Indonesian Capital Market Shaken, JSX Index Plummets; BEI Chief: We Are Ready

Jakarta — The Indonesia Stock Exchange (BEI) continues to monitor evolving dynamics in the capital market industry, which is experiencing turbulence from global geopolitical developments. The Composite Stock Price Index (IHSG) declined during trading on Monday, 9 March 2026.

The IHSG briefly touched its lowest point of minus 5.2 per cent at 7,156 level, but trimmed losses to minus 3.27 per cent, or a drop of 248 points to 7,337.37.

A total of 708 stocks declined, 68 rose, and 41 remained unchanged, indicating substantial selling pressure in the domestic equity market. All trading sectors weakened, with the deepest corrections recorded in the infrastructure and industrial sectors.

Transaction value reached Rp 23.77 trillion, involving 46.64 billion shares across 1,624.71 million transactions.

Acting BEI Director Jeffrey Hendrik affirmed that the exchange, as capital market regulator, is prepared to face pressure resulting from the current global sentiment.

“The infrastructure systems and regulations at our exchange are ready to handle the current market dynamics,” he said when reached at BEI headquarters in Jakarta on Monday, 9 March 2026.

Jeffrey explained that the current IHSG weakness is driven by external factors creating considerable uncertainty. However, he cautioned that the impact extends beyond the IHSG to global capital markets.

“Not only in our market, but also in the global market,” he stated.

He continued, noting similar phenomena had been experienced previously when the United States implemented unanticipated policies.

“At that time, it also resulted in very sharp market declines. And at that time, what we experienced was worse in market terms than today,” he said.