Breaking News! IHSG Session I Closes Down 4.32%

Indonesian stock index IHSG weakened further in Session I, ending the morning at 7,596.57, down 343.20 points or 4.32%. The previous session saw a 0.96% decline, and two days earlier a 2.65% fall. A total of 748 stocks declined, 68 rose and 142 were unchanged. Morning turnover reached Rp 18.06 trillion, with 33.08 billion shares traded in 2.09 million transactions. Just a minute after the market opened, IHSG deepened and fell to as much as 1.48% down. BUMI, GOTO and BMRI were among the most traded stocks in the morning, all of which weakened. The gold mining sector stocks were broadly softer, weighing on IHSG’s performance in the morning session. Domestic sentiment is expected to remain under pressure, particularly from abroad. The Iran conflict and the closure of the Hormuz Strait increase global uncertainty. Domestically, Lebaran stimulus is hoped to act as a positive catalyst today.