The Jakarta Composite Index (IHSG) concluded trading on Friday, July 24, 2026, with a significant plunge, shedding 1.88% or 118.88 points to close at the 6,196 level. This sharp decline reflected a day dominated by selling pressure across the Indonesian equity market, impacting a vast majority of listed companies. The overall market sentiment was decidedly bearish, leaving many investors to reassess their positions as the trading session drew to a close.
Market data from the Indonesia Stock Exchange (BEI) painted a clear picture of the widespread downturn. A striking 587 companies saw their share prices fall, indicating broad-based weakness. In contrast, only 104 companies managed to close higher, while 105 companies remained unchanged, highlighting the pervasive negative trend that enveloped the market throughout the day. This imbalance underscores the challenging environment faced by traders and investors alike.
Despite the prevailing negative sentiment, trading activity remained robust. The total transaction volume for the day reached an impressive 37.62 billion shares, demonstrating active participation even amidst the downturn. Furthermore, the transaction frequency soared to 2.24 million times, suggesting a high level of engagement from both institutional and retail investors. These figures indicate that while prices were falling, market participants were actively adjusting their portfolios.
The total market capitalization of the Indonesia Stock Exchange was recorded at Rp 10,894 trillion, reflecting the immense scale of the Indonesian equity market. Concurrently, the total value of transactions throughout the trading day amounted to a substantial Rp 17.61 trillion. These substantial figures highlight the liquidity and depth of the Indonesian market, even as it navigated a challenging session characterized by significant price depreciation.
Every single sector listed on the BEI ended the day in the red zone, signaling a comprehensive market retreat. This uniform decline across all sectors emphasizes the systemic nature of the selling pressure, rather than isolated incidents impacting specific industries. Such broad-based declines often point to larger macroeconomic concerns or shifts in global investor sentiment that transcend individual company performance.
The basic industry sector bore the brunt of the market’s downturn, experiencing the steepest decline among all sectors, plummeting 3.02% sectorally. This significant drop in a foundational economic segment indicates potential concerns regarding industrial output, commodity prices, or overall economic growth prospects. Investors often view the performance of basic industry stocks as a bellwether for the broader economic health, making this decline particularly noteworthy.
Several key companies within the basic industry sector faced intense selling pressure. PT Bumi Resources Minerals Tbk (BRMS) saw its shares tumble by 4.10% to Rp 585, reflecting a challenging period for the mining giant. Similarly, PT Archi Indonesia Tbk (ARCI) experienced a sharp drop of 7.05%, closing at Rp 1,055. The performance of these prominent mining firms often sways investor confidence in the broader resources sector.
Further contributing to the sector’s woes, PT Timah Tbk (TINS), a significant player in the tin mining industry, saw its stock price decline by 7.05% to Rp 3,430. Another major player, PT Amman Mineral Internasional Tbk (AMMN), also faced substantial pressure, with its shares falling by 4.27% to Rp 4,040. The collective performance of these heavyweights underscored the profound challenges encountered by the basic industry segment on this trading day.
The influential jumbo bank stocks, often considered pillars of the IHSG, also experienced declines, contributing significantly to the overall index’s fall. These large financial institutions hold considerable weight in the index due to their substantial market capitalization and widespread investor interest. Their performance is often a key indicator of investor confidence in the broader financial health and economic stability of the nation.
PT Bank Mandiri Tbk (BMRI), one of Indonesia’s largest banks, saw its shares plummet by a notable 5.71% to Rp 4,130. This substantial drop for a banking titan can send ripples across the market, impacting investor perception of the entire financial sector. Similarly, PT Bank Negara Indonesia Tbk (BBNI) experienced a 2.22% decline, closing at Rp 3,520, further solidifying the negative trend among major lenders.
Another key financial institution, PT Bank Rakyat Indonesia Tbk (BBRI), also faced a correction, with its stock price decreasing by 1% to Rp 2,960. While less severe than some of its counterparts, this decline still contributed to the overall bearish sentiment in the banking sector. Interestingly, PT Bank Central Asia Tbk (BBCA) managed to remain stagnant, holding its ground at Rp 6,275, an outlier among the top-tier banks experiencing declines.
In terms of transaction value, BMRI emerged as the most actively traded stock, with a total transaction value reaching an impressive Rp 1.68 trillion. This high volume of trading activity for Bank Mandiri indicates strong investor interest and liquidity, even as its share price declined. High transaction values often reflect significant institutional and retail movements, highlighting the stock’s prominence in the market.
Following closely, PT Chandra Asri Pacific Tbk (TPIA) registered substantial trading, with transactions totaling Rp 1.23 trillion. This petrochemical giant frequently captures investor attention due to its strategic importance in the industrial sector. BBCA also recorded a significant transaction value of Rp 1.18 trillion, underscoring its consistent appeal and liquidity among investors, despite its share price remaining unchanged for the day.
The downturn was not isolated to Indonesia; other major Asian stock indexes also experienced collective declines, indicating a broader regional or even global market sentiment at play. This interconnectedness often means that local markets are influenced by the performance of their regional peers, especially in times of uncertainty. The synchronized drops suggest a shared reaction to overarching economic or geopolitical factors.
Japan’s benchmark index, the Nikkei, plunged by 2.79% to close at 64,572, reflecting significant pressure on Japanese equities. The Shanghai Composite in China also saw a considerable decline, falling by 1.61% to 3,814.2. Meanwhile, the Hang Seng Index in Hong Kong experienced a correction of 0.98%, settling at 24,963.23. These regional market movements provide crucial context for understanding the IHSG‘s performance.
Amidst the widespread market decline, a few companies managed to defy the trend and emerge as the day’s top gainers. These individual successes highlight that even in a bearish market, specific stocks can experience positive momentum due to unique company news, sector-specific catalysts, or strong investor demand. These outperformers often become points of interest for investors seeking resilient assets.
PT Singaraja Putra Tbk (SINI) led the charge, soaring by 9.93% to reach Rp 7,475, marking it as the top performer of the day. Following this impressive rally, PT Ekamas Mora Republika Tbk (MORA) also posted a strong gain, increasing by 3.94% to close at Rp 6,600. Additionally, PT AKR Corporindo Tbk (AKRA) saw its shares climb by 2.48% to Rp 1,445, demonstrating pockets of strength within the challenging market.
Conversely, the list of top losers provided a stark reminder of the day’s negative sentiment, with several companies experiencing significant corrections. These substantial drops often signal intense selling pressure, profit-taking, or negative news specifically impacting these firms. Investors closely monitor top losers to understand where the greatest market weakness lies and to identify potential risks.
PT Petrindo Jaya Kreasi Tbk (CUAN) registered the steepest decline among the top losers, plunging by 7.28% to Rp 700. This significant drop underscores the volatility that can affect certain stocks, particularly during a market downturn. PT Archi Indonesia Tbk (ARCI), also mentioned earlier, appeared again on this list, falling by 7.05% to Rp 1,055, confirming the severe pressure it faced.
Rounding out the list of the day’s most significant underperformers, PT Timah Tbk (TINS) also recorded a substantial drop of 7.05%, closing at Rp 3,430. Its inclusion among the top losers further emphasizes the challenging conditions faced by the basic industry sector and specific resource-related companies. The confluence of these factors created a difficult trading environment for many market participants.
