IHSG Plunges 2.73% in First Session, Tumbling to 5,835 Level
The Indonesian Composite Index (IHSG) reversed course to slump nearly 3% during the first trading session on Friday (26/6/2026), after opening higher. The decline occurred amid widespread selling pressure that hit the majority of stocks on the Indonesia Stock Exchange (BEI).
By the end of the first session, the IHSG had fallen 2.73%, or 164 points, to 5,835.11. During the day’s trade, the index touched a high of 6,045 before reversing to hit a low of 5,830.
Selling pressure was intense, with 593 stocks declining, only 91 advancing, and 123 remaining unchanged. Transaction value reached approximately Rp6.39 trillion, with a trading volume of 11.70 billion shares across 933,000 transactions.
The most actively traded stocks included TPIA, BBCA, BMRI, DSSA, and TLKM.
All sectors ended the session in negative territory, with the deepest corrections recorded in raw materials (-5.73%), consumer non-cyclicals (-3.04%), utilities (-4.48%), and technology (-3.85%).
Specifically, the stocks weighing most heavily on the IHSG’s performance were Mora Telematika Indonesia (MORA), contributing 11.21 index points to the decline, followed by TLKM (-9.40 points), EMAS (-8.51 points), BRMS (-7.95 points), and BMRI (-7.82 points).
Entering Friday’s trading, IHSG movements were expected to be overshadowed by a combination of external and domestic sentiment. Externally, markets were digesting stronger US economic data, which could reinforce the Federal Reserve’s hawkish stance. Domestically, investors responded to the Deposit Insurance Corporation’s (LPS) increase in the deposit guarantee interest rate and developments regarding the planned issuance of Panda Bonds.
From the external side, US Personal Consumption Expenditures (PCE) inflation for May 2026 rose to 4.1% year-on-year, the highest since April 2023 and well above the Fed’s 2% target. Meanwhile, US economic growth for the first quarter of 2026 was revised up to 2.1%, higher than previous estimates, while jobless claims fell to 215,000, indicating a still-solid labour market. The combination of reheating inflation and a robust economy increases the likelihood of the Fed maintaining higher interest rates for longer, potentially supporting the US dollar and pressuring capital flows into emerging markets, including Indonesia.
On the domestic front, the Indonesia Deposit Insurance Corporation (LPS) raised the deposit guarantee interest rate for rupiah deposits at commercial banks to 3.75% for the period of 1 July to 30 September 2026. This measure was taken to maintain the credibility of the guarantee rate amid rising interest rates and pressure on the rupiah exchange rate.
Additionally, the government confirmed that the issuance of yuan-denominated Panda Bonds is still targeted for early July 2026. This instrument is part of the government’s strategy to diversify its financing sources and broaden access to China’s financial market.