JCI Plummets 3.76 Per Cent in Morning Session, Avoiding Trading Halt
JAKARTA — The Indonesia Composite Index (IHSG) closed weaker at the end of the first trading session on Monday (18/05/2026). High selling pressure caused the IHSG to drop by 252.971 points, or 3.76 per cent, to the level of 6,470.348, after briefly touching a low of 6,441.
Despite the sharp correction, the decline did not reach the temporary trading halt limit established by the Indonesia Stock Exchange (IDX). This weakness was also reflected in several other blue-chip indices, with the LQ45 Index falling by 20.109 points, or 3.06 per cent, to 637.770.
Overall, the majority of stocks moved into the red zone. Out of the total stocks traded, 84 increased, 682 decreased, and 52 remained stagnant. Trading frequency was recorded at 1.72 million times, with a transaction volume of 21.55 billion shares valued at Rp 11.96 trillion.
Selling pressure was evident across almost all sectors. The deepest decline was seen in the basic materials sector, reflected by the IDXBASIC index, which plummeted 8.14 per cent to 1,805.14. Additionally, the transportation and logistics sector corrected sharply, with the IDXTRANS index falling 6.11 per cent to 2,011.39. The industrial sector weakened by 4.79 per cent, and the infrastructure sector dropped by 4.16 per cent.
Furthermore, the technology sector corrected by 2.84 per cent, non-primary consumer goods fell by 3.44 per cent, and the property sector weakened by 2.96 per cent.
Several large-cap stocks acted as the primary drags on the IHSG during this afternoon session. Shares of PT Dian Swastatika Sentosa Tbk (DSSA) were recorded down 14.98 per cent to the level of 880. Meanwhile, PT Chandra Asri Pacific Tbk (TPIA) plunged 14.88 per cent to 3,660, and PT Amman Mineral Internasional Tbk (AMMN) weakened by 14.86 per cent to 3,150.
Additionally, shares of PT BSA Logistics Indonesia Tbk (WBSA) fell 14.62 per cent to 1,080, and PT Merdeka Copper Gold Tbk (MDKA) corrected by 12.09 per cent to 2,400. According to data from the Indonesia Stock Exchange (IDX), foreign investors recorded a daily net foreign sell of Rp 1.35 trillion.