IHSG Closes 1.23% Lower Ahead of Idul Adha 1447 H Holiday

The Indonesia Stock Exchange Composite Index (IHSG) closed lower on Tuesday (26 May 2026), with profit-taking by investors ahead of the extended Idul Adha 1447 Hijriah holiday being the primary trigger for the index’s decline.

The IHSG fell 76.16 points, or 1.23%, to 6,130.19. The LQ45 index of 45 blue-chip stocks also declined 10.81 points, or 1.71%, to 620.40. Throughout the trading session, the IHSG remained in negative territory from open to close.

Ratna Lim, Head of Research at Phintraco Securities, explained that besides the holiday factor, negative sentiment also came from external sources. ‘The index decline was driven by profit-taking ahead of the holiday and MSCI rebalancing,’ she said in her analysis in Jakarta.

Global geopolitical tensions further pressured the market following recent US strikes on southern Iran. Instability in the region has raised market concerns despite earlier hopes for peace. In the foreign exchange market, the rupiah weakened 0.29% to Rp17,795 per US dollar.

In the commodities sector, global crude oil prices showed mixed movements. Brent crude rose 1.97%, while WTI fell significantly by 4.97%.

According to the IDX-IC Sectoral Index, almost all sectors closed in negative territory. The industrial sector saw the steepest drop at 3.66%, followed by property (2.30%) and non-essential consumer goods (2.27%). Only the infrastructure sector managed a marginal gain of 0.28%.

Trading frequency reached 1,964,477 transactions, with 241 stocks rising, 447 falling, and 133 stagnant. Top gainers included MGNA, ARTA, NZIA, ELFI, and AWAN, while top losers were MSIN, RISE, TALF, BHAT, and ASPR.

For the next trading session on Friday (29 May 2026), the IHSG is expected to fluctuate. ‘The IHSG is likely to trade between 6,000 and 6,200 this Friday,’ Ratna added.

The IHSG opened lower at 6,201.80 on Tuesday (26 May 2026). Investors monitored the single-door export policy for natural resources via PT Danantara.

PT Folago Global Nusantara Tbk (IDX: IRSX) formally partnered with over 150 Indonesian artists and content creators through a Memorandum of Understanding (MOU).

The IHSG opened 0.42% higher at 6,187.65 on Monday morning.

The Indonesia Stock Exchange Composite Index (IHSG) opened down 31 points, or -0.48%, at 6,128 on Monday morning (25 May).

The IHSG opened lower at 6,065 on Friday (22 May). Analysts warned of high volatility due to rupiah depreciation and global sentiment.

PT Karya Citra Nusantara (KCN) distributed seven cattle and 26 goats for sacrificial purposes to coastal communities, fishermen, and institutions in North Jakarta.

President Prabowo Subianto distributed 18 sacrificial cattle to Southeast Sulawesi. Governor Andi Sumangerukka added eight personal cattle for local residents.

Young people are embracing digital kurban ahead of Idul Adha 1447 H. The West Java Religious Affairs Agency (Kemenag Jabar) reminded stakeholders of sharia compliance, institutional legitimacy, and eco-friendly packaging.

Sacrificial animal stalls begin to emerge across Jakarta.

Demand for machetes, knives, and axes has risen ahead of Idul Adha 1447 Hijriah.