JAKARTA – The trading week of April 13-17, 2026, saw several prominent stocks, from PT Bank Central Asia Tbk. (BBCA) to PT Indosat Tbk (ISAT), land on the unfortunate list of the market’s top ten laggards. These significant price corrections collectively exerted considerable downward pressure on the Composite Stock Price Index (IHSG), signaling a challenging period for specific segments of the Indonesian stock market.
Leading this list of underperformers was BBCA, which experienced a 4.1% correction over the week. This dip translated into a substantial negative contribution of 25.76 points to the IHSG, making it the single largest drag on the index during this period. The ripple effect of such a major banking stock’s decline was keenly felt across the market.
Following BBCA, MSIN registered an even sharper decline, shedding 29.55% of its value within the week. This significant reduction contributed 14.79 negative points to the IHSG. The telecommunications giant TLKM also played a role in the index’s woes, with its share price correcting by 3.43% and consequently subtracting 11.48 points from the IHSG.
Further down the list, APIC’s stock price plummeted by 21.41% over the week, resulting in a 5.55-point negative weight on the IHSG. Meanwhile, SMMA saw its shares fall by 4.93%, contributing 5.03 negative points to the overall index performance. These movements highlight broad-based corrections affecting various sectors.
The banking sector continued to feature prominently among the laggards, with MEGA’s shares correcting by 7.46%, imposing a 4.86-point burden on the IHSG. PT Bank Mandiri (Persero) Tbk. (BMRI), another key player in the banking industry, recorded a more modest correction of 1.07% but still contributed 3.91 negative points to the index, underscoring the sector’s pervasive impact.
Rounding out the top ten laggards, DCII’s stock price declined by 1.25% during the week, resulting in a 2.50-point negative impact on the IHSG. BELI experienced a 6.82% price drop, contributing 2.10 negative points. Finally, ISAT’s shares fell by 5.09%, making a 1.30-point negative contribution to the IHSG, concluding the list of significant market detractors for the week.
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Despite the considerable pressure from these ten top laggards, the broader IHSG managed to defy expectations, closing the week with a positive gain. This resilience was primarily driven by the strengthening of other large-capitalization stocks, which successfully offset the declines. As a result, the IHSG rallied by 2.35% to reach 7,634.004, marking an impressive 175.50-point increase from its previous week’s close of 7,458.49.
Valantina Simon, acting Corporate Secretary of PT Bursa Efek Indonesia (Indonesia Stock Exchange/IDX), confirmed that alongside the IHSG’s upward movement, the week witnessed a remarkable surge in trading activity. The average daily transaction volume soared by 33.12%, reaching 42.98 billion shares, a significant jump from 32.28 billion shares in the preceding week. This indicates a heightened investor engagement despite the underperformance of some major stocks.
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Simon further elaborated on the robust market performance, noting that the average daily transaction frequency also saw a substantial increase of 32.71%, climbing to 2.72 million transactions from 2.05 million transactions a week prior. Similarly, the average daily transaction value rose by 17.56%, achieving IDR 20.36 trillion compared to IDR 17.32 trillion in the previous week. These figures were released in an official statement on Saturday, April 18, 2026, painting a picture of an active and dynamic market.
The overall market capitalization of the IDX also experienced healthy growth, increasing by 3.38% to reach IDR 13,635 trillion, up from IDR 13,189 trillion in the preceding week. This expansion underscores the overall positive sentiment and growth trajectory of the Indonesian stock market, even as specific laggards faced corrections.
Here is a detailed table of the top 10 laggard stocks for the week of April 13-17, 2026:
| Code | Price Change (%) | MCFF (IDR trillion) | Contribution to IHSG (points) |
|---|---|---|---|
| BBCA | -4.10% | 268.49 | -25.76 |
| MSIN | -29.55% | 15.73 | -14.79 |
| TLKM | -3.43% | 144.36 | -11.48 |
| APIC | -21.41% | 9.08 | -5.55 |
| SMMA | -4.93% | 43.21 | -5.03 |
| MEGA | -7.46% | 26.90 | -4.86 |
| BMRI | -1.07% | 161.24 | -3.91 |
| DCII | -1.25% | 88.13 | -2.50 |
| BELI | -6.82% | 12.83 | -2.10 |
| ISAT | -5.09% | 10.80 | -1.30 |