Indonesian Composite Index Closes Down 0.91%, Falling Below 8,000 Level
The Indonesian Composite Index (IHSG) closed down 0.91%, declining 73.18 points to the 7,943.65 level in today’s trading on Tuesday, 3 March 2026.
A total of 397 stocks fell, 343 rose, and 218 remained unchanged. Transaction value reached Rp 27.76 trillion, involving 41.37 billion shares across 2.78 million transactions. Market capitalisation eroded to Rp 14.194 trillion.
Today’s close revealed that IHSG volatility remained relatively high. Earlier in the morning, the index had jumped 1% before ultimately paring gains to just 0.3%.
According to Refinitiv data, nearly all sectors were trading in negative territory. Energy held out in positive territory with a 0.24% gain.
Raw materials, utilities, and non-essential consumer stocks fell the most sharply, declining 3.67%, 2.33%, and 1.87% respectively.
Mining stocks, particularly gold-related shares, proved to be the biggest weight on the index today. Amman Mineral (AMMN) contributed -14.41 index points. Merdeka Copper Gold (MDKA), Bumi Resources Minerals (BRMS), Antam (ANTM), and Merdeka Gold Resources (EMAS) also appeared in the top 10 laggards for the day.
Meanwhile, military operations by the United States and Israel against Iran expanded on Monday with no indication of imminent resolution. Israel launched attacks on Lebanon in response to assaults by Hezbollah, while Tehran continued to conduct missile and drone strikes against Gulf nations hosting US military bases.
US President Donald Trump stated that operations could persist for several weeks, and it remains unclear who currently leads Iran following the death of Supreme Leader Ayatollah Ali Khamenei in a targeted strike during the US-Israel campaign last weekend.
The assault on Iran has dragged the Gulf region into conflict, killing dozens in Iran, Israel, and Lebanon, disrupted global air transport, halted shipping through the Strait of Hormuz—a vital shipping lane through which approximately one-fifth of global oil trade passes near the Iranian coast—thereby driving oil prices higher.