Culprit Behind IHSG Decline, BBCA Share Price Ahead of Dividend Distribution

Analysts from Phintraco Sekuritas have highlighted that the movement in shares of PT Bank Central Asia Tbk (BBCA) exerted pressure on the decline of the Composite Stock Price Index (IHSG) during trading on Monday, 30 March 2026.

The IHSG closed down slightly by 0.07 per cent or 5.38 points at 7,091.67. A correction occurred at the start of trading, gradually easing towards the close of the first session. In the second session, the IHSG moved sideways, still in negative territory.

“Financial sector shares recorded the largest weakening, contributed by the decline in BBCA shares as it enters the ex-dividend date,” stated an analyst from Phintraco Sekuritas in their daily research on Monday, 30 March 2026.

The financial sector fell 1.17 per cent, followed by a 0.80 per cent correction in the raw materials sector and a 0.46 per cent erosion in the property sector.

Fluctuations in BBCA shares are linked to the approaching recording date for the shareholder list (DPS), which is the cash dividend ex-date on 31 March 2026 at 16:00 WIB. The cash dividend payment for the book year will be on 8 April 2026.

The company will distribute cash dividends totalling Rp34.5 trillion. Each investor will receive earnings of Rp281 per share.

Meanwhile, BBCA shares closed brightly at Rp6,450 after booking a 0.48 per cent increase or 31 points during trading on Monday, 30 March 2026. However, the private bank’s shares were once eroded to the Rp6,425 area after rising to Rp6,475 and even observed flying to Rp6,500 in the second session.

Analysts from Phintraco Sekuritas also stated that the IHSG correction was triggered by the sluggish performance of other banking shares amid concerns over economic prospects. BBNI shares fell 1.28 per cent, BBRI shares lost 1.75 per cent, while BBTN shares rose 0.40 per cent.

Meanwhile, private sector issuers, such as Allo Bank Indonesia Tbk (BBHI) and Bank KB Indonesia Tbk (BBKP) shares, were observed to be stagnant.