JAKARTA — The Jakarta Composite Index (JCI) concluded the trading week of April 20–24, 2026, on a bearish note, succumbing to pressure from prevailing global market dynamics.
Market data from the Indonesia Stock Exchange (IDX) revealed a significant downturn during this period, with the JCI declining by 6.61% to close at 7,129.490, down from the previous week’s position of 7,643.004. This sharp correction was exacerbated by heavy selling pressure, as foreign investors recorded a net sell totaling Rp42.809 trillion.
As the index faltered, market capitalization plummeted by approximately Rp899 trillion throughout the week. This volatility highlighted the ongoing challenges facing the Indonesian market, as investors reacted to both domestic fiscal conditions and broader international sentiment.
Amidst the broader market decline, several stocks experienced substantial losses, landing on the top 10 losers list for the week. Leading the decliners was PT Dian Swastika Sentosa Tbk. (DSSA), a company under the Sinarmas group, which tumbled 37.85% to close at Rp2,020.
Following closely, PT Ifishdeco Tbk. (IFSH) saw its share price weaken by 32.79% to reach Rp2,050. Meanwhile, PT Barito Renewables Energy Tbk. (BREN), owned by Prajogo Pangestu, dropped 30.26% to close the week at Rp4,620.
The property sector also faced significant selling pressure, with PT Jaya Sukses Makmur Sentosa Tbk. (RISE), owned by Hermanto Tanoko, falling by 28.36% to Rp1,705. Additionally, PT Indokripto Koin Semesta Tbk. (COIN) recorded a decline of 19.57%, finishing the week at Rp1,130.
Other notable decliners included PT Multipolar Technology Tbk. (MLPT), which dropped 18.97% to Rp23,500, and PT Red Planet Indonesia Tbk. (PSKT), which shed 18.88% to settle at Rp232. Shares of PT Gowa Makassar Tourism Development Tbk. (GMTD) also struggled, sliding 18.11% to Rp1,560.
Rounding out the list were PT MD Entertainment Tbk. (FILM) and PT Satria Mega Kencana Tbk. (SOTS), occupying the ninth and tenth spots with respective declines of 17.95% and 17.93%. These shares closed at Rp2,239 and Rp1,030, respectively.
Top 10 Losers for the Week (April 20–24, 2026):
1. DSSA: -37.85% (Rp2,020)
2. IFSH: -32.79% (Rp2,050)
3. BREN: -30.26% (Rp4,620)
4. RISE: -28.36% (Rp1,705)
5. COIN: -19.57% (Rp1,130)
6. MLPT: -18.97% (Rp23,500)
7. PSKT: -18.88% (Rp232)
8. GMTD: -18.11% (Rp1,560)
9. FILM: -17.95% (Rp2,240)
10. SOTS: -17.93% (Rp1,030)
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Summary
The Jakarta Composite Index (JCI) experienced a significant downturn during the week of April 20–24, 2026, falling 6.61% to close at 7,129.49. This bearish trend resulted in a market capitalization loss of approximately Rp899 trillion, driven by intense selling pressure and a massive foreign net sell of Rp42.809 trillion.
Among the hardest-hit equities, PT Dian Swastika Sentosa Tbk. (DSSA) led the top 10 losers with a 37.85% decline. Other notable stocks suffering significant losses included PT Ifishdeco Tbk. (IFSH) at 32.79% and PT Barito Renewables Energy Tbk. (BREN) at 30.26%, reflecting widespread volatility across the Indonesian market.