Breaking News! IHSG Plunges 3%

The Jakarta Composite Index (JCI) experienced a sharp decline. As of 14:20 Western Indonesia Time, the JCI fell by 198.7 points or 3.4% to 5,641.08 on Friday (5/6/2026).

The JCI briefly touched positive territory this morning before undergoing a deep correction. The index hit a low of 5,628.63 and a high of 5,860.67.

A total of 655 stocks declined, 106 rose, and 198 remained stagnant. The transaction value reached Rp 23.48 trillion, involving 26.3 billion shares in 1.53 million transactions. Market capitalisation consequently slumped to Rp 9,904 trillion.

Meanwhile, foreign investors continued to exit the domestic capital market. Throughout the first session, foreigners recorded sales of Rp 14.7 trillion and purchases of Rp 12.7 trillion, resulting in a net foreign sell of Rp 2 trillion.

Foreign funds flowed heavily out of major bank issuers. Bank Central Asia recorded a net sell of Rp 721.5 billion, followed by Bank Mandiri at Rp 160.7 billion and Bank Negara Indonesia at Rp 58 billion.

This selling pressure weighed on the major bank stocks. BBCA fell by 5.53%, BBNI by 4.09%, BMRI by 2.52%, and BBRI by 2.14%.

The JCI’s weakening occurred alongside the rupiah, which again depreciated to a new all-time low. According to Refinitiv data, the rupiah opened weaker by 0.17% at Rp 18,050 per US dollar. This depreciation continued the pressure from the previous trading day. On Thursday (4/6/2026), the Garuda currency closed down 0.45% at Rp 18,020 per US dollar, marking its weakest position in history against the US dollar.