IHSG Under Pressure, Opens Down 0.59%
Jakarta — Indonesia’s Composite Stock Index (IHSG) corrected 48.95 points or 0.59% to 8,186.31 at the opening of morning trading on Friday 27 February 2026.
A total of 343 shares declined, 148 rose, and 465 were unchanged. Morning transaction value reached Rp854.5 billion, involving 2.5 billion shares across 120,800 transactions.
Entering Friday’s trading, stock market movement is expected to move sideways with potential weakness. Correction room opened after Thursday’s trading when market participants began profit-taking.
From a technical perspective, IHSG’s weakness on Thursday also made signals of continued correction increasingly apparent. The indication emerged through the formation of a Bearish Rising Wedge pattern, a price increase pattern that occurs within an increasingly narrowing movement range. This condition is frequently interpreted as a sign of strengthening that is beginning to lose momentum and is vulnerable to reversal.
This pattern emerged after IHSG plummeted in late January, then gradually climbed. However, the index failed several times to breach the psychological level of 8,400. The failure of strengthening in that area was then followed by the formation of a wedge, which in theory often ends with a downward breakthrough and triggers continued correction.
If this Bearish Rising Wedge scenario is confirmed, IHSG has the potential to test support areas in the range of 7,900 to 7,800, or open room for decline of approximately 4%.
Meanwhile, global economic sentiment continues to overshadow as the United States tightens its trade protections.
The US Department of Commerce (DOC) announced on Tuesday the imposition of countervailing tariffs on imports of solar cells and panels entering the US from Indonesia, India, and Laos. This step was taken to combat subsidies deemed to support industries in these three countries.
According to Reuters on Thursday 26 February 2026, the DOC set general subsidy tariffs of 125.87% for imports from India, 104.38% for imports from Indonesia, and 80.67% for imports from Laos.
Based on US government trade data, these three countries contributed import values of approximately US$4.5 billion, equivalent to Rp75.73 trillion last year, or about two-thirds of total solar product imports throughout 2025.
Beyond general tariffs, the DOC also calculated individual tariffs for several companies. In India, Mundra Solar was subject to 125.87%. From Indonesia, PT Blue Sky Solar was subject to 143.3% and PT REC Solar Energy to 85.99%. From Laos, Solarspace Technology Sole Co and Vietnam Sunergy Joint Stock Company were each subject to 80.67%.
In separate developments, Oman’s mediator stated that high-level negotiations between the United States and Iran in Geneva yielded significant progress amid escalating tensions in the Middle East on Thursday 27 February 2026.
Oman’s Foreign Minister Sayyid Badr Albusaidi stated that both sides completed intensive discussion sessions and successfully built a clearer communication framework, including exchanges of ideas described as constructive to resolve the long-standing nuclear deadlock. Talks will continue to the technical stage in Vienna in the near future.