The Indonesia Stock Exchange Composite Index (IHSG) opened significantly lower on Monday, dropping 214 points or 3.75% to 5,390 (08/06). The decline marked a sharper fall compared to most Asian stock markets.

The weakness was driven by broad-based selling pressure across the market at the opening session.

Broad Sector Declines Hit All Industries

All major sectors recorded declines, including basic materials, industry, energy, consumer staples, infrastructure, transportation, and financials.

The widespread weakness indicated that selling pressure affected nearly all areas of the Indonesia Stock Exchange without exception.

Big Cap Stocks Weigh on Market Performance

Large-cap stocks were among the main contributors to the IHSG decline, including AMMN, TLKM, RAJA, PANI, BREN, MDKA, PTRO, BBCA, and DSSA.

Banking stocks also weakened significantly, with BBCA falling 10.96%, BBRI down 7.12%, and TLKM declining 8.91%. BRPT dropped 23.71%, while MORA fell 17.39%.

In the previous week, IHSG had already dropped 532.61 points or 8.69% to 5,594. This also reduced market capitalization by Rp 922 trillion, bringing it to Rp 9,807 trillion.

Foreign Net Sell Continues Pressuring IHSG

Foreign investors continued to record net selling in the Indonesian stock market, reaching Rp 7.38 trillion in the latest week.

Although lower than the previous week’s net sell of Rp 12.34 trillion, the outflow still contributed to sustained pressure on IHSG performance.

PHOTO: ANTARA/ASPRILLA DWI ADHA

This article was created with AI assistance.

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