Gotrade News - The Jakarta Composite Index (IHSG), Indonesia's benchmark stock gauge, plunged 2.46% to 6,926 on Wednesday (30/04). The drop pushed the index below the psychological 7,000 level that had supported recent trading.
Indonesia Stock Exchange market capitalization fell sharply with the index. Data from Katadata showed Rp4,257 trillion has evaporated since the all-time high in January 2026.
Key Takeaways:
- IHSG fell 2.46% to 6,926, breaking below 7,000 support
- Market cap shed Rp4,257 trillion from 9,134 record peak
- All 11 sectors closed red, materials and energy hit hardest
A total of 618 stocks declined during the midday session. Only 95 stocks advanced while 98 traded flat, according to Katadata.
Trading turnover reached Rp11.27 trillion on volume of 23.46 billion shares. The session recorded 1.55 million transactions through the first trading session.
All 11 IHSG sectors traded in negative territory on Wednesday (30/04). The materials sector led losses with a 3.77% drop, followed by industrials down 3.21%, according to Liputan6.
A weakening rupiah was the main pressure point on equities. MNC Sekuritas analyst Herditya Wicaksana noted the rupiah depreciated to 17,390 per US dollar during the session.
Banking and energy stocks bore the brunt of selling pressure. Herditya Wicaksana added that regional Asian markets also showed correction tendencies on the same day.
The LQ45 index of blue-chip stocks dropped 2.39% to 667.79. Bank Mandiri sector heavyweight ANTM fell 6.44% to Rp3,630, ranking among the biggest index drags.
DSSA was the worst performer with a 10.17% slide to Rp1,545. ESSA also tumbled 7.85% to Rp880 during Wednesday trading, according to Katadata.
Pressure extended beyond domestic markets to regional peers. Hong Kong's Hang Seng fell 1.29% while Japan's Nikkei dropped 1.24% in the same session.
Indonesia Stock Exchange market cap now stands at Rp12,333 trillion. That figure is 25.66% below the Rp16,590 trillion record set on 20 January 2026, according to Katadata.
The afternoon session offered no meaningful recovery for the index. IHSG losses briefly deepened to 3% during the second session, according to Liputan6 reporting.
Sellers remained in control heading into the closing bell. Investors stayed cautious amid rupiah uncertainty and a weak regional sentiment backdrop.
For global retail investors, the selloff highlights emerging-market currency risk. Diversifying into US equities can offer a hedge against single-market currency exposure.
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