IHSG Plummets 3.8 Per Cent as MSCI and FTSE Russell Effects Pressure Market
JAKARTA — The IHSG moved into the red zone again during trading on Monday (18/5/2026). Global market pressures, the weakening of the Rupiah, and sentiments surrounding the MSCI rebalancing and FTSE Russell policies have pressured the domestic stock market since the start of trading.
According to data from the Indonesia Stock Exchange (BEI) as of approximately 10:09 WIB, the IHSG currently stands at 6,466.95, down 256.37 points or 3.81 per cent. Previously, during pre-opening trading, the IHSG fell 94.344 points or 1.40 per cent to the level of 6,628.98. Upon the opening session, the IHSG immediately entered the red zone and continued its decline.
Stock trading activity was observed to be high, with transaction volumes reaching 13.61 billion shares. The transaction value was recorded at Rp 7.77 trillion, with a trading frequency of 1.152 million transactions. In terms of stock movement, 82 stocks strengthened, 703 stocks weakened, and 174 others remained stagnant.
The IHSG plummeted alongside the majority of major stock indices, which also moved into the red. The LQ45 index fell 20.32 points or 3.09 per cent to the level of 637.56. Meanwhile, the ISSI index was recorded to have dropped 8.95 points or 3.68 per cent to 234.05. Weakness was also seen in the IDX30 index, which fell 9.51 points or 2.56 per cent to 361.77, while the JII70 index corrected by 6.73 points or 3.94 per cent to 163.93.
Pressure on the IHSG since the end of last week was also triggered by the removal of several Indonesian stocks from the Morgan Stanley Capital International (MSCI) global indices. In the latest index adjustment, MSCI officially removed six Indonesian stocks from the MSCI Global Standard Indexes. These six stocks are PT Amman Mineral Internasional Tbk (AMMN), PT Barito Renewables Energy Tbk (BREN), PT Chandra Asri Pacific Tbk (TPIA), PT Dian Swastatika Sentosa Tbk (DSSA), PT Petrindo Jaya Kreasi Tbk (CUAN), and PT Sumber Alfaria Trijaya Tbk (AMRT).
Negative sentiment towards the domestic market increased further after FTSE Russell issued a strong signal regarding Indonesian stocks with high shareholding concentration (HSC).