Jakarta, ThedailyID — Indonesia’s benchmark stock index suffered a sharp decline on Monday, with the Jakarta Composite Index (IHSG) falling 2.87% during the first trading session.
By midday, the index had dropped 160.2 points to 5,434. The sell-off pushed IHSG further away from the psychological 5,500 level and reflected growing caution among investors.
Trading activity remained busy throughout the morning. Market data showed billions of shares changed hands as investors responded to both domestic and global uncertainties.
Most sectors traded in negative territory. Financial, technology, infrastructure, and consumer-related stocks recorded some of the steepest losses during the session.
Several large-cap stocks also came under pressure, contributing significantly to the index’s decline. Investors continued to reduce exposure to riskier assets amid concerns over economic growth and market stability.
The sharp fall came just days after market participants monitored volatility in the rupiah and renewed concerns over Indonesia’s economic outlook. Investors also continued to assess global developments, including interest rate expectations and geopolitical tensions.
Analysts noted that weaker investor sentiment has weighed on emerging markets in recent weeks. Foreign fund flows and concerns about slowing economic activity have added pressure to local equities.
Despite the downturn, market observers said investors remain focused on upcoming economic data and policy developments that could influence market direction in the coming weeks.
The afternoon trading session will likely determine whether the market can trim losses or extend its decline before the closing bell.
