Breaking News! IHSG Opens Down 2%
Breaking News! IHSG Opens Down 2%
Jakarta, CNBC Indonesia — The Jakarta Composite Index (IHSG) came under pressure again in Friday morning trade (22 May 2026). The IHSG slipped 2% to 5,973.20 points.
A total of 464 stocks declined, while only 89 rose and 406 were unchanged. Morning turnover reached Rp818.9 billion with a trading volume of 1.54 billion shares.
Selling pressure continues to haunt the domestic stock market after the previous session saw the IHSG tumble 3.54% to 6,094.94.
Meanwhile, investors’ attention is focused on government policy to hand over the entire export of Indonesia’s strategic commodities to a dedicated export SOE, PT Danantara Sumberdaya Indonesia, alias PT DSI, on 1 January 2027.
This was stated by Trade Minister Budi Santoso after attending a dissemination event on the formation of an export state-owned enterprise for the mining and energy sectors to exporters at the Office of the Coordinating Ministry for Economic Affairs in Jakarta, Thursday (21 May 2026).
Under this decision, the transition period for centralised export through PT DSI for coal, crude palm oil, and ferro-alloys will be extended, because the transition will still be carried out on 1 June 2026.
“Thus, in the first three months, exports will be conducted by existing exporters, but the documents will then go to the Export SOE. After that, in the following three months, it will be hybrid, so exporters that are ready can be fully transferred to the Export SOE by no later than 31 December,” Budi said at a press conference in Jakarta, Thursday (21 May 2026).
Previously the government planned to hand over full exports to PT DSI by 1 September 2026, as set out in the draft Permendag (Ministerial Regulation) discussed at the Office of the Coordinating Ministry for Economic Affairs yesterday morning.
The plan to centralise exports via a single body has begun to draw attention from global rating agencies.
S&P Global Ratings warned that the policy could pose risks to exports, government revenue, and Indonesia’s balance of payments.
“These factors create greater uncertainty about a potential downgrade of Indonesia’s rating,” S&P said, quoted by Reuters on Thursday (21 May 2026).
S&P also noted that investments could be affected if the rule changes reduce business confidence and investment sentiment.
Meanwhile, Moody’s said that the export centralisation plan could support inflows of foreign currency, but also increase risks of market distortion and weigh on investor sentiment.
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