Gold Prices Plunge, ANTM Shares Open Down 3.73%
JAKARTA, KOMPAS.com - Shares of PT Aneka Tambang Tbk (ANTM) weakened at the opening of trading on Wednesday (25/3/2026). This pressure aligns with the weakening of global gold prices.
Based on data from the Indonesia Stock Exchange (BEI) at 09.30 WIB, ANTM shares were at Rp 3,610, down 3.73% from the previous close at Rp 3,750. At the opening, ANTM was at Rp 3,660 but immediately moved down to touch a low of Rp 3,580.
In terms of trading activity, the initial volume was recorded at 175,620 lots with a transaction value of around Rp 64 billion and a frequency of 4,580 times.
It is worth noting that global gold prices weakened at the close of trading on Tuesday (24/3/2026) local time, in line with rising expectations of high interest rates amid geopolitical tensions in the Middle East.
Meanwhile, the US April gold futures contract closed down 0.1% at $4,402.00 per ounce.
Investment Specialist at PT Korea Investment and Sekuritas Indonesia (KISI), Ahmad Faris Mu’tashim, assessed that the sharp weakening of global gold prices could pressure gold sector stocks during trading on the domestic capital market.
According to him, the decline in gold prices that occurred during the long Eid al-Fitr holiday has become a direct negative sentiment that will be reflected in the movement of gold-based stocks when the market reopens today.
“For gold sector stocks, in the short term, there is a high likelihood of opening with a gap down in line with the weakening of global gold prices by around 18% since the Eid holiday,” said Faris when contacted by Kompas.com on Tuesday night (24/3/2026).
According to him, the gold price rally in the second half of 2025 is expected to be reflected in the Q4-2025 financial reports, as well as Q1-2026. Thus, in terms of short-term fundamentals, this sector still has support from the earnings side.
Conversely, the negative impact from the current gold price correction will only start to be reflected in the Q2-2026 financial reports.
“In terms of earning potential, the rally since September will be reflected in the Q4 2025 and Q1 2026 reports. The impact of the gold price correction on earnings will only be reflected in the Q2 2026 report,” he explained.