Indonesian composite index closes lower as short-term traders adjust positions ahead of Eid holiday
Jakarta — Indonesia’s composite index (IHSG) on the Indonesia Stock Exchange (IDX) closed lower on Wednesday afternoon as investors undertook short-term trading ahead of the extended Eid holiday break in 2026.
The IHSG declined 51.51 points or 0.69 per cent to 7,389.40. Meanwhile, the blue-chip LQ45 index fell 7.69 points or 1.01 per cent to 752.25.
“Investors tend to engage in short-term trading amid increasing uncertainty regarding the conflict between the United States and Israel with Iran, and ahead of the extended Eid holiday which begins midweek next week,” said Ratna Lim, head of research at Phintraco Securities, in her analysis in Jakarta on Wednesday.
Regional Asian stock exchanges closed mixed on Wednesday afternoon as investors awaited developments in the Middle East conflict.
Market participants were considering contradictory messages from the Trump administration regarding the Strait of Hormuz. US Energy Minister Chris Wright claimed on social media that the US Navy had escorted a tanker vessel, only to delete the post after the White House denied the operation.
At the same time, the Pentagon stated that the US and Israel had conducted their most intense attacks on Iran and would continue until Tehran was defeated, contradicting previous statements by President Trump that the conflict could end shortly.
Opening stronger, the IHSG moved into negative territory through the first trading session close. In the second session, the index remained in the red zone approaching the market close.
Based on the IDX Sectoral Index, four sectors gained, with the technology sector registering the highest increase of 1.06 per cent, followed by the healthcare and property sectors which rose 0.38 per cent and 0.30 per cent respectively.
Seven sectors declined, with the energy sector recording the steepest fall of minus 1.69 per cent, followed by the raw materials and industrial sectors which fell 1.66 per cent and 1.09 per cent respectively.
Stocks recording the largest gains included UANG, NTEV, DEFI, KUAS, and PTMP, whilst those recording the largest losses were INPC, ICON, INDY, ENRG, and AADI.
Trading frequency reached 1,849,112 transactions with a total of 32.19 billion shares traded valued at Rp15.68 trillion. A total of 312 stocks advanced, 366 declined, and 139 remained unchanged.
Regional Asian stock indices on the afternoon included the Nikkei index which gained 777.00 points or 1.43 per cent to 55,025.40, the Hang Seng index which fell 61.14 points or 0.24 per cent to 25,898.76, the Shanghai index which gained 10.29 points or 0.25 per cent to 4,133.43, and the Strait Times index which gained 3.17 points or 0.07 per cent to 4,863.81.