IHSG Today 21 May 2026: Still Bleak

The Jakarta Composite Index (IHSG) opened today in the red, with selling pressure evident from the pre-opening session that pushed the index away from the 6,300 psychological level. At the open, the IHSG fell 70 points, or 1.11%, to 6,248, signalling immediate negative sentiment from market participants in the early trading session.

The decline in the early session was driven by technical and fundamental factors. A drop below 6,300 suggested pressure on large-cap stocks that typically propel the index.

Key points monitored this morning included: investors were advised to remain cautious and not chase purchases while the downtrend persists. The nearest support is around 6,250, while resistance to reclaim a back-turn is at 6,320. These figures are the opening levels that will continue to move dynamically through the afternoon session.

During today’s trading, the majority of stocks weakened: 197 advanced, 495 declined, and 124 traded flat.

Deputy Speaker of the House Sufmi Dasco Ahmad, together with Danantara CEO Rosan Roeslani and OJK Chairman Friderica Widyasari Dewi, visited the Indonesia Stock Exchange (BEI) on Tuesday (19 May).

Finance Minister Purbaya Yudhi Sadewa emphasised that Indonesia’s economic fundamentals remain solid despite the IHSG weakness driven by global sentiment and the US-Iran tensions.

The IHSG slipped to 6,402 on Monday, 18 May 2026. Analysts highlighted the Rupiah’s weakness to Rp17,676 per USD and ongoing outflows.

The IHSG opened down 1.40% to 6,628 on Monday, 18 May 2026, as US-Iran tensions and higher oil prices fuelled concerns about higher global interest rates.

OJK confirmed the resignation of three senior officials, including the OJK Chairman Mahendra Siregar. The three officials stated they would resign amid the market downturn in recent days. Syarief said the agency is gathering facts about the IHSG’s decline.