IHSG Session 1 Closes Modestly Higher, Three Big-Cap Stocks Remain Under Pressure

JAKARTA, KOMPAS.com - The Jakarta Composite Index (IHSG) reversed to close higher in the first trading session on Friday (22 May 2026), after fluctuating since market open. The index closed up 18.501 points or 0.30 percent at 6,113.442. However, the session remained pressured by selling in several conglomerate stocks and big-cap issuers. Still, the weakness was offset by rallies in several commodity and energy sector stocks. PT Merdeka Copper Gold Tbk (MDKA) surged 17 percent, while PT Petrosea Tbk (PTRO) rose 6.6 percent and PT Bumi Resources Minerals Tbk (BRMS) gained 6.2 percent. Sectorally, the index was supported by gains in six of eleven sectoral indices. On the other hand, the IDX Technology sector continued to be the most pressured amid weakness in several technology stocks. Positive sentiment also came from Asian markets, which were majority in the green in late trade. Tokyo and Hong Kong led the gains, as regional market sentiment improved. In the morning, movement was volatile. The IHSG briefly touched a low of 5,966.860 before slowly recovering to a high of 6,135.124. The opening level was at around 6,065.626. Market activity was brisk with a traded volume of 19.945 billion shares. Transaction value reached Rp 10.170 trillion with a turnover frequency of 1.14 million transactions. The market capitalisation of the Indonesia Stock Exchange stood at Rp 10,593 trillion.