JAKARTA – Indonesian banking stocks experienced a sluggish trading session on Tuesday, September 9, 2025, with most major bank issuers registering losses from the outset. This downward trend was largely influenced by market sentiment surrounding the recent appointment of Purbaya Yudhi Sadewa as the new Minister of Finance.
By the end of the first session, shares of PT Bank Mandiri (Persero) Tbk. (BMRI) had corrected by 2.45%, shedding 110 points to reach Rp4,380 per share. Similarly, PT Bank Negara Indonesia (Persero) Tbk. (BBNI) saw its stock decline by 2.87%, losing 120 points to settle at Rp4,060 per share.
PT Bank Central Asia Tbk. (BBCA) also faced significant pressure, briefly touching a session low with a 2.95% drop, or 225 points, to Rp7,475 per share. However, by the close of the first session, the decline had slightly narrowed to 2.27%, with shares trading at Rp7,525.
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Bank Rakyat Indonesia (Persero) Tbk. – TradingView
Meanwhile, PT Bank Rakyat Indonesia (Persero) Tbk. (BBRI) experienced a 2.05% correction, dropping 80 points to Rp3,820 per share. Earlier in the day’s trading, BBRI had seen a more substantial decline of 3.59%, or 140 points, reaching Rp3,760 per share.
PT Bank CIMB Niaga Tbk. (BNGA) also posted a slight decline, weakening by 1.17% or 20 points to Rp1,685 per share. In stark contrast to the broader banking sector’s downturn, shares of PT Bank Tabungan Negara (Persero) Tbk. (BBTN) surged by 5.63%, gaining 65 points to close at Rp1,220 per share, making it a notable outlier.
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The widespread pressure on banking stocks significantly impacted the broader market, pulling down the Jakarta Composite Index (IHSG) by 1.67% in the first session to 7,636. According to RTI data, the total transaction value for the day reached Rp14.55 trillion, with a volume of 22.2 billion shares traded across 1,509,839 transactions.
A detailed breakdown of the market showed 187 stocks strengthening, 517 weakening, and 96 remaining stagnant. The overall market capitalization of the IHSG stood at Rp13,796 trillion.
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Bank Mandiri (Persero) Tbk. – TradingView
Despite the downturn, Nafan Aji Gusta, Senior Investment Information at Mirae Asset Sekuritas, views the IHSG’s current weakness as temporary. He believes that market stability will be restored as long as the new Finance Minister, Purbaya Yudhi Sadewa, demonstrates his capacity and capability in the role.
“That is paramount, as he will undoubtedly carry out his mandate and national duties,” Nafan told Bisnis on Tuesday, September 9, 2025. He further emphasized that consistency in fostering sustained economic stability would be crucial for maintaining market confidence.
“Consequently, the expectation is that the market will appreciate his performance, which should then be reflected in a strengthening of the IHSG,” he added.
It is worth noting that President Prabowo Subianto officially inaugurated Purbaya Yudhi Sadewa as the new Minister of Finance, replacing Sri Mulyani Indrawati. This decision was announced by President Prabowo during a cabinet reshuffle event held on Monday, September 8, 2025. “Purbaya Yudhi Sadewa as Minister of Finance,” stated the event announcer at the Palace.
Disclaimer: This news article is not intended as an invitation to buy or sell stocks. Investment decisions rest solely with the reader. Bisnis.com is not responsible for any losses or gains arising from readers’ investment decisions.
Summary
Indonesian banking stocks experienced significant losses on Tuesday, September 9, 2025, largely due to market sentiment following the appointment of Purbaya Yudhi Sadewa as the new Minister of Finance. This change, announced by President Prabowo Subianto on September 8, 2025, replaced Sri Mulyani Indrawati. Most major bank issuers, including Bank Mandiri, Bank Negara Indonesia, Bank Central Asia, and Bank Rakyat Indonesia, registered declines from the outset of trading.
Specifically, Bank Mandiri (BMRI) corrected by 2.45%, Bank Negara Indonesia (BBNI) by 2.87%, Bank Central Asia (BBCA) by 2.27%, and Bank Rakyat Indonesia (BBRI) by 2.05%. Bank CIMB Niaga (BNGA) also saw a slight decline of 1.17%. In stark contrast, Bank Tabungan Negara (BBTN) surged by 5.63%. The widespread pressure on banking stocks significantly impacted the broader market, pulling down the Jakarta Composite Index (IHSG) by 1.67%.