IHSG Plunges into Red Zone, Drops 1.21% to 8,135 Today
JAKARTA — The Composite Stock Price Index (IHSG) opened weaker today, Friday (27/2/2026), declining to 8,171.56. This downturn was primarily driven by corrections in several prominent big-cap stocks, including DSSA, BREN, TPIA, PANI, and TLKM, signaling a challenging start to the trading day.
According to data from the Indonesia Stock Exchange (BEI), the IHSG experienced a 0.77% drop, or 63.70 points, settling at 8,171.56 as of 09:02 AM Western Indonesian Time (WIB). Throughout the early trading hours, the index fluctuated, reaching a low of 8,168.63 while briefly touching a high of 8,214.45.
Market breadth indicated broad-based selling pressure, with 339 stocks experiencing corrections, 138 stocks showing gains, and 196 remaining stagnant. Despite the overall decline, the total market capitalization remained substantial, reaching Rp14,943.85 trillion.
Amidst the widespread downturn, a notable exception among the large-cap stocks was PT Unilever Indonesia Tbk. (UNVR), which managed to strengthen by 0.87%, rising to Rp2,330 per share.
Conversely, several other big-cap giants faced significant selling pressure. PT Dian Swastatika Sentosa Tbk. (DSSA) saw a correction of 3.01%, falling to Rp80,500. This was closely followed by PT Barito Renewables Energy Tbk. (BREN), which declined by 2.87% to Rp7,625 per share.
Further contributing to the index’s weakness, shares of PT Chandra Asri Pacific Tbk. (TPIA) slipped 2.16% to Rp6,800. Meanwhile, PT Pantai Indah Kapuk Dua Tbk. (PANI) and PT Telkom Indonesia (Persero) Tbk. (TLKM) also recorded decreases of 2.11% and 1.10%, respectively, impacting the overall market sentiment.
In terms of individual stock performance, today’s top gainers included PT Bakrie & Brothers Tbk. (BNBR), which surged by an impressive 25.47% to Rp202, and PT Widodo Makmur Unggas Tbk. (WMUU), climbing 22.08% to Rp94 per share.
On the other end of the spectrum, the top losers were led by PT Island Concepts Indonesia Tbk. (ICON), plummeting 11.11% to Rp120, and PT Distribusi Voucher Nusantara Tbk. (ELPI), which dropped 11.06% to Rp85 per share.
Looking ahead, the IHSG is anticipated to test the psychological support level at 8,200 today, following significant pressure experienced in the preceding trading session.
Fanny Suherman, Head of Retail Research at BNI Sekuritas, emphasized the critical importance of the index’s technical movement for the day. She explained that if the IHSG manages to sustain above the 8,200 level, there is a potential for a short-term technical rebound.
“The IHSG will attempt to test support at 8,200, and if it holds strong there, a short-term technical rebound is possible. However, if it breaks below 8,200, it could correct further down to 8,050,” Fanny stated in her daily research publication, highlighting the pivotal levels for investors.
Fanny projects today’s IHSG support range to be between 8,126 and 8,200, while the resistance area is expected to lie within the 8,280 to 8,320 band, guiding market participants on potential price movements.
The persistent pressure on the IHSG is also attributed to the substantial net sell activity by foreign investors, who offloaded shares worth Rp409 billion during yesterday’s trading session, indicating a cautious stance from international funds.
Several blue-chip stocks heavily divested by foreign investors included PT Bank Central Asia Tbk. (BBCA), PT Indah Kiat Pulp & Paper Tbk. (INKP), and PT Bank Negara Indonesia (Persero) Tbk. (BBNI), contributing to their respective declines and impacting the broader market.
Globally, sentiments from the US stock market, or Wall Street, were predominantly weaker overnight. The S&P 500 declined by 0.54%, and the Nasdaq fell 1.18%. The primary drag came from Nvidia, whose shares tumbled by over 5% despite the company reporting fourth-quarter earnings that surpassed market expectations.
“The financial reports from Nvidia and software company Salesforce were not sufficient to lift overall market sentiment,” Fanny concluded, underscoring the prevailing cautious mood despite positive individual company news.
Across Asia, stock exchanges exhibited varied movements. The Nikkei and KOSPI indices recorded slight gains, buoyed by easing concerns over the sustainability of spending in the artificial intelligence (AI) sector, even as the Hang Seng continued its correction, reflecting a mixed regional outlook.
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