IHSG Suddenly Closes in the Red, Down 0.32% to 7,106
Jakarta, CNBC Indonesia - The Composite Stock Price Index (IHSG) suddenly plunged during trading today, Monday (27/4/2026). The IHSG, which had strengthened in the first session, suddenly fell 22.97 or 0.32% to 7,106.52 at the close of the second session.
Most stocks were in the green zone with notably high transaction values, reaching Rp16.57 trillion. A total of 33.17 billion shares changed hands in 2.20 million transactions.
Based on market data, shares of major banks recorded the largest transaction values. BBCA led with a total of Rp3.28 trillion. However, shares of this Djarum Group issuer fell and briefly touched 5,975, down 1.24%. Next were Bank Mandiri (BMRI) and Bank Rakyat Indonesia (BBRI) shares with transaction values of Rp2.28 trillion and Rp1.33 trillion, respectively.
The majority of trading sectors weakened, with the deepest corrections recorded in the energy and financial sectors.
Major banking issuers collectively corrected today, with the largest declines recorded by Bank Permata (BNLI) and Bank Danamon (BDMN).
Two Prajogo Pangestu issuers also recorded significant weakness, namely PTRO and TPIA. Meanwhile, the Sinar Mas Group’s Dian Swastatika Sentosa (DSSA) coal mining issuer fell again by 8.66% to Rp1,845 per share. DSSA shares have declined 43% in the past week following the latest MSCI announcement.
Today’s IHSG movement differed from the majority of exchanges in the region.
Japan’s Nikkei 225 index rose 0.53% to reach a record high, while South Korea’s Kospi index surged 1% and also hit a record high.
However, the Australian exchange, the S&P/ASX 200 index, fell 0.54%.
Meanwhile, the Hang Seng Hong Kong futures contract was at 26,041, compared to the index’s last close at 25,978.07.
Quoting CNBC International, market sentiment remained stable despite diminishing hopes for a diplomatic breakthrough between Iran and the United States.
US President Donald Trump cancelled plans to send US envoys Steve Witkoff and Jared Kushner to Islamabad, Pakistan, last Saturday for negotiations with Iran.
“Too much time wasted on travel, too much work! Besides, there is great internal disagreement and confusion within their ‘leadership’,” Trump wrote in a post on Truth Social, quoted Monday (27/4/2026).
Oil prices surged around 2% after plans for a second round of US-Iran peace negotiations hit another deadlock.
The Brent crude futures contract, the international benchmark, rose more than 2% to US$107.49 per barrel at 19:35 ET, while US crude also jumped 1.79% to US$96.19.
Tensions in the Strait of Hormuz remain high after reports that Iran’s Revolutionary Guard forces boarded two cargo ships near the strategic sea route.
Indonesia’s financial markets this week will only operate for four days, Monday to Thursday, due to Labour Day holiday on 1 May or this coming Friday.
The main focus of the market this week is on the latest developments in US-Iran negotiations, the Federal Reserve’s interest rate decision, the release of US PCE inflation data, US and China manufacturing data, and the Bank of Japan (BOJ) interest rate decision.
Markets expect the Fed to hold its benchmark rate in the 3.50%-3.75% range. This expectation arises because US inflation remains above target, while the surge in energy prices due to Middle East conflicts makes it difficult for the US central bank to move too quickly to ease policy.
This Fed decision will be very important for global markets. If the Fed signals it will hold rates longer, the US dollar could remain strong. This condition could again pressure Asian currencies, including the rupiah.
Conversely, if the Fed’s statement begins to sound softer by considering the risks of economic slowdown, the market could interpret it as an opportunity for rate cuts in the following semester. This scenario could provide room for strengthening bonds and risk assets, including stocks in emerging markets.