Jakarta Stock Exchange Drops 224 Points at Close Amid Ongoing Iran-US Conflict

Jakarta — Indonesia’s Composite Stock Price Index (IHSG) continued its downward trajectory heading into a long holiday period. The IHSG fell 3.05 per cent or 224.90 points to close at 7,137.21 during Friday trading on 13 March 2026.

The index remained in negative territory throughout the trading session, fluctuating between 7,350 and 7,132.

Total transaction value reached Rp 13.70 trillion, with trading volume of Rp 285.80 million accumulated from 1.6 million transactions.

All stock sectors posted substantial losses, led by the transport sector declining 3.87 per cent. Infrastructure fell 3.64 per cent, followed by consumer cyclical stocks down 3.55 per cent and technology retreating 3.41 per cent. Industrial stocks fell 3.46 per cent whilst energy declined 2.86 per cent. Non-cyclical sectors weakened 2.18 per cent, property stocks dropped 1.79 per cent, and financials fell 1.60 per cent. Healthcare recorded the smallest decline at 1.19 per cent.

“Investors are concerned that the prolonged US-Iran conflict will keep crude oil prices elevated for longer than previously anticipated, which will drive inflation increases and widen the state budget deficit,” explained Phintraco Securities’ analysis team in their daily research on 13 March 2026.

Additional negative sentiment stemmed from the United States launching new trade investigations into 60 countries to determine whether they failed to restrict unfair trade practices. The policy, anchored in Section 301, permits the US government to impose tariffs on countries found engaging in unjust trading practices without requiring additional congressional authority.

Phintraco Securities reported three companies maintained positive performance with significant price gains. The top gainers among the 45 most liquid stocks (LQ45) were:

PT Alamtri Minerals Indonesia Tbk (ADMR): Shares surged 3.19 per cent or 60 points to 1,940.

PT Adaro Andalan Indonesia Tbk (AADI): Shares strengthened 1.97 per cent or 200 points to 10,375.

Surya Citra Media Tbk (SCMA): Shares rose 0.79 per cent or 2 points, closing at 256.