The Jakarta Composite Index (IHSG) closed sharply lower, plummeting 1.14% to 6,890 during the first trading session earlier this week on Monday, 11/5. This significant market correction saw 236 stocks gain ground, while a substantial 439 shares experienced declines, and 138 remained unchanged throughout the session.
Mirroring the broader market downturn, the prestigious LQ45 index also registered a notable drop, falling 1.75% today. Among its constituents, PT Bank Mandiri Tbk (BMRI) faced the steepest decline, slumping 7.99% to Rp 4,260, while PT Alamtri Minerals Indonesia Tbk (ADMR) also slipped notably, down 6.03% to Rp 1,715.
The bearish sentiment extended to several other prominent stocks. PT Petrindo Jaya Kreasi Tbk (CUAN) saw its shares decrease by 4.91% to Rp 1,065, closely followed by PT Adaro Andalan Indonesia Tbk (AADI), which weakened by 4.77% to Rp 8,975. Furthermore, PT Japfa Comfeed Indonesia Tbk (JPFA) also experienced a considerable dip, closing down 3.92% at Rp 2,450.
Trading data from the Indonesia Stock Exchange (IDX) for the midday session revealed robust activity, with a total transaction value reaching Rp 11.44 trillion. The market facilitated the exchange of 24.17 billion shares across 1.69 million transactions. Concurrently, the market capitalization of the IHSG stood at Rp 12,303 trillion by the end of the first session today.
Across the eleven sectors listed on the IDX, a stark nine were observed trading in the red zone, underscoring the widespread market weakness. The transportation sector recorded the most significant decline, dropping by a substantial 3.18%. Within this struggling sector, PT Pelayaran Jaya Hidup Baru Tbk (PJHB) shares fell 2.65% to Rp 220, reflecting the broader sectoral pressures.
In the broader regional context, Asian stock markets displayed mixed movements. The Hang Seng index in Hong Kong slipped 0.24%, and Japan’s Nikkei followed with a 0.29% decline. Conversely, mainland China’s Shanghai Composite posted gains, rising 0.68%, and Singapore’s Straits Times also saw positive momentum, growing by 0.39%.
Top Gainers:
- PT Kimia Farma Tbk (KAEF) surged 20.47% to Rp 765
- PT Bundamedik Tbk (BMHS) climbed 6.19% to Rp 206
- PT Bank Danamon Indonesia Tbk (BDMN) rose 6.43% to Rp 4,800
Top Losers:
- PT Bank Mandiri Tbk (BMRI) dropped 7.99% to Rp 4,260
- PT Barito Renewables Energy Tbk (BREN) fell 5.12% to Rp 3,890
- PT Petrindo Jaya Kreasi Tbk (CUAN) declined 4.91% to Rp 1,065
Summary
The Jakarta Composite Index (IHSG) experienced a sharp decline, falling 1.14% to 6,890 during Monday’s trading session. This downturn was widespread, with 439 stocks losing value, including major blue-chip companies such as BMRI, ADMR, and CUAN. The LQ45 index reflected this negative trend with a 1.75% drop, while nine out of eleven sectors on the Indonesia Stock Exchange traded in the red.
Despite the bearish sentiment, the market saw significant activity with a transaction value of Rp 11.44 trillion and a total market capitalization of Rp 12,303 trillion. Regional Asian markets showed mixed results, as Hong Kong and Japan declined while China and Singapore recorded gains. Meanwhile, individual top performers like KAEF and BDMN bucked the downward trend with notable share price increases.