IHSG Falls More Than 2 Per Cent as US-Israel-Iran Tensions Pressure Market

Indonesia’s composite stock index (IHSG) experienced a deeper decline during Monday afternoon trading. The IHSG plummeted 2.65 per cent or 218.65 points to 8,016.83 in the final trading session on Monday, 2 March 2026.

Entering the second trading session, the IHSG gradually eroded to touch the 8,027 level, which was lower than the sharp correction in the first session to the 8,044 area.

Transaction value reached Rp 29.84 trillion whilst trading volume totalled Rp 566.05 million. This represented an accumulation of 3.65 million transactions from investors.

The energy sector was the sole sector to record gains of 1.54 per cent. The consumer sector fell the deepest, declining 7.60 per cent.

The industrial sector declined 5.95 per cent, the property sector fell 4.14 per cent, the infrastructure sector contracted 4.13 per cent and the technology sector fell 3.77 per cent. Other corrections also affected the non-cyclical consumer sector by 3.58 per cent, the transportation sector fell 2.74 per cent, the financial sector weakened 2.67 per cent, the healthcare sector fell 2.16 per cent and the raw materials sector weakened 0.87 per cent.

Analysts at Phintraco Securities stated that attacks by the United States and Israel against Iran have triggered open conflict and prompted global investors to shun risky assets. Rising crude oil prices fuel concerns about potential inflation increases which, if prolonged, could drive higher interest rates.

“However, the majority of energy and gold mining-related stocks posted gains, thereby limiting further weakness in the IHSG,” said Phintraco Securities analysts in their daily research on Monday, 2 March 2026.

From a technical perspective, Phintraco Securities analysts observed that the IHSG remained above the psychological 8,000 level and above the 200-day moving average. However, the narrowing positive MACD histogram continued and could potentially form a Death Cross.

Phintraco Securities reported three listed companies achieved the highest price jumps amongst the 45 most active shares (LQ45):

PT Medco Energi Internasional Tbk (MEDC)

MEDC shares surged double digits by 15.65 per cent or 270 points to 1,995.

PT Adaro Andalan Indonesia Tbk (AADI)

AADI shares strengthened by 7.03 per cent or 650 points to the 900 level.

PT Aneka Tambang Tbk (ANTM)

ANTM shares shone after recording gains of 5.98 per cent or 260 points, closing at the 4,610 level.