The Jakarta Composite Index (IHSG) faced significant downward pressure on Thursday (April 30, 2026), closing at 6,956.80 as a wave of corrections hit several heavyweight stocks. Data from the Indonesia Stock Exchange (IDX) revealed that the benchmark index plummeted by 2.03%, or 144.43 points, by the end of the trading day. Although the index opened at 7,103.25 and reached an intraday high of 7,109, it was unable to maintain its footing in positive territory.
Market sentiment remained overwhelmingly bearish, with 576 stocks ending the day in the red, while only 133 posted gains and 105 remained stagnant. Despite the downturn, the total market capitalization stood at a substantial Rp12,405 trillion.
The decline was largely driven by a retreat in big-cap stocks. PT Dian Swastatika Sentosa Tbk. (DSSA) saw its share price drop by 6.10% to Rp1,615, while PT Barito Renewables Energy Tbk. (BREN) experienced a 5.71% correction, landing at Rp4,460 per share. Banking giant PT Bank Rakyat Indonesia (Persero) Tbk. (BBRI) also weighed heavily on the index, falling 2.61% to Rp2,990. Meanwhile, consumer goods leader PT Unilever Indonesia Tbk. (UNVR) contracted by 2.54%, closing at Rp1,535.
In contrast to the broader market trend, PT Sidomulyo Selaras Tbk. (SDMU) emerged as the top gainer, with its stock price soaring 28.57% to Rp126. It was joined by PT Adhi Karya (Persero) Tbk. (ADHI), which saw a robust growth of 16.48%, reaching Rp212 per share.
On the losing end, PT Leyand International Tbk. (LAPD) topped the losers’ list with a 9.62% decline to Rp94, followed by PT ESSA Industries Indonesia Tbk. (ESSA), which weakened by 8.90% to settle at Rp870 per share.
Analyzing the market movement, Valdy Kurniawan, Head of Research at Phintraco Sekuritas, noted that the IHSG had already shown signs of weakness during the first session, where it dipped as low as 6,926.54. From a technical perspective, the index has broken below the critical psychological support level of 7,000 and the MA5 line. This movement has been accompanied by a negative widening in the MACD histogram.
“With this combination of technical signals, we anticipate the IHSG will continue to fluctuate with a downward bias as it tests the 6,975 level,” Valdy remarked regarding the day’s intraday performance.
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Summary
On Thursday, April 30, 2026, the Jakarta Composite Index (IHSG) experienced a significant decline, closing at 6,956.80, down 2.03% or 144.43 points. The market was predominantly bearish, with 576 stocks falling and only 133 advancing. Major heavyweight stocks like PT Dian Swastatika Sentosa Tbk. (DSSA), PT Barito Renewables Energy Tbk. (BREN), PT Bank Rakyat Indonesia (Persero) Tbk. (BBRI), and PT Unilever Indonesia Tbk. (UNVR) contributed to the downward pressure. Despite the broad market correction, the total market capitalization remained at Rp12,405 trillion.
Technical analysis suggests the IHSG has broken below the key support level of 7,000 and the MA5 line, with a negative MACD histogram. This technical weakness, coupled with downward intraday movements, leads to an expectation of continued fluctuation with a downward bias as the index tests the 6,975 level. In contrast to the general trend, PT Sidomulyo Selaras Tbk. (SDMU) and PT Adhi Karya (Persero) Tbk. (ADHI) were notable gainers, while PT Leyand International Tbk. (LAPD) and PT ESSA Industries Indonesia Tbk. (ESSA) were among the top decliners.