IDX Composite Plummets to 5,342 Level, Down 41% This Year
Selling pressure in the domestic stock market remains unstoppable. The Indonesia Composite Index (IHSG) has slumped significantly, extending a sharp correction trend that has persisted for the last three months. Based on trading data, at the close of the second session, the IHSG was recorded at the 5,342.14 level, dropping 252.63 points or 4.52%. During intraday trading, the index even touched a low of 5,317.91.
Today’s correction brings the IHSG’s decline since the beginning of the year to over 38%, while from its peak on 20 January 2026, the index has plummeted by 41.51%. Massive selling occurred across almost all market sectors, with 661 stocks weakening, only 7_8 stocks gaining, and 78 stocks remaining stagnant. Transaction value reached Rp 21.73 trillion, with trading volume hitting 32.52 billion shares and transaction frequency reaching 2.22 million times.
The sharp decline in the IHSG today demonstrates highly aggressive selling pressure, indicating that panic continues to dominate market sentiment. All trading sectors weakened, with healthcare, technology, and non-primary consumer goods recording the deepest corrections today. Major issuers weighing down the IHSG performance included TLKM, BBRI, and BBCA.
Indonesia’s financial market continues to face dynamics ranging from war to investors closely monitoring domestic fiscal resilience. Iran reportedly launched missiles towards Israel on Sunday (7/6/2026), the first time since the ceasefire between Tehran and Washington took effect in April. The Speaker of the Iranian Parliament, Mohammed Baqer Ghalibaf, accused the US naval blockade and Israeli attacks in Lebanon of violating the agreement, stating that US bases and Israeli assets in the region are now legitimate targets. US President Donald Trump, having received reports of the attack, stated that Iran’s actions would not assist the negotiation process. He is also reportedly planning to contact Israeli Prime Minister Benjamin Netanyahu to urge him not to retaliating against Iran’s attack.
From within the country, Finance Minister Purbaya Yudhi Sadewa presented the realisation of the State Budget (APBN) up to the end of May 2026 during the APBN KiTA Press Conference held on Friday (5/6/2026). Amid global uncertainty and geopolitical tensions in the Middle East, the Finance Minister emphasised that Indonesia’s economic foundation remains solid, with APBN realisation showing a very positive trend. The current APBN deficit remains well-maintained, measured, and in line with the 2026 budget design. Budget financing is also managed prudently, efficiently, and flexibly following financial market dynamics. The budget deficit increased slightly to Rp 180.4 trillion or 0.70% of GDP, slightly higher than Rp 164.4 trillion or 0.64% of GDP at the end of April 2026.