LQ45 Stock Performance in May: Some Still Smiling Amid the Sorrow

Jakarta, CNBC Indonesia - The performance of blue-chip LQ45 stocks on the Indonesia Stock Exchange (BEI) plummeted alongside the collapse of the Jakarta Composite Index (IHSG). Throughout May 2026, the IHSG has fallen by 11.9%, with the month’s decline being the worst in 26 years. The worsening IHSG is reflected in the LQ45’s poor performance, with only 11 stocks rising in May while the rest tumbled. PT Mitra Adiperkasa Tbk (MAPI) recorded the best performance, surging 28% following the announcement of a mandatory tender offer at a premium price of Rp1,550 per share after completing the acquisition of 51% of the retail management company’s shares. According to BEI’s disclosure, the tender offer price was 22% higher than the average daily high of MAPI shares over the past 90 days up to 7 May 2026, which stood at Rp1,274 per share. Conversely, PT Petrindo Jaya Kreasi Tbk (CUAN) shares suffered the most, plunging 57.2%. Below is the performance of LQ45 constituents for May (as of 26 May 2026):