The Jakarta Composite Index (IHSG) experienced a significant downturn during the first trading session today, Thursday (30/4), plummeting by 2.46% to settle at the 6,926 level. This broad market correction saw only 95 stocks register gains, while a substantial 618 shares declined, and 98 remained unchanged, painting a clear picture of prevailing bearish sentiment.
Trading data from the Indonesia Stock Exchange (BEI) revealed robust activity despite the decline. By lunchtime, the total transaction value for shares reached Rp 11.27 trillion, with a cumulative volume of 23.46 billion shares traded across 1.55 million frequencies. However, the market capitalization for this initial trading session stood at Rp 12,333 trillion, reflecting the overall valuation of listed companies.
Looking back, the IHSG had previously achieved an all-time high (ATH) of 9,134 on January 20, 2026, when its market capitalization was recorded at a staggering Rp 16,590 trillion. Currently, as the index drifts further away from the 9,000 mark, the market capitalization on the Indonesian exchange has seen a substantial erosion, with Rp 4,257 trillion — or 25.66% — having evaporated since that peak. This stark contrast underscores the significant correction witnessed in the Indonesian equity market.
The market’s struggles were evident across all eleven sectors on the BEI, with every single one closing in the red zone. The raw materials sector recorded the steepest decline, plunging by 3.77%. Notably, among the sector’s constituents, PT Bumi Resources Minerals Tbk (BRMS) saw its shares fall by 3.05% to Rp 795, reflecting the sector-wide pressure.
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The downward trend was not isolated to Indonesia, as most Asian stock markets also experienced declines. The Hang Seng Index fell by 1.29%, the Shanghai Composite slipped by 0.04%, and the Nikkei Index dropped by 1.24%. In contrast, the Straits Times Index managed to buck the trend with a modest gain of 0.60%.
Saham top gainers: (Top Gainers)
- PT Adhi Karya Tbk (ADHI) surged 21.98% to Rp 222.
- PT PP Persero Tbk (PTPP) rose 6.45% to Rp 264.
- PT Wijaya Karya Beton Tbk (WTON) increased 2.22% to Rp 92.
Saham top losers: (Top Losers)
- PT Dian Swastika Sentosa Tbk (DSSA) fell 10.17% to Rp 1,545.
- PT ESSA Industries Indonesia Tbk (ESSA) dropped 7.85% to Rp 880.
- PT Aneka Tambang Tbk (ANTM) declined 6.44% to Rp 3,630.
Summary
The Jakarta Composite Index (IHSG) suffered a major decline, dropping 2.46% to 6,926 during the first trading session. This market-wide correction hit all eleven sectors, led by the raw materials sector which fell 3.77%, while shares of 618 companies experienced a downturn. This trend mirrors broader instability in Asian markets, where major indices like the Hang Seng and Nikkei also recorded losses.
The total market capitalization of the Indonesia Stock Exchange has now eroded by Rp 4,257 trillion, representing a 25.66% decrease from its all-time high of Rp 16,590 trillion recorded in January 2026. Despite the significant drop in value, trading activity remained high with a transaction value of Rp 11.27 trillion by midday. This substantial decline highlights a period of intense bearish pressure across the Indonesian equity market.
