IHSG Loses Momentum, Down 1.21% in Morning Session
Jakarta, CNBC Indonesia — The Composite Stock Price Index (IHSG) ended in the red zone at the close of the morning session today, Thursday (26/3/2026). The IHSG was recorded down 1.21% or -88.04 points to the level of 7,214.08.
A total of 371 stocks declined, 311 rose, and 276 were unchanged. The transaction value was quite large, namely Rp 25.94 trillion. However, Rp 18.8 trillion consisted of FAP Agri (FAPA) transactions in the negotiation market.
A total of 18.71 billion shares changed hands in 1.03 million transactions. Market capitalisation at the end of the morning session fell to Rp 12,693 trillion.
In contrast to yesterday’s trading, almost all sectors were in the red this afternoon. Basic materials, technology, and utilities were the sectors with the deepest declines.
Even the stocks that supported the IHSG yesterday became weights this afternoon. Telkom (TLKM) rose 8.2% in yesterday’s trading, but this afternoon it fell -3.64%. TLKM dragged the IHSG down by 12.62 index points.
Then Astra (ASII) fell 4.55% to the level of 6,300. Whereas yesterday it rose 13.79%. ASII also burdened the IHSG by 12.28 index points.
Similarly, stock exchanges in the region were on fire again. This afternoon, the Nikkei in Japan fell 0.84%, the Kospi in South Korea -2.44%.
Quoting CNBC.com, stock markets in the region experienced sharp corrections following statements from Iranian Foreign Minister Abbas Araghchi. He said that the exchange of messages between the two countries through a mediator does not mean that the country is currently negotiating with the United States.
Previously on Wednesday, Iranian state media reported that the country would reject the US ceasefire offer and has outlined its own conditions to end the war.
Thierry Wizman, global foreign exchange and interest rate strategist at Macquarie Group, said that a ceasefire is not likely to happen soon.
“On the contrary, intensification of military actions by the US as they try to push Iran to make significant concessions is likely to occur in the next two weeks, before a major combat operation succeeds, possibly in mid-April,” Wizman said.
“The war may now enter a third phase of ‘talk and fight,’ rather than just talking, or just fighting,” he wrote in a note.
Then from domestically, Finance Minister Purbaya Yudhi Sadewa opened the possibility of placing government funds in private banks, but with strict conditions. He emphasised that only banks with strong fundamentals or a “healthy kitchen” could be considered.
“Private banks, if they want, we will open it later, the healthy ones. If not, I’ll go to prison again,” Purbaya said during a halal bihalal with reporters, Wednesday (25/3/2026).
On the same occasion, Purbaya revealed that he has added government fund placements to state-owned bank consortia (Himbara) and Bank Jakarta by Rp 100 trillion. With this addition, the total funds placed reach around Rp 300 trillion.