Impact of Global Sentiment and Rupiah, IHSG Plummets Over 2%
Jakarta, CNBC Indonesia - The Composite Stock Price Index (IHSG) came under considerable pressure in the first trading session today, Thursday (30/4/2026), with a decline of more than 2%. At the end of the first session, the IHSG was recorded at 6,926.55, down 175 points (-2.42%) and becoming the lowest point for the IHSG throughout 2026. In fact, since the beginning of the year, the IHSG has recorded a 20% correction.
Only 95 stocks strengthened, 618 stocks weakened, and 98 stocks were stagnant. The transaction value reached Rp 11.28 trillion with a trading volume of around 23.47 billion shares in more than 1.55 million transactions.
All trading sectors weakened, with the deepest corrections recorded in infrastructure, basic materials, and energy.
The coal mining issuer from the Sinar Mas Group, Dian Swastatika Sentosa (DSSA), became the main burden on the IHSG’s performance with a weakening of 13.22 index points. This was followed by BBRI and BBCA with weakenings of 12.54 and 11.71 index points, respectively.
Other issuers that weighed on the IHSG include BREN, MEGA, TPIA, BRPT, MDKA, AMMN, and UNTR.
An analyst from Doo Financial Futures said that the sentiment hitting the IHSG is still around the ongoing global geopolitical mismatch.
“Overall, the global market remains risk-off due to uncertainties in Middle East peace, rising oil prices in response to Trump’s latest military threats, and the hawkish FOMC last night,” he said when contacted by CNBC Indonesia, Thursday (30/4/2026).
In addition, there is no domestic catalyst that can serve as a fresh wind for the Indonesian stock market. The rupiah’s value continues to record its highest weakening, coupled with concerns over the budget deficit. Not to mention the rebalancing issues from MSCI that are still haunting.
“There is no sentiment that can lift it, although valuations of some blue-chip stocks are already quite attractive, but geopolitical downside and the AI bubble still threaten,” he added.
The same sentiment was expressed by Analyst from MNC Sekuritas, Herditya, who said that the strengthening of the IHSG will tend to be limited and there is still potential for weakening ahead.
“From the sentiment side, the rupiah exchange rate that is still weakening against the USD at 17,390 remains a sentiment for the capital market,” he said.
In addition, movements in regional Asian exchanges are also tending towards correction, plus banking and energy issuers that are burdening the IHSG’s movement.
“In our technical report, there is potential for the IHSG to break through the 6,917 area and head towards 6,727-6,800. For sentiment itself, up to now, there is nothing supporting strengthening,” he concluded.