IHSG Plummets 2.56 Per Cent to 6,954 at Start of Monday Trading
Jakarta, 16 March 2026 – The Jakarta Composite Index (IHSG) weakened sharply at the start of Monday trading (16 March 2026). According to Indonesia Stock Exchange (IDX) data, the IHSG plummeted 182.87 points or 2.56 per cent to 6,954.34.
The IHSG opened at 7,115.45, lower compared to the previous close at 7,137.21. During the opening session, the index touched an intraday high of 7,120.19 and a low of 6,917.32.
Trading activity in the stock market remained fairly brisk. Trading volume reached 9.384 billion shares with transaction value of approximately 3.804 trillion rupiahs.
From a stock movement perspective, 92 stocks advanced, 594 stocks declined, and 272 stocks remained unchanged.
Several major stock indices were uniformly in the red at the start of trading. The LQ45 index fell 2.70 per cent to 708.68. The Jakarta Islamic Index (JII) weakened 3.68 per cent to 454.98.
The KOMPAS100 index also corrected 2.95 per cent to 959.39. Meanwhile, the Indonesia Sharia Stock Index (ISSI) fell 3.04 per cent to 241.73.
The IDX30 was recorded as declining 2.02 per cent to 383.93, whilst JII70 fell 3.36 per cent to 173.70.
Capital market analyst and founder of Republik Investor Hendra Wardana stated that technically the IHSG has support levels around 7,050 to 7,000.
“The important support area for the index currently lies around 7,050 to 7,000, which has the potential to become a point of defence for domestic investors to accumulate,” said Hendra when contacted by Kompas.com on Sunday, 15 March 2026.
He added that if global pressure continues, it is possible the IHSG will test the 6,900 area as the next support level.
According to Hendra, global dynamics remain the dominant factor affecting market sentiment. The surge in global oil prices, which has again breached the 100 US dollars per barrel mark due to increased geopolitical tensions in the Middle East, has triggered market concerns about potential energy inflation increases.
As expectations for interest rate cuts begin to diminish, global capital flows tend to become more cautious towards risky assets, including stocks in emerging market economies such as Indonesia.
Meanwhile, MNC Securities Head of Research Herditya Wicaksana predicts that IHSG movements on Monday trading remain vulnerable to correction.
“For Monday, we forecast IHSG movements remain susceptible to correction with support at 7,071 and resistance at 7,248,” said Herditya.
He added that investors are also monitoring developments in Middle East conflicts as well as sentiment ahead of the extended holiday period around Nyepi and Lebaran.