Jakarta, ThedailyID — Indonesia’s benchmark stock index, IHSG, plunged 3.08 percent during the first trading session on Monday and dropped to the 6,396 level.
The sharp decline reflected heavy selling pressure across multiple sectors as investors reacted to market uncertainty and weakening sentiment.
Several major stocks in the banking, technology, and commodity sectors reportedly contributed to the market downturn.
Analysts said global economic concerns, currency pressure, and investor caution continued influencing trading activity in the Indonesian market.
The weakening rupiah and external market volatility also added pressure to domestic investor sentiment.
Market observers noted that foreign investor activity remained one of the major factors affecting the day’s trading movement.
Meanwhile, some investors chose to secure profits and reduce exposure amid fears of further correction in the market.
The decline placed IHSG among the weaker-performing markets in the region during the trading session.
Despite the sharp drop, analysts encouraged investors to remain cautious and monitor both domestic and global economic developments before making investment decisions.
They also reminded investors that stock market volatility often increases during periods of economic uncertainty and geopolitical tension.
