IHSG Weakens in Session 2, Closes Down 0.89%
The Jakarta Composite Index (IHSG) weakened significantly in the second trading session on Tuesday (28/6/2026), closing down 55.19 points, or 0.89%, at 6,130.59. A total of 380 stocks declined, 281 advanced, and 304 remained unchanged.
The pressure on the IHSG occurred amid relatively thin market activity. Transaction value reached Rp 10.7 trillion, involving 23.6 billion shares traded in 1.65 million transactions. Market capitalisation eroded to Rp 10,752 trillion. Throughout the day, the IHSG moved within a range of 6,130.59 to 6,199.44, meaning it had briefly strengthened by 0.2% before losing momentum.
According to Refinitiv data, only one sector managed to post a gain, with consumer staples edging up a marginal 0.09%. In contrast, the property sector was the heaviest drag on the index, plummeting 4.49%. Utilities and energy sectors also suffered deep declines, falling 2.17% and 1.15%, respectively.
Amid the sharp correction in the property sector, Maha Properti Indonesia (MPRO) was the largest contributor to the IHSG’s decline, shaving off 8.2 points. Major banking stocks also weighed on the index, with Bank Central Asia (BBCA) and Bank Mandiri (BMRI) contributing declines of 7.47 points and 5.53 points, respectively. Other top laggards included Sinar Mas Multiartha (SMMA), Mora Telematika Indonesia (MORA), Energi Mega Persada (ENRG), and VKTR Teknologi Mobilitas.
The index’s fall was compounded by the rupiah’s inability to withstand pressure from the US dollar. The Garuda currency closed 0.31% weaker at Rp18,055 per US dollar, marking its fourth consecutive day of losses. The rupiah had opened trading down 0.33% at Rp18,060 per US dollar, with pressure intensifying to touch an intraday low of Rp18,095 per US dollar. Meanwhile, the US Dollar Index (DXY) was slightly higher at 101.491. The IHSG’s correction was also in line with a broad sell-off across Asian markets, with South Korea’s Kospi plunging 10.84% after a temporary trading halt, Taiwan’s market falling 4.65%, China’s Shenzhen index dropping 4.52%, and Japan’s Nikkei declining 3.95%.