Indonesian Composite Index Closes in Negative Territory on 11 March 2026

The Indonesian Composite Index (IHSG) of the Indonesia Stock Exchange (IDX) closed in negative territory at the end of trading on Wednesday, 11 March 2026. The weakness occurred as investors pursued short-term trading strategies to secure positions ahead of the extended Eid 2026 holiday.

The IHSG closed down 51.51 points or 0.69 per cent at 7,389.40. Meanwhile, the LQ45 index of 45 leading stocks also recorded a significant decline of 7.69 points or 1.01 per cent to 752.25.

Ratna Lim, Head of Research at Phintraco Securities, explained in her analysis that pressure on the IHSG was driven by a combination of domestic and global sentiment. Domestically, the market began preparing for the extended Eid holiday, which will commence mid-week next week.

“Investors tend to engage in short-term trading amid heightened uncertainty regarding conflict between the United States and Israel with Iran, and ahead of the extended Eid holiday,” Ratna said in Jakarta on 11 March.

Global market participants are also monitoring developments in the Middle East, particularly regarding contradictory messages from President Donald Trump’s administration concerning military escalation in the Strait of Hormuz and attacks on Iran. This has caused Asian stock exchanges to move variably this afternoon.

Based on IDX-IC Sectoral Index data, the majority of sectors experienced correction. The energy sector recorded the steepest decline of 1.69 per cent, followed by the raw materials sector (−1.66%) and the industrial sector (−1.09%).

However, the technology sector bucked the trend by gaining 1.06 per cent, followed by the healthcare sector (0.38%) and the property sector (0.30%).

Among stocks that gained (top gainers) were UANG, NTEV, DEFI, KUAS, and PTMP. Meanwhile, stocks that experienced the deepest declines (top losers) were INPC, ICON, INDY, ENRG, and AADI.

The conditions in Indonesia’s capital market were consistent with fluctuations in regional exchanges. Japan’s Nikkei index climbed 1.43 per cent to 55,025.40 and the Shanghai Composite rose 0.25 per cent. On the other hand, Hong Kong’s Hang Seng index weakened 0.24 per cent to 25,898.76.

With the IHSG currently below the psychological level of 7,400, investors are expected to continue monitoring geopolitical developments and macroeconomic data releases during the forthcoming Eid holiday period.