Kuya Food Express JAKARTA – The Jakarta Composite Index (IHSG) concluded trading on Friday, May 22, 2026, with a significant gain, rising by 67.10 points or 1.10% to reach 6,162.04. This positive close offered a brief respite for investors after a challenging week in the Indonesian stock market.
Despite Friday’s upturn, the IHSG recorded a substantial decline of 8.35% over the entire past week. This considerable downturn in the overall index was largely attributed to the underperformance of shares primarily linked to prominent businessman Prajogo Pangestu, alongside a broad weakening in commodity-related stocks that heavily influenced market sentiment.
The weekly decline saw several key stocks experience significant drops, directly impacting the broader index. The most notable contributors to this downward pressure included:
- Chandra Asri Pacific (TPIA), which plummeted 53.49% over the past week, closing at Rp 2,000 and contributing a negative 47.78 points to the index.
- Dian Swastatika Sentosa (DSSA), registering a 47.34% decrease over the past seven days, ending at Rp 545 and accounting for a negative 43.42 points on the index.
- Barito Renewables (BREN), seeing its value drop by 23.44% last week to Rp 2,450, with a negative impact of 27.80 points on the index.
- Barito Pacific (BRPT), which declined 22.84% during the week, closing at Rp 1,605 and contributing a negative 26.85 points.
- Amman Mineral (AMMN), experiencing a 21.62% fall in the last week to Rp 2,900, with a negative 24.42 points contributed to the index.
- Bumi Resources Minerals (BRMS), whose shares fell 18.18% over the past week to Rp 630, impacting the index by a negative 21.11 points.
- Bayan Resources (BYAN), recording a 10.71% dip last week, closing at Rp 10,000 and contributing a negative 19.17 points to the index.
- Bank Central Asia (BBCA), one of the banking giants, also saw a 3.28% decrease in value over the past week, closing at Rp 5,900 and contributing a negative 18.83 points.
- Astra International (ASII), another major conglomerate, dropped 6.09% last week to Rp 5,400, resulting in a negative 14.03 points for the index.
- Petrindo Jaya Kreasi (CUAN), which experienced a sharp 39.41% decline over the past seven days, ending at Rp 515 and contributing a negative 13.46 points to the index.
Summary
The Jakarta Composite Index (IHSG) closed at 6,162.04 on Friday, May 22, 2026, marking a 1.10% daily gain despite a challenging period. Over the entire week, the index recorded a substantial decline of 8.35% primarily due to the underperformance of commodity-related stocks and companies linked to businessman Prajogo Pangestu. This downturn ended a volatile week that heavily influenced overall market sentiment.
Major contributors to the weekly slump included Chandra Asri Pacific (TPIA) and Dian Swastatika Sentosa (DSSA), which saw their values drop by approximately 53% and 47% respectively. Other significant declines were observed in Barito Renewables (BREN), Barito Pacific (BRPT), and Amman Mineral (AMMN). Even large-cap companies like Bank Central Asia and Astra International experienced losses that further weighed down the index.