IHSG Afternoon Session Falls 0.69% to 7,389 Level
Indonesia’s Composite Stock Index (IHSG) declined 0.69% or 51.51 points to 7,389.40 at the close of trading on Wednesday, 11 March 2026.
A total of 312 stocks strengthened, 139 remained flat and 366 declined. Trading volume reached 32.20 billion shares, with 1.85 million transactions valued at Rp15.72 trillion.
The majority of sectors weakened, with only healthcare and non-primary consumer sectors gaining strength. Raw materials, infrastructure and industrial sectors were among the hardest hit.
Bank Central Asia (BBCA) was the main drag on IHSG performance, contributing -14.21 index points. Other listed companies burdening the index included AMMN, BREN, BUMI and MORA.
Market sentiment today was influenced by several factors. The DPR Commission XI held fit and proper tests for ten candidates proposed by the President for the Financial Services Authority (OJK) Commissioner Board on Wednesday. This followed the resignation of the OJK board chairman, vice-chairman and members at the end of January 2026. Five selected candidates will be determined on the same day, with final ratification scheduled for the DPR Plenary Session on Thursday, 12 March 2026.
On Tuesday, markets digested a series of macroeconomic data releases from the Asia-Pacific region indicating fundamental strengthening, alongside reports of escalating geopolitical tensions in the Middle East continuing to drive energy price volatility.
The morning report presented the chronology of market developments on Tuesday and projected the main focus of investors on Wednesday trading, with the release of US inflation data tomorrow evening expected to determine the direction of subsequent market movements.
Finance Minister Purbaya Yudhi Sadewa held a press conference on the State Budget (APBN) KiTa to present the February 2026 state budget position. This press conference was widely anticipated amid the Iran versus Israel-US conflict. Observers were keen to see whether Purbaya would announce new policies to anticipate the impact of the conflict, including measures to offset declining revenues.
Market participants were closely watching government expenditure developments in the first two months of the year, as well as state revenue receipts through February 2026, particularly income tax collections.
The state budget deficit reached 0.21% of GDP in January 2026, equivalent to Rp54.6 trillion. Government spending totalled Rp227.3 trillion or 5.9% of the state budget ceiling. Revenue reached Rp172.7 trillion.
Meanwhile, Asia-Pacific stock markets advanced on Wednesday as investors considered developing geopolitical conditions in the Middle East. Australia’s S&P/ASX 200 index rose 0.35% in early trading. Japan’s Nikkei 225 index surged 1.36%, whilst Topix gained 1.22%. South Korea’s Kospi index rose 2.52%, whilst the Kosdaq index for small-cap companies gained 1.39%.
Additionally, Hong Kong Hang Seng index futures traded at 25,936 compared with the previous closing level of 25,959.9.