Market Still Anxious, IHSG Session 1 Down 0.88%
Jakarta, CNBC Indonesia — The Composite Stock Price Index (IHSG) closed the first session in the red during trading today, Friday (27/3/2026). The IHSG fell 0.88% or -63.09 points to the level of 7,101.
A total of 404 stocks declined, 242 rose, and 312 remained unchanged. Trading value was notably subdued at Rp 5.7 trillion. A total of 9.96 billion shares changed hands in 781,600 transactions. Market capitalisation fell to Rp 12,488 trillion.
Meanwhile, citing Refinitiv, big-cap stocks were the main weights on the IHSG this afternoon. Bank Central Asia (BBCA) dragged the IHSG the most with a weight of 9.47 index points.
This was followed by Telkom (TLKM) -8.41 index points, Bank Rakyat Indonesia (BBRI) -7.86 index points, Barito Renewables Energy (BREN) -7.86 index points, and Astra International (ASII) -7.17 index points.
BBCA shares plummeted 1.45% to the level of 6,775 this afternoon. The correction in shares of this Djarum Group issuer coincided with the cum date for dividends, which fell today.
The IHSG’s morning movement aligned with the majority of exchanges in the region. After initially plunging deeply, several Asian markets trimmed their corrections and some even turned green.
Japan’s Nikkei index fell 0.33% and Taiwan’s exchange dropped 1.79%. South Korea’s Kospi fell 1.81%, after plunging 3.25% in the morning. However, Hong Kong’s Hang Seng rose 0.55% and Singapore’s STI rose 0.28%.
The movement of Indonesia’s financial markets appears likely to remain volatile at the end of this week, Friday (27/3/2026).
Talks of a ceasefire between the US-Israel and Iran remain murky; the optimism that emerged last Wednesday has begun to fade.
Market participants are now more focused on the real impacts spreading to policies of stakeholders, industries, and the real economy in various countries, especially after the blockade of the Strait of Hormuz.
Citing CNBC.com, Trump decided to extend the deadline for the attack by 10 days until 6 April to provide room for negotiations. This decision was reportedly taken at the request of the Islamic Republic of Iran’s government as part of efforts to ease tensions.
Trump stated that the extension was given in exchange for 10 oil tankers crossing the Strait of Hormuz as a “gift” from Tehran. He also emphasised via a post on Truth Social that the delay aims to open opportunities for a diplomatic resolution.
In his statement, Trump said talks are still ongoing and proceeding very well, despite differing reports from the media. Nevertheless, Washington stated it wants to end the conflict through negotiations, while Tehran denies any direct talks with the United States.
Oil prices strengthened temporarily on Thursday before showing weakness amid indications of progress towards a US-Iran peace agreement. The West Texas Intermediate contract for May delivery fell 1.3% to US$93.29 per barrel, while Brent crude oil closed at US$108.01 per barrel.