The Jakarta Composite Index (IHSG) experienced a significant decline, plunging into the red zone to close at 6,396.27 during the first trading session on Tuesday, May 19. This sharp correction, according to data from Stockbit, occurred amidst high transaction volumes, signaling a notable market shift.
The rupiah also struggled today, mirroring the equity market’s weakness. Based on Bloomberg data, the Indonesian currency was observed to be further depreciating. By 12:00 PM, the rupiah had fallen by 63 points (0.36%), reaching Rp 17,731 per US dollar, reflecting a challenging period for local assets.
IHSG
The IHSG ultimately closed down by 202.97 points (-3.08%) at the 6,396.27 level. Transaction value for the session was recorded at Rp 15.13 trillion, with a total volume of 27.96 billion shares traded across 1.73 million transactions. Market breadth showed a clear dominance of declining stocks, with 611 shares moving lower, compared to only 96 advancing shares and 107 remaining stagnant.
Top Gainers
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RELI (Reliance Sekuritas Indonesia) surged by 98 points (20.33%) to 580
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KONI (Perdana Bangun Pusaka) climbed by 420 points (14.53%) to 3,310
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ZATA (Bersama Zatta Jaya) increased by 9 points (12.00%) to 84
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LCKM (LCK Global Kedaton) rose by 12 points (10.71%) to 124
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ASPR (Asia Pramulia) advanced by 34 points (8.46%) to 436
Top Losers
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ICON (Island Concepts Indonesia) dropped by 22 points (14.97%) to 125
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DFAM (Dafam Property Indonesia) fell by 19 points (14.96%) to 108
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RLCO (Abadi Lestari Indonesia) declined by 580 points (14.91%) to 3,310
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COCO (Wahana Interfood Nusantara) decreased by 46 points (14.84%) to 264
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GSMF (Equity Development Investment) lost 23 points (14.84%) to 132
Top Value
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BUMI (Bumi Resources) with a transaction value of Rp 1.05 trillion
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BMRI (Bank Mandiri (Persero)) with a transaction value of Rp 654.86 billion
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ANTM (Aneka Tambang) with a transaction value of Rp 628.81 billion
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MDKA (Merdeka Copper Gold) with a transaction value of Rp 503.08 billion
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BBCA (Bank Central Asia) with a transaction value of Rp 450.27 billion
Top Volume
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BUMI (Bumi Resources) with 53.33 million shares traded
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BNBR (Bakrie & Brothers) with 20.01 million shares traded
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BIPI (Astrindo Nusantara Infrastruktur) with 14.30 million shares traded
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KOTA (DMS Propertindo) with 8.34 million shares traded
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DEWA (Darma Henwa) with 7.44 million shares traded
Asian Markets
The movement across Asian stock exchanges showed a mixed performance this afternoon, reflecting varied regional sentiments. Data compiled from Stockbit and Yahoo Finance highlighted the following market trends:
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Japan’s Nikkei 225 Index fell by 0.75% to 60,358.62
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Hong Kong’s Hang Seng Index rose by 0.39% to 25,774.11
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China’s SSE Composite Index edged up by 0.02% to 4,132.46
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Singapore’s Straits Times Index increased by 0.70% to 5,031.72
Summary
The Jakarta Composite Index (IHSG) experienced a sharp decline, falling 3.08% to close at 6,396.27. This correction was marked by heavy trading activity, with 611 stocks declining against only 96 advancers. Simultaneously, the Indonesian rupiah depreciated by 0.36%, trading at Rp 17,731 per US dollar, reflecting broader weakness in local assets.
Market performance across the region remained mixed, with Japan’s Nikkei 225 seeing losses while other major Asian indices showed modest gains. Despite the downward pressure on the index, some companies such as RELI and KONI managed to post significant price increases. Overall, the market session was characterized by high transaction volumes totaling Rp 15.13 trillion.