IHSG Plunges 1.05 Per Cent: These Stocks Are Hit Hardest!

Thu, 26 Feb 2026, 20:46 WIB | By Gana Buana | Source: MEDIA_INDONESIA | Economy

The Jakarta Composite Index (IHSG) of the Indonesia Stock Exchange (IDX) experienced a significant decline on Thursday afternoon, falling 86.97 points or 1.05 per cent, with the index closing at 8,235.26.

This decline was largely triggered by market concerns over new tariffs from the United States.

The IHSG moved negatively throughout the day, although it opened higher. In the second trading session, the IHSG remained in the red until the market closed.

In the sectors that experienced the largest decline, stocks related to the energy, logistics, and non-primary consumer goods sectors were the most affected. Among the stocks that weakened the most today were INDS, SKBM, ARKO, BUVA, and KONI.

Meanwhile, a number of stocks that showed an increase were MSKY, JAYA, DIVA, IFSH, and STAR, although overall the market was still filled with concerns.

The negative sentiment came from the announcement of new tariff policies by the US Department of Commerce against countries that produce solar panels, including Indonesia.

The US decided to impose high import tariffs on solar cell and panel products from Indonesia, which had a direct impact on issuers in the energy and logistics sectors. The tariff imposed on Indonesia is 104.38 per cent, while local companies such as PT Blue Sky Solar and PT REC Solar Energy were each subject to much higher individual tariffs.

According to Phintraco Sekuritas analyst, Ratna Lim, the tariff policy added to existing uncertainty, worsening investor sentiment in the domestic stock market.

“Although the IHSG had strengthened, this US tariff policy has triggered a correction,” she said.

The volume of stock trading was recorded at 54.17 billion shares with total transactions reaching IDR 28.08 trillion. As many as 157 shares were recorded as increasing, while 594 shares fell.

On the other hand, the transportation and logistics sector recorded the largest decline with a minus 2.60 per cent, followed by the non-primary consumer goods and raw materials sectors, which fell 1.98 per cent and 1.74 per cent, respectively.

Although the IHSG experienced a decline, some analysts still see potential for certain stocks to hold or even rise. Based on the stronger sectors, such as energy and logistics, investors may see opportunities in the price retracement area. (Emtrade/Ant/Z-10)

The IHSG closed lower today at 1.05 per cent to the level of 8,235.26. Market participants are concerned about solar panel import tariffs and a fisheries sector investigation by the United States.

The Jakarta Composite Index (IHSG) on Thursday, February 26, 2026, opened in the green zone.

The Jakarta Composite Index (IHSG) of the Indonesia Stock Exchange on the opening of trading on Wednesday, February 25, 2026, experienced an increase.

The IHSG closed lower today to the level of 8,280.83. See analysis of the index correction trigger, the impact of US tariff policies, and a list of top gainers and losers.

The IHSG on Tuesday (24/2/2026) opened higher by 31.97 points or 0.44 per cent to 7,218.34. See analysis of the movement of the domestic stock exchange today.

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