IHSG Continues Its Corrective Trend, Closes 0.82% Lower at 6,318.50

Jakarta, CNBC Indonesia – The Jakarta Composite Index (IHSG) continued its roller‑coaster session, ending 0.82% lower at 6,318.50 after a day of intraday volatility. A total of 483 stocks declined, 208 rose and 126 were unchanged. Turnover reached 41.13 billion shares, with a value of Rp 22.36 trillion and 2.47 million trades. Earlier, ahead of President Prabowo Subianto’s speech at the House of Representatives, the IHSG briefly reversed its slide and jumped about 1% to 6,430.97 after opening lower. The market reacted negatively to Prabowo’s announcement of a one‑window export regime for Indonesia’s strategic natural resources, including coal and palm oil. Before the early session trimming, the IHSG had tumbled nearly 2.5% after the announcement of a state‑owned export bureau. The vast majority of sectors were weaker, with infrastructure and raw materials contributing the most to the decline, while technology and financials bucked the trend. Mining stocks broadly fell, particularly coal stocks that could be affected by the new rules; gold miners also generally declined, with the exception of Aneka Tambang (ANTM). Even so, state‑controlled coal miner Bukit Asam (PTBA) rose more than 6% on the day. Stocks weighing on the IHSG included BREN, TPIA, BRPT, DCII, AMMN and BUMI. Investor sentiment today was shaped by anticipated Bank Indonesia (BI) policy news; the central bank is due to announce the results of the Board of Governors Meeting (RDG) on Wednesday afternoon. This decision is among the most watched agenda items for market participants, given ongoing pressure on the rupiah and domestic financial markets.