Stock Market Hit by Global Sentiment, IHSG Falls to 7,337 Level
JAKARTA – The Composite Stock Price Index (IHSG) closed weaker during Monday trading (9 March 2026). Based on Indonesia Stock Exchange (BEI) data, the IHSG fell 248.32 points or 3.27 per cent to 7,337.37.
The IHSG opened at 7,374.31, lower compared to the previous close of 7,585.69. Throughout trading, the index touched a high of 7,403.73 and a low of 7,156.68.
Total trading volume reached 42.79 billion shares with transaction value of Rp 23.42 trillion and frequency of 2.411 million times. Market capitalisation was recorded at Rp 13.163 trillion.
Share movements were dominated by the red zone with 744 shares falling, 73 shares rising, and 141 shares stagnant.
The Islamic index was also in the red zone. Jakarta Islamic Index (JII) fell 20.38 points to 486.30. Jakarta Islamic Index 70 (JII70) weakened 7.75 points to 184.58, whilst Indonesia Syariah Stock Index (ISSI) fell 9.75 points or 3.65 per cent to 257.25.
The IHSG weakening aligned with the majority of sectors closing in the red zone. The raw materials sector led the decline after falling 100.20 points or 4.59 per cent to 2,082.60.
The property sector also weakened 44.88 points or 4.57 per cent to 936.29, followed by the cyclical sector which fell 47.42 points or 4.54 per cent to 996.98.
The non-cyclical consumer sector fell 25.51 points or 3.50 per cent to 704.07. The healthcare sector weakened 50.98 points or 2.74 per cent to 1,811.09, the technology sector fell 123.76 points or 1.58 per cent to 7,733.29, and the financial sector corrected 18.72 points or 1.34 per cent to 1,381.01.
The transportation sector became the sector with the deepest decline after falling 97.68 points or 5.22 per cent to 1,773.91.
Pressure occurred not only in the stock market. The rupiah exchange rate against the US dollar also weakened and briefly approached the psychological level of Rp 17,000 per dollar on Monday morning trading.
“Market sentiment is very sensitive. There are external factors from Middle East conflict and also domestic factors that put pressure on the rupiah and IHSG at the beginning of this week,” said Ibrahim.
According to him, escalating conflict in the region triggered concerns about disruptions to global energy supply, particularly along the Strait of Hormuz oil distribution route. This condition pushed oil prices above 110 US dollars per barrel.
This spike in energy prices increased concerns about global inflation and prompted investors to be more cautious in the financial markets.
In conditions of such uncertainty, global investors tend to reduce exposure to risky assets, including stock markets in developing countries like Indonesia.