IHSG Still Bearish, Session I Down 0.6% to 6,332

Jakarta, CNBC Indonesia – The Jakarta Composite Index (IHSG) turned negative again after previously being in positive territory. Like a roller coaster, the IHSG is now down 0.6% to 6,332.18 at the close of the first trading session today, Wednesday, 20 May 2026.

A total of 521 stocks declined, only 165 rose, and 128 were unchanged. The trading volume reached 27.55 billion shares, with a value of Rp 13.67 trillion and 1.6 million transactions.

Earlier, ahead of Indonesian President Prabowo Subianto’s address at the House of Representatives (DPR), the IHSG reversed course and rose about 1% to 6,430.97.

The market responded negatively to Prabowo’s speech announcing a one-door export mechanism for Indonesia’s strategic natural resources, including coal and palm oil. Before being significantly trimmed at the end of the first session, the IHSG had slumped nearly 2.5% after Prabowo announced the establishment of a state-owned export agency.

The majority of sectors traded lower, with the biggest drag recorded by infrastructure and raw materials, while technology and financials rose.

Mining stocks were broadly weaker, particularly coal miners that could be affected by new rules. Meanwhile, gold stocks also declined.

Although the coal sector collapsed broadly, state-owned coal company Bukit Asam (PTBA) rose by more than 5% today.

Stocks weighing on IHSG today included BREN, TPIA, BRPT, AMMN and BYAN.

Several market sentiment drivers will influence market performance today, with the primary one coming from the central bank. Bank Indonesia (BI) will announce the results of the Board of Governors (RDG) meeting this afternoon (20 May 2026).

The decision is one of the most important events awaited by market participants, particularly amid pressure on the rupiah and domestic financial markets.