IHSG Closes Down 2.85%, Analysts Reveal Two Sentiments Behind the Plunge

The Jakarta Composite Index (IHSG) corrected by 2.85% or 204.92 points ahead of the weekend, causing the index to plunge to 6,969.39 at the close of trading on Friday, 8 May 2026.

Analysts from Phintraco Sekuritas stated that the index’s weakening was caused by several negative factors, namely the correction in global markets due to the re-escalation of conflict between the United States (US) and Iran. Pressure was also influenced by proposals for royalties on several metal commodities, including nickel, copper, gold, silver, and tin.

The IHSG moved within the range of 6,969 to 7,187 throughout the trading session today. Daily trading volume reached Rp53.78 billion, with total investor trading activity recorded at 2.76 million transactions.

The basic materials sector slumped the most at 7.80%. Other drastic declines were recorded in the transportation sector at 5.72% and the energy sector at 4.59%.

Meanwhile, the healthcare sector was the only one to post a positive result of 0.70% while the majority of sectors burned.

“Next week, the consumer confidence index, retail sales, and motorcycle sales are scheduled to be released. In addition, investors will await the MSCI rebalancing announcement on 12 May 2026,” said the Phintraco Sekuritas analyst, quoted from their daily research on Friday, 8 May 2026.

Several issuers also managed to record gains. Here are the three stocks with the highest price jumps (top gainers) among the leading stocks (LQ45).

PT Mitra Adiperkasa Tbk (MAPI)

MAPI shares surged double digits by 12.36% or 160 points and closed at 1,455.

PT Indosat Tbk (ISAT)

ISAT shares rose 4.19% or 90 points to 2,240.

PT Kalbe Farma Tbk (KLBF)

KLBF shares soared 2.22% or 20 points to 920.