kosdaq extended its gains to 2.45%.

Japan’s Nikkei 225 fell 0.24%. The Topix declined further, by 0.42%. Meanwhile, Australia’s S&P/ASX 200 fell 1.09% at the start of trading, dragged by basic materials stocks.

The Hang Seng futures index in Hong Kong stood at 25,037, below the last close at 25,321.34.