IHSG closes lower amid profit-taking ahead of Eid al-Adha holidays

Jakarta - The Jakarta Composite Index (IHSG) of the Indonesia Stock Exchange (BEI) closed lower on Tuesday afternoon amid profit-taking by market participants ahead of the Eid al-Adha 1447 Hijri holidays and public holidays. The IHSG fell 76.16 points, or 1.23%, to 6,130.19. Meanwhile, the LQ45 index of 45 blue-chip stocks dropped 10.81 points, or 1.71%, to 620.40. ‘The index’s decline was driven by profit-taking ahead of the holidays and MSCI rebalancing,’ said Ratna Lim, Head of Research at Phintraco Securities, in her analysis on Tuesday in Jakarta. Internationally, recent US strikes targeting Iranian missile sites and suspected mine-laying vessels, amid heightened hopes for peace, added negative sentiment to the market. The rupiah weakened 0.29% to Rp17,795 per US dollar, despite a decline in the US dollar index. Conversely, Brent crude oil prices rose 1.97% while WTI fell 4.97%. ‘Thus, the IHSG is expected to trade between 6,000 and 6,200 on Friday, 29 May 2026,’ she said. Opening lower, the IHSG remained in negative territory until the first session’s close. The index stayed in the red through the second session until closing. According to the IDX-IC Sectoral Index, one sector rose, led by infrastructure up 0.28%. Ten sectors declined, with the industrial sector dropping the most at 3.66%, followed by property and non-primary consumer goods sectors, down 2.30% and 2.27% respectively. The top gainers were MGNA, ARTA, NZIA, ELFI, and AWAN, while the biggest losers were MSIN, RISE, TALF, BHAT, and ASPR. Trading volume reached 1,964,477 transactions with 24.88 billion shares valued at Rp18.09 trillion. Of the traded stocks, 241 advanced, 447 declined, and 133 remained unchanged. Asian regional markets closed lower today: the Nikkei fell 188.19 points (0.29%) to 64,970.00, the Shanghai Composite dropped 7.20 points (0.17%) to 4,145.27, the Hang Seng declined 6.58 points (0.03%) to 25,599.45, while the Straits Times Index rose 41.75 points (0.82%) to 5,028.80.