IHSG Morning Session Closes 1.37 Per Cent Lower, What's Behind the Decline?

JAKARTA — Indonesia’s Composite Stock Price Index (IHSG) closed lower in morning trading on Monday (16 April 2026). The index fell 97.806 points or 1.37 per cent to reach 7,039.406.

According to data from the Indonesia Stock Exchange (IDX), the IHSG moved in negative territory from the start of the session. The index opened at 7,115.451 and briefly touched a high of 7,120.185.

However, considerable selling pressure drove the IHSG down to a low of 6,917.322 before closing around the 7,039 level.

In terms of individual share movements, declining stocks significantly outnumbered advancing ones. A total of 537 stocks moved lower, 166 stocks gained ground, and 116 stocks remained unchanged.

The IHSG weakness has persisted over the past week of trading, or during the period 9–13 March 2026. Over that period, the index declined 5.91 per cent amid heightened pressure from both global and domestic sentiment.

Alongside the index weakness, foreign investors recorded net selling of 1.2 trillion rupiah in the regular market.

Hari Rachmansyah, Equity Analyst at PT Indo Premier Securities (IPOT), said the IHSG weakness was primarily driven by escalating geopolitical tensions between the United States and Iran, which continue to this day.

According to him, the escalation of this conflict has triggered a surge in energy commodity prices such as oil and coal. This has subsequently increased market concerns about potential global inflation spikes and the possibility of tighter global monetary policy over a longer timeframe.

These measures are being taken to ensure that the fiscal deficit remains below the 3 per cent threshold relative to gross domestic product (GDP).

“The combination of global uncertainty and cautious fiscal policy approach is driving investors to adopt a risk-off stance, thereby pressuring the IHSG’s movement throughout last week,” said Hari Rachmansyah in a press statement on Monday (16 April 2026).