IHSG Weakens Again, Closing the First Session Down 0.81%
Jakarta, CNBC Indonesia — The Jakarta Composite Index (IHSG) closed the first session with a correction of 67.05 points, or -0.81%, to 8,255.18.
As many as 475 shares fell, 212 rose, and 271 remained unchanged. The transaction value reached IDR 14.83 trillion, involving 24.89 billion shares in 1.72 million transactions. Market capitalisation decreased to IDR 14,809 trillion.
For information, the IHSG started trading in the green zone. The index opened up 0.35%, but immediately lost momentum in the early minutes. The IHSG even fell by 1% to 8,236.
Citing Refinitiv, the majority of sectors were in the red zone. Only utilities were appreciated by the market with an increase of 1.32%.
Non-primary consumer goods, raw materials, and technology were the sectors that experienced the deepest corrections, namely -2.12%, -1.23%, and -1.15%, respectively.
Meanwhile, no shares significantly burdened the IHSG. The point weight was quite divided among large-capitalisation shares that experienced corrections in the first session.
Telkom Indonesia (TLKM) was the share with the largest weight, namely -6.31 index points. Followed by Merdeka Copper Gold (MDKA) -6.3 index points and Bank Central Asia (BBCA) -4.74 index points.
As of today’s trading, the Indonesian financial market has the potential to move more sensitively because it is overshadowed by a series of sentiments, especially from the United States.
US President Donald Trump delivered his State of the Union 2026 address before the US Congress on Tuesday night local time or Wednesday morning, February 25, 2026, Indonesian time.
In the nearly two-hour speech, Trump showcased the achievements of his second term, starting with claims of tighter borders, declining inflation, strengthening stock markets, boosting energy production, to the direction of tax and tariff policies. At the same time, he reaffirmed the narrative that America is entering a golden age in the lead-up to the 250th anniversary of independence on July 4, 2026.
Trump also stated that his administration would not allow Iran to possess nuclear weapons, while calling Tehran the largest sponsor of terrorism in the world.
The statement came amid increased deployment of US military forces in the Middle East. However, Trump is considered to have not explained in detail to the American public about the reasons and limitations of the steps that can be taken, even though the situation has the potential to lead to the largest escalation against Iran since the 1979 Revolution.
(mkh/mkh)