IHSG Closes Down 144 Points, Analysts Highlight High Global Oil Prices Burdening the State Budget

Jakarta, VIVA - The Composite Stock Price Index (IHSG) trimmed its sharp correction slightly, though it remained in negative territory. The IHSG fell 2.03 percent or 144.42 points to close at 6,956.80 during Thursday’s trading session on 30 April 2026.

Based on observations from VIVA on Stockbit, the IHSG’s decline reached 6,879 at the start of the second trading session. The index then rebounded to 6,980, reducing the earlier drop that had hit 3.02 percent.

The total transaction value for the day’s trading session reached Rp 21.83 trillion. The daily transaction volume was 481.95 million shares, with a total of 2.66 million trades.

All stock sectors declined, led by a sharp 2.95 percent drop in the industrials sector. The infrastructure sector plunged 2.93 percent, basic materials fell 2.90 percent, and property and non-cyclical consumer sectors tumbled 2.19 percent.

Cyclical consumer stocks weakened by 1.84 percent, the financial sector collapsed 1.73 percent, health stocks eroded 1.15 percent, energy plunged 1.08 percent, technology shrank 0.93 percent, and transportation fell 0.80 percent.

“The IHSG weakened amid the continued rise in oil prices on Thursday,” said the Phintraco Sekuritas analysis team in their daily research note on 30 April 2026.

Phintraco Sekuritas analysts noted that the surge in energy prices stems from uncertainties surrounding ongoing negotiations between the United States (US) and Iran. The situation worsened when President Donald Trump threatened not to lift the blockade in the Strait of Hormuz unless Iran agrees to US terms.

“The prolonged high oil prices beyond expectations are heightening concerns about inflation and the potential widening of the 2026 state budget deficit,” added the Phintraco Sekuritas analysts.

Phintraco Sekuritas reported that certain issuers remained resilient amid the correction storm at the end of April. Here are the three stocks with the highest price gains among the blue-chip (LQ45) stocks.

PT Bumi Resources Tbk (BUMI)

BUMI shares strengthened 4.35 percent or 10 points, closing at 240.

PT Alamtri Resources Indonesia Tbk (ADRO)

ADRO shares rose 3.28 percent or 80 points to 2,520.

PT Adaro Andalan Indonesia Tbk (AADI)

AADI shares increased 2.65 percent or 300 points to 11,600.