IHSG Up 1.14% in Session 1 with Large Transactions
Jakarta — Indonesia’s Composite Stock Price Index (IHSG) remained in positive territory at the end of session one on Tuesday, 17 March 2026, though gains moderated compared to earlier in the day.
The IHSG closed session one at 7,102.21, up 79.92 points or 1.14%. A total of 504 stocks advanced, 210 declined, and 244 remained unchanged. Total transaction value reached Rp 10.95 trillion, involving 15.71 billion shares across 877,600 transactions.
During session one, the IHSG traded in a range of 7,062.82 to 7,148.25. Market capitalisation rose to Rp 12.552 trillion.
Transaction values during the morning session were dominated by share transfers in the negotiation market. Sumber Alfaria Trijaya (AMRT) stock transactions in the negotiation market reached Rp 3.65 trillion. Meanwhile, the most actively traded stock in the regular market was Merdeka Gold Resources (EMAS), with Rp 1.48 trillion in trades.
Unlike the previous day’s trading, the majority of sectors remained in positive territory by midday. According to Refinitiv data, the technology sector led gains with an increase of 3.25%.
This was driven by the conglomerate company Toto Sugiri, DCI Indonesia (DCII), which provided the main support to the IHSG. DCII rose 5.81% to 209,000, contributing 11.41 index points.
The conglomerate company Salim and Agus Projosasmito, Amman Mineral (AMMN), contributed 9.41 index points, followed by Bumi Resources Minerals (BRMS) with 8.21 index points.
Today marks the final trading day for the IHSG during Ramadan 1447H or 2026. For investors, the stock exchange during this year’s Ramadan has been a difficult period, with the IHSG suffering significant losses.
According to CNBC Indonesia records, since Ramadan began on 19 February 2026 through Monday, 16 March 2026, the IHSG has collapsed 15%. This record is particularly poor considering that in the past five years, the IHSG has frequently strengthened during Ramadan. During Ramadan 2025, for example, the IHSG rose 3.8%.
Another poor record is the extent of declines in red during Ramadan. Over 18 trading days during this year’s Ramadan, the IHSG only advanced on five occasions, whilst the remainder—or 72%—ended in negative territory.
The pace of the IHSG’s decline has been steep, falling from 8,310 on the day before Ramadan to 7,022.88 on Monday.
Throughout this year’s Ramadan, investor patience has been continually tested by numerous negative sentiments from both domestic and international sources, including credit outlook downgrades from Moody’s and Fitch Ratings, projections of budget deficits, and most significantly, the Iran-Israel-United States conflict that erupted on 28 February.
The IHSG plunged 4.57% on 4 March 2026 following a surge in oil prices, which breached the US$100 level for the first time since 2022.
Pressure on the IHSG during this Ramadan period began with turbulence caused by MSCI’s decision to freeze indices for Indonesia’s stock market. This prompted the Financial Services Authority and Indonesia Stock Exchange to undertake market reforms.
After MSCI-related pressures eased, geopolitical tensions escalated with the conflict between the United States and Israel against Iran. In recent developments, several American allies have rejected US President Donald Trump’s call on Monday to send naval vessels to escort tanker ships through the Strait of Hormuz.
This rejection triggered criticism from the US president, who accused Western partners of ingratitude after decades of support from Washington.
The US-Israel conflict with Iran has now entered its third week with no signs of imminent resolution. The strategically vital Strait of Hormuz—through which approximately 20% of global oil and liquefied natural gas flows—remains largely disrupted, triggering increases in energy prices and concerns about inflation.