Iran-Israel Tensions Escalate, Jakarta Composite Index Plummets 218 Points as Foreign Investors Flee
Jakarta, Indonesia – The Jakarta Composite Index (IHSG) declined sharply amid intensifying geopolitical tensions between the United States, Israel, and Iran.
In trading on Monday, 2 March 2026, the IHSG fell 218.66 points, or 2.66 percent, to 8,016.83 levels.
The selling pressure was substantial, with transaction values reaching IDR 29.83 trillion. Approximately 56.60 billion shares exchanged hands across 3.65 million transactions.
This composition reflected dominant selling activity across several sectors. Foreign fund flows were recorded as exacerbating the index weakness.
Foreign investors posted net sales of IDR 631.01 billion across the entire market. The breakdown comprised IDR 490.53 billion in the regular market and IDR 140.49 billion in the negotiation and cash market.
Foreign selling activity concentrated on large-cap and liquid stocks. PT Medco Energi Internasional Tbk (MEDC) recorded the largest net sales valued at IDR 528.10 billion, followed by PT Bank Central Asia Tbk (BBCA) at IDR 522.3 billion.
Pressure also affected other banking stocks, including PT Bank Negara Indonesia (Persero) Tbk (BBNI) with net sales of IDR 119.04 billion and PT Bank Mandiri (Persero) Tbk (BMRI) valued at IDR 118.51 billion.
In the energy and commodities sectors, foreign investors also divested PT Elnusa Tbk (ELSA) at IDR 76.76 billion, PT Merdeka Gold Resources Tbk (EMAS) at IDR 69.85 billion, and PT Vale Indonesia Tbk (INCO) at IDR 59.28 billion.
Meanwhile, PT Hartadinata Abadi Tbk (HRTA) was divested at IDR 57.98 billion, PT Petrindo Jaya Kreasi Tbk (CUAN) at IDR 43.69 billion, and PT Bumi Resources Tbk (BUMI) at IDR 41.87 billion.
In trading on Tuesday, 3 March 2026, the IHSG moved fluidly, trading at 8,015.45 levels or down marginally 1.38 points, equivalent to 0.02 percent at 10:37 WIB.
The IHSG had previously opened stronger at 8,059.87 and briefly touched its highest position at 8,098.39.
However, selling pressure caused the index to reverse direction, touching its lowest point of 8,012.74 before eventually consolidating in the 8,010–8,020 range.
Trading activity was notably busy, with volumes reaching 19.19 billion shares and transaction values of IDR 14.25 trillion. Transaction frequency reached 1,275,883 times.