IHSG First Session Plunges 1.43%, BREN, BBCA, and ASII Shares Weigh Heavily

JAKARTA - The Composite Stock Price Index (IHSG) closed sharply down during the first trading session on Tuesday (12/5/2026). According to data from the Indonesia Stock Exchange (BEI), the IHSG weakened by 1.43% to the level of 6,807 at the end of the first trading session. The greatest pressure came from large-cap stocks. Shares of PT Ekamas Mora Republik Tbk (MORA) became the main drag after plunging 15%. In addition, shares of PT Barito Renewables Energy Tbk (BREN) fell 3.7%. From a sectoral perspective, only the transportation sector remained in the green zone. Meanwhile, the industrial and infrastructure sectors led the market’s weakening in the first trading session. Movements in Asian stock markets appeared varied. The Tokyo and Hong Kong exchanges strengthened during midday trading. Conversely, the Mumbai and Shanghai exchanges were in the red zone. The IHSG initially opened higher at 6,946.84. The index even reached a daily high of 6,977.28. However, increasing selling pressure caused the IHSG to reverse direction, touching a low of 6,802.84. Trading activity was also observed to be brisk. The transaction volume reached 18.89 billion shares with a transaction value of Rp7.50 trillion. The trading frequency was recorded at 1.49 million transactions.