IHSG Ends First Session in the Red, Slumps by 343.192 Points

Jakarta — The Jakarta Composite Index (IHSG) closed under pressure in the first trading session on Wednesday (4 March 2026). The index fell 343.192 points, or 4.32 percent, to 7,596.575. According to data from the Indonesia Stock Exchange (BEI), the IHSG opened at 7,896.377 and briefly touched its intraday high of 7,897.812. However, heavy selling pressure pushed the index lower and it hit an intraday low of 7,584.858. The weakness was reflected in the dominance of stocks in the red zone, with 713 shares falling, far more than the 63 that rose, and 37 unchanged. Trading activity remained fairly brisk, with a volume of 35.079 billion shares and a value of Rp 18.109 trillion. Trades amounted to 2,123,098 transactions. Irvan noted that regional indices such as Kospi, SET, Kosdaq, Nikkei, Taiwan TAIEX, and ASX also posted sharp declines on Wednesday. South Korea’s stock exchange even suspended trading temporarily after its index fell more than 8 percent. “The movement of the IHSG is in line with other regional indices that also declined sharply, such as Kospi, SET, Kosdaq, Nikkei, Taiwan TAIEX, and ASX. South Korea even experienced a trading halt after dropping more than 8 percent,” he said when contacted by reporters. This situation has sparked market concerns about a potential global energy crisis, with oil prices rising in recent days. “This is the result of the escalation of geopolitical tensions in the Middle East that is intensifying, and Iran’s closure of the Hormuz Strait which raises fears of an energy crisis. This has already been reflected in higher global oil prices,” he stated.