Breaking News! IHSG Slumps 2.4% Fifteen Minutes After Opening
Jakarta, CNBC Indonesia – The Jakarta Composite Index (IHSG) reopened with a decline of 187.91 points, or 2.40%, at 7,746.21 at the opening of morning trade on Wednesday (4 March 2026).
This morning’s weakness continued a significant correction from yesterday’s trade, where the IHSG fell 0.96% and, two days earlier, plunged 2.65%. A total of 563 shares declined, 117 advanced, and 278 were unchanged. The morning’s transaction value reached Rp 5.23 trillion, involving 9.45 billion shares in 598 thousand trades.
As known, a minute after the market opened, the IHSG corrected further and fell to as much as 1.48%.
BUMI, GOTO and BMRI stocks were the most actively traded this morning, all of them recorded declines. The gold-mining issuer were broadly weaker and weighed on IHSG’s performance this morning.
The Indonesian financial market is expected to face ongoing pressure, particularly from abroad. The Iran conflict and the closure of the Strait of Hormuz increase global uncertainty.
Domestically, Eid al-Fitr stimulus is expected to act as a positive catalyst today.
Ahead of Idulfitri 1447 H, the government rolled out a series of policies to maintain purchasing power and boost Q1-2026 economic growth.
The main instrument is the disbursement of the Tunjangan Hari Raya (THR) for civil servants and private sector workers, accompanied by a Bonus Hari Raya (BHR) for online ride-hailing driver partners, along with additional stimuli such as transportation discounts and food aid.
For civil servants, THR has begun to be disbursed in stages since 26 February 2026. Coordinating Minister for Economic Affairs Airlangga Hartarto stressed that THR components are paid in full 100%, covering basic salary, family allowance, food allowance, and position or performance allowances as per regulations.
The government has prepared a budget of Rp55 trillion, up about 10% from last year, allocated to 2.4 million central government civil servants and the TNI/Polri (Rp22.2 trillion), 4.3 million regional civil servants (Rp20.2 trillion), and 3.8 million pensioners (Rp12.7 trillion). It also emphasised that THR is different from the 13th salary (gaji ke-13), which will be paid separately in June 2026.
Also domestically, the Financial Services Authority (OJK) revealed the latest important developments in meeting demands from the global index provider MSCI.
OJK said regulators and self-regulatory organisations have updated disclosures on shareholding data with ownership above 1% that must be deposited as public information. For the first time, KSEI disclosed investor share ownership above 1% as of 27 February 2026, reported on Tuesday (3 March 2026).
Furthermore, OJK noted that the reclassification of shareholder types from 9 to 27 types is being pursued by KSEI and the Stock Exchange Members (AB), and progress has reached 94%.
Next, regarding the increase in minimum free float from 7.5% to 15%, OJK said the process is still being conducted internally at BEI and will be approved by OJK to be implemented soon.
Lastly, OJK said it will introduce a shareholder concentration list, which will help investors assess concentration risk and difficulties in obtaining the shares in question on the market.
(ayh/ayh)