IHSG Closes Down 3%, Trading Subdued Ahead of Eid Holiday
Jakarta — Indonesia’s composite stock index (IHSG) closed down 3.05% or -224.91 points at 7,137.21 on Friday (13 March 2026).
A total of 656 stocks declined, 113 rose, and 189 remained unchanged. Trading ahead of the extended Eid holiday proved subdued. Transaction value reached Rp 14.02 trillion, involving 27.08 billion shares across 1.58 million transactions. Market capitalisation fell to Rp 12.678 trillion.
The IHSG remained in negative territory throughout the morning session, experiencing considerable volatility. The index briefly plummeted more than 2% to its lowest point at 7,188.08 before closing down 1.81% at the end of the first trading session.
Bank Mandiri (BMRI) and Bumi Resources (BUMI) registered the highest transaction values, at Rp 1.88 trillion and Rp 1.76 trillion respectively.
According to Refinitiv data, all sectors closed in negative territory. Technology led the declines with a 4.86% drop, followed by energy at 3.37% and non-essential consumer at 3.24%.
The heaviest drags on the index came from Dian Swastatika Sentosa (DSSA) with -30.7 index points, Amman Mineral (AMMN) contributing -17.45 index points, and DCI Indonesia (DCII) with -17.11 index points.
Beyond the IHSG, Asian markets also faced pressure. Japan’s Nikkei index fell 1.16% whilst South Korea’s Kospi declined 1.72%.
Market pressure today reflected investor concerns over oil supplies amid the ongoing conflict between Iran, the United States, and Israel. Crude oil prices have surged more than 38% in less than two weeks due to serious threats to global supply routes.
Brent crude reached US$100.72 per barrel, whilst West Texas Intermediate (WTI) stood at US$95.37 per barrel.
The surge was driven by attacks on two tanker ships and an oil port facility in Iraqi waters, triggering concerns about navigation security in the Strait of Hormuz. Iran’s military has warned that oil prices could spike to as high as US$200 per barrel.
In other developments, amid large-scale military operations launched by the United States and Israel, US intelligence indicates that Iran’s government leadership structure remains intact and far from collapse. The assessment confirms that the Tehran regime retains full control over its population.
The position of supreme leader has been succeeded by Khamenei’s son, Mojtaba, to maintain stability. Meanwhile, an Iranian Kurdish militia group offered assistance with a rebellion, but President Donald Trump rejected the option due to intelligence doubts about their military capabilities.
According to recent reports, Mojtaba stated in his first public address since becoming Iran’s supreme leader that the Strait of Hormuz must remain closed. This measure is intended to serve as a tool to pressure adversaries.