IHSG Cuts Losses, Weakens 0.31% to 8,209 Level
Jakarta – The Jakarta Composite Index (IHSG) declined during Friday’s (27 February 2026) trading session, continuing sustained selling pressure in the capital market.
The IHSG, which had recorded a decline of 1.47%, managed to cut losses significantly, though remained in negative territory. At the end of the morning trading session, the IHSG weakened 0.31% or fell 25.93 points to the 8,209.33 level.
From a liquidity perspective, transaction value reached Rp11.26 trillion with a volume of 26.49 billion shares across 1.51 million transactions. 420 stocks declined, 239 advanced, whilst 156 remained flat—reflecting dominant selling pressure in the market.
According to Refinitiv data, the IHSG’s weakness today was primarily caused by corrections in mega-cap stocks (big caps) that carry substantial weightings in the index.
A range of conglomerate shares including Barito Renewables Energy (BREN), Chandra Asri Pacific (TPIA) and Dian Swastatika Sentosa (DSSA) acted as drags on the index’s performance today.
The 10 largest index-drags based on index point contributions were:
Bank Central Asia (BBCA): -9.48 points
Bank Rakyat Indonesia (BBRI): -7.86 points
Telkom Indonesia (TLKM): -6.31 points
Dian Swastatika Sentosa (DSSA): -5.22 points
Astra International (ASII): -5.12 points
United Tractors (UNTR): -4.13 points
Barito Renewables Energy (BREN): -1.85 points
Indofood Sukses Makmur (INDF): -1.67 points
Chandra Asri Pacific (TPIA): -1.56 points
Bank Mega (MEGA): -1.55 points
The largest pressure clearly originated from energy and conglomerate shares (BREN, DSSA, TPIA) as well as major banking stocks (BBCA and BBRI) that hold significant weightings in the index structure.
During Friday’s trading, the stock market movement is likely to remain sideways with potential weakness. Correction room opened following Thursday’s trading when market participants began taking profit.
From a technical perspective, the IHSG’s weakness on Thursday has also made signals of continued correction increasingly apparent. The indication emerged through the formation of a Bearish Rising Wedge pattern—a price increase pattern occurring within a progressively narrowing movement range. This condition is often interpreted as a sign that the uptrend is losing momentum and is vulnerable to reversal.
The pattern emerged after the IHSG plummeted in late January before gradually climbing. However, the index failed several times to breach the psychological 8,400 level. The failure to advance at that level was subsequently followed by wedge formation, which in theory often concludes with a downside breakout and triggers further correction.
If this Bearish Rising Wedge scenario is confirmed, the IHSG has potential to test support areas in the 7,900 to 7,800 range, or open room for a decline of approximately 4%.