The Jakarta Composite Index (IHSG) experienced a notable decline in the first trading session on Tuesday, May 26th, ahead of the Eid al-Adha 1447 H stock market holiday. The index shed 0.91%, equivalent to 56.67 points, settling at the 6,149 level. This dip contributes to a significant year-to-date decline of 28.88%, reflecting broader market challenges.
Leading the charge among the day’s steepest declines were several prominent stocks, dubbed the “top losers.” PT Sumber Alfaria Trijaya Tbk (AMRT) saw its shares plunge by 8.88% to Rp 1,180. Following suit, PT Dian Swastatika Sentosa Tbk (DSSA) recorded a 7.50% drop to Rp 444, while PT Timah Tbk (TINS) fell by 7.32% to Rp 3,290. These significant movements underscore the bearish sentiment prevailing in the market during this session.
According to data from the Indonesia Stock Exchange (BEI), trading activity during the first session was substantial. The total trading volume reached an impressive 15.32 billion shares, executed across 1.21 million transactions. By midday, the market capitalization stood at Rp 10,662 trillion, with the total transaction value reaching Rp 9.12 trillion before the lunch break.
A closer look at individual stock performance reveals a mixed, yet predominantly negative, picture. While 253 stocks managed to close higher, a larger contingent of 396 stocks registered declines, and 169 stocks remained stagnant, indicating a broad-based downturn affecting numerous segments.
The market weakness was pervasive across sectors, with nine out of eleven sectors on the BEI closing in the red zone. The financial sector, a key indicator of market health, notably decreased by 1.19% sectorally. Major banking stocks were not immune to this pressure; PT Bank Central Asia Tbk (BBCA) corrected by 1.64% to Rp 6,000, and PT Bank Rakyat Indonesia Tbk (BBRI) fell by 2.21% to Rp 3,100. Meanwhile, PT Bank Mandiri Tbk (BMRI) saw a more modest decline of 0.47% to Rp 4,200.
Despite the overall market decline, some stocks garnered significant trading interest. PT Barito Pacific Tbk (BRPT) emerged as the most actively traded stock by value until midday, attracting Rp 879.21 billion in transactions. It was closely followed by PT Chandra Asri Pacific Tbk (TPIA) with Rp 603.89 billion in trades, and PT Bank Central Asia Tbk (BBCA), which, despite its share price dip, recorded Rp 530 billion in transaction value.
Midday Top Gainers:
- PT Barito Pacific Tbk (BRPT) surged 9.12% to Rp 1,615.
- PT Chandra Asri Pacific Tbk (TPIA) climbed 7.65% to Rp 1,900.
- PT Fast Food Indonesia Tbk (FAST) rose 6.78% to Rp 252.
Midday Top Losers:
- PT Sumber Alfaria Trijaya Tbk (AMRT) dropped 8.88% to Rp 1,180.
- PT Dian Swastatika Sentosa Tbk (DSSA) fell 7.50% to Rp 444.
- PT Timah Tbk (TINS) declined 7.32% to Rp 3,290.
Summary
The Jakarta Composite Index (IHSG) experienced a notable decline in its first trading session on Tuesday, May 26th, dropping 0.91% or 56.67 points to close at 6,149. This dip contributed to a significant 28.88% year-to-date decline for the index. Trading activity was substantial, with 15.32 billion shares traded across 1.21 million transactions, totaling Rp 9.12 trillion in value.
Several stocks were identified as top losers, including PT Sumber Alfaria Trijaya Tbk (AMRT) which fell 8.88%, PT Dian Swastatika Sentosa Tbk (DSSA) down 7.50%, and PT Timah Tbk (TINS) declining 7.32%. The market weakness was broad, as 396 stocks registered declines, and nine out of eleven sectors closed in the red, notably including a 1.19% decrease in the financial sector.
