IHSG Morning Session Marginally Corrected, Declining to 7,437 Level
Jakarta – Indonesia’s Composite Stock Price Index (IHSG) experienced a marginal correction of 0.04% or declined by 3.11 points to close at 7,437.81 at the end of morning trading today.
A total of 405 stocks advanced, 270 stagnated and 141 declined. Share trading volume reached 18.32 billion shares, with a transaction frequency of 1.09 million times, valued at Rp7.67 trillion.
Most sectors recorded gains, with the highest increases in the non-primary consumer goods, property and energy sectors. Meanwhile, the financial, infrastructure and raw materials sectors recorded the steepest declines.
Bank Central Asia (BBCA) was recorded as the main drag on IHSG performance with a contribution of -4.74 index points. Other listed companies that burdened the IHSG today included BREN, ASII, AMMN and BRMS.
The share market today will be influenced by several sentiments. One includes that Parliament will conduct a fit and proper test for candidates for the Financial Services Authority (OJK) board of commissioners. This occurs after the chairman of the board of commissioners, vice chairman of the board of commissioners, and board members of the OJK resigned at the end of January 2026.
Parliament’s Commission XI will immediately conduct a fit and proper test for 10 candidates put forward by the President today, Wednesday (11/3/2026), with 20 candidates having previously passed earlier selection rounds.
Five selected names will be directly determined on the same day, to then be ratified in a plenary session of Parliament on the following day, Thursday (12/3/2026).
Throughout yesterday, Tuesday, the market digested a series of macroeconomic data releases from the Asian region which indicated strengthening of fundamentals, alongside news flows of escalating geopolitical tensions in the Middle East that continue to fuel energy price volatility.
This morning’s report presents a chronicle of market developments throughout yesterday and projects the main focus of investors on Wednesday’s trading, where the release of United States inflation data this evening will become a determining factor for the subsequent direction of market movements.
Finance Minister Purbaya Yudhi Sadewa will hold a press conference on the “APBN KiTa” budget to present the state budget conditions for February 2026.
This press conference is highly anticipated amid the outbreak of war between Iran and Israel-United States. It remains to be seen whether Purbaya will announce new policies to anticipate the impact of the war, including measures to address the decline in government revenues.
It will be worth following to observe government spending developments through the first two months of this year. It is also worth noting how much government revenues have been collected through February 2026, particularly income tax receipts.
As a note, the state budget deficit reached 0.21% of GDP by January 2026. This deficit equates to Rp54.6 trillion. From government expenditure, Rp227.3 trillion was recorded or 5.9% of the APBN ceiling. Revenues reached Rp172.7 trillion.
Meanwhile, Asia-Pacific bourses resumed their upward trajectory as investors weighed developments in the geopolitical situation occurring in the Middle East, Wednesday (11/3/2026).
Australia’s S&P/ASX 200 index rose 0.35% in early trading. Japan’s Nikkei 225 index surged 1.36%, whilst Topix gained 1.22%. South Korea’s Kospi index rose 2.52%, whilst the Kosdaq index for smaller companies rose 1.39%.
Additionally, Hang Seng index futures contracts for Hong Kong stood at 25,936 compared with the last closing of the index at 25,959.9.