IHSG Plunges 1.81 Per Cent in First Trading Session
Jakarta — Indonesia’s Composite Stock Price Index (IHSG) plummeted at the close of the first trading session on Friday. The index fell 133.17 points or 1.81 per cent to the 7,228.95 level.
The index had previously opened at 7,338.82 and briefly rose to touch a high of 7,350.28. However, increased selling pressure caused the IHSG to reverse direction and continue declining to a low of 7,188.08, before finally closing around the 7,228 level.
The pressure on the stock market was widespread. Of the total stocks traded, 595 shares fell, 128 strengthened and 89 remained flat.
Trading activity on the Exchange was recorded as fairly brisk with a trading volume reaching 16.72 billion shares. Daily transaction value stood at approximately Rp7.40 trillion with trading frequency of 942,558 transactions.
The IHSG was indeed expected to move consolidatively on Friday’s trading (13/3/2026), following the index’s close with a correction of 0.37 per cent to the 7,362.117 level on Thursday.
Capital market analyst and Founder of Republik Investor, Hendra Wardana, stated that IHSG support could potentially be in the 7,300 area with resistance at 7,420.
“For the next trading session, IHSG movement is expected to remain consolidative with a tendency to move in the support range of 7,300 to resistance 7,420,” said Hendra when contacted by Kompas.com.
This was also supported by foreign fund flows that continued to enter the domestic stock market.
For reference, Thursday’s market pressure was primarily driven by escalating geopolitical tensions in the Middle East, which drove global oil prices to briefly break back through the psychological $100 per barrel level.
Reports of attacks on vessels in the Strait of Hormuz and waters near Iraq sparked concerns about potential disruptions to global energy supply. This condition made market participants inclined to be cautious because conflicts in the world’s strategic oil distribution route could potentially push global inflation back up.
“This condition makes market participants tend to be more cautious because conflict in the world’s strategic oil distribution route could potentially push global inflation back up and slow expectations for interest rate reductions by major central banks,” he explained.
If global inflation rises again, expectations for interest rate reductions by major central banks could also be delayed, triggering volatility in financial markets.
Amid such external sentiment, the IHSG was considered to be relatively well-maintained due to foreign fund flows once again recording net buying of approximately Rp905 billion. This demonstrates that global investors still view Indonesian stock market valuations as sufficiently attractive, particularly in large-cap stocks that remain fundamentally solid.
Additionally, the rupiah’s position in the spot market around Rp16,885 per US dollar also provided some support for domestic capital market sentiment, despite global volatility remaining quite elevated.