IHSG slides 3.08 percent; OJK chief: other stock exchanges fell further

JAKARTA — The Jakarta Composite Index (IHSG) closed down 3.08 percent to 6,396.268 in the first trading session on Tuesday, 19 May 2026. The index opened at 6,599.213. IHSG briefly touched an intraday high of 6,635.127 before sliding to a low of 6,376.343. Massive selling pressure was evident in the number of decliners. A total of 611 stocks were in the red, far more than the 96 stocks that advanced. A total of 107 stocks closed unchanged. Turnover reached Rp 15.131 trillion. Trading volume stood at 27.962 billion shares, with the number of trades surpassing 1.73 million. Market capitalisation of the Indonesia Stock Exchange (BEI) fell to Rp 11,160 trillion. “We view this as still in line with the regional bourse weakness,” Friderica said during a press conference at the Indonesia Stock Exchange (BEI) building on Tuesday. Friderica said several regional stock exchanges recorded deeper declines than the IHSG. Exchanges that rose did so only marginally. “Earlier we also saw many other bourses whose falls were even deeper. And if any rose, it was marginal today,” she added. Domestic market pressure was also affected by global geopolitical dynamics. The main sentiment stems from rising tensions in the Middle East. Expectations for tight global monetary policy also weighed on domestic financial markets. Friderica added that the domestic market was also influenced by sentiment after the MSCI Morgan Stanley Capital International rebalance decision, announced on May 12 US time or May 13 Indonesian time. “And this is also domestic sentiment following the MSCI rebalance decision that colleagues noted yesterday,” said the woman familiarly known as Kiki. IHSG weakened 1.98 percent on the first day after the MSCI announcement. IHSG declined 1.85 percent again on 18 May 2026 after the long holiday. “If you look at the declines, they remained moderate at 1.98 percent on the first day of the MSCI announcement, and yesterday at 1.85 percent on 18 May after the long holiday,” she concluded.