IHSG Closes Up 1.2% Today, 481 Stocks in Green Zone
Jakarta — The Indonesian Composite Index (IHSG) closed trading on the final business day before the long Eid holiday in positive territory.
The IHSG closed up 84.55 points or 1.2% at the level of 7,106.84. Across the market, 226 stocks declined, 481 rose, and 251 remained unchanged.
Throughout today’s trading, the IHSG moved within the green zone with a range of 7,059.89 to 7,148.25. Transaction value reached Rp 23.73 trillion, involving 28.68 billion shares in 1.52 million transactions. Market capitalisation increased to Rp 12.547 trillion.
Trading in the regular market today was relatively quiet. Without AMRT transactions in the negotiated market, total transaction value today would be approximately Rp 16 trillion.
Unlike yesterday’s trading, the majority of sectors remained in the green zone until midday. According to Refinitiv data, technology led gains with an increase of 3.65%.
This coincided with conglomerate stocks, particularly DCI Indonesia (DCII), serving as the main pillar supporting the IHSG. DCII, which rose 5.8% to 208,975, contributed 11.39 index points.
Then in the second session, several stocks of Prajogo Pangestu surged. However, only Petrindo Jaya Kreasi (CUAN) and Barito Pacific (BRPT) maintained their positions in the green zone. Among the top movers, BRPT contributed 6.02 index points.
Meanwhile, today marked the final IHSG trading session during Ramadan 1447 H or 2026.
According to CNBC Indonesia records, since Ramadan began on 19 February 2026 until Monday of last week (16 March 2026), the IHSG has plummeted 15%. This performance is particularly poor considering that over the past five years, the IHSG has typically strengthened during Ramadan. In Ramadan 2025, for instance, the IHSG surged 3.8%.
Another troubling record is the prevalence of red-zone closes during Ramadan. Over 18 trading days in this year’s Ramadan, the IHSG only gained ground five times, with the remaining 72% ending in the red zone.
Pressure on the IHSG during this Ramadan was initially triggered by turmoil caused by MSCI’s decision to freeze its indices for Indonesia’s stock market. This prompted the Financial Services Authority and the Indonesia Stock Exchange to implement market reforms.
After MSCI pressure eased, geopolitical escalation intensified due to war between the United States and Israel against Iran. In the latest developments, several American allies rejected US President Donald Trump’s call on Monday to send warships to escort tankers through the Strait of Hormuz.
This rejection sparked criticism from the US president, who accused Western partners of ingratitude after decades of support from Washington.
The US-Israel war against Iran has now entered its third week with no signs of imminent resolution. The Strait of Hormuz, a critically important shipping route through which approximately 20% of the world’s crude oil and liquefied natural gas flows, remains largely closed, triggering energy price increases and inflation concerns.