IHSG Closes 0.75% Lower, Burdened by BYAN Shares
The Indonesia Composite Index (IHSG) ended trading on Wednesday (7/10/2026) in the red zone. The IHSG settled at the 6,146.72 level, down 46.20 points or 0.75%.
Earlier, the IHSG opened stronger at 6,210.42 and briefly touched a peak of 6,214.76 shortly after the opening. However, selling pressure emerged immediately, causing the index to reverse direction and drop to the 6,170 range before 10:00 WIB. The index attempted a rebound to the 6,200 area during the early session but faced renewed pressure, moving down to the 6,160 range towards 11:00 WIB.
Moving into the afternoon session through to closing, the IHSG moved sideways within a narrow range of approximately 6,140 to 6,160. Today’s lowest level was recorded at 6,136.19.
The decline in the IHSG throughout today’s trading was caused by 390 declining stocks, 293 unchanged stocks, and only 280 gaining stocks.
Quoting Refinitiv data, the IHSG’s decline today originated from the energy sector, which plummeted 2.6%, followed by the infrastructure sector, down 1.8%, and the basic materials sector, which fell by 0.8%.
Shares that burdened the IHSG included PT Bayan Resources Tbk (BYAN), PT Bank Central Asia Tbk (BBCA), PT Dian Swastatika Sentosa Tbk (DSSA), PT Barito Renewables Energy Tbk (BREN), PT Barito Pacific Tbk (BRPT), and PT Chandra Asri Pacific Tbk (TPIA).
Meanwhile, stocks supporting the IHSG’s correction included PT Bank Rakyat Indonesia (Persero) Tbk (BBRI), PT Telkom Indonesia (Persero) Tbk (TLKM), PT Amman Mineral Internasional Tbk (AMMN), PT Sinar Mas Multiartha Tbk (SMMA), PT Capital Financial Indonesia Tbk (CASA), and PT Bank Mandiri (Persero) Tbk (BMRI).
In terms of trading activity, transaction volume reached 366.37 million lots with a transaction value of Rp8,650.59 billion, or approximately Rp8.65 trillion.
Market sentiment on Wednesday (7/10/202_6) was influenced by external sector developments and the direction of global monetary policy. Yesterday, the widening US trade deficit drew attention, while an increase in Indonesia’s growth projections provided positive domestic news.
Today, investors are awaiting Indonesia’s foreign exchange reserve reports to assess external resilience and the space for rupiah stabilisation.
Attention then shifted to the Federal Reserve meeting minutes, due to be released in the early hours of tomorrow, which could potentially affect the dollar, bonds, and equity markets. The minutes of the September Federal Open Market Committee (FOMC) meeting are scheduled for release tomorrow at 01:00 WIB.
This document will explain the discussions behind the Fed’s decision to raise interest rates by 25 basis points to a range of 3.75%-4.00%, the first increase since 2023. Investors are looking for clues regarding inflation persistence and the extent of official support for further tightening. September projections showed 16 out of 18 officials saw the possibility of at least one additional 25 basis point hike this year.
A more hawkish tone could support the dollar and pressure risky assets. Conversely, an emphasis on slowdown risks could ease market concerns. The minutes are not a new interest rate decision, but they could alter expectations for future policy.
Meanwhile, Asian stock markets moved variably during Wednesday’s trading (7/10/2026). This movement was inversely related to Wall Street, following developments in US bond yields. Japan’s Nikkei 225 index tended to be flat, while South Korea’s Kospi fell 0.57%. In Australia, the S&P/ASX 200 index also weakened by 0.13%.