Market Correction: IHSG Slides Over 1% as All Sectors Close in the Red

The Indonesian stock market faced significant pressure during Thursday's trading session. The Indonesia Composite Index (IHSG) failed to maintain its momentum, ending the day on February 26, 2026, with a noticeable decline. By the closing bell, the index had retreated by 86.967 basis points, or approximately 1.04%, settling at the 8,235.262 level. This downward movement reflects a broader cautious sentiment that permeated the exchange throughout the day.

Intraday Volatility and Market Movement

From the start of the session, the IHSG showed signs of struggle. After opening at 8,322, the index attempted to reach a peak of 8,358. However, the selling pressure proved too strong to overcome. As the day progressed, the index touched a low of 8,139 before slightly recovering to its final closing position. This wide trading range indicates a volatile session where bears largely maintained control over the price action.

A Clean Sweep of Red Across All Sectors

What made Thursday's session particularly striking was the lack of any safe haven among the sectoral indices. Every single sector tracked by the IDX ended the day in negative territory. The transportation sector (IDXTRANS) took the hardest hit, plunging a massive 4.54%. It was followed closely by the cyclical consumer sector (IDXCYCLIC) which dropped 2.59%, and the infrastructure sector (IDXINFRA) which fell 2.41%.

Other sectors didn't fare much better. Energy (IDXENERGY) declined by 2.13%, properties (IDXPROPERT) by 2.10%, and healthcare (IDXHEALTH) by 2.06%. Even the usually more stable financial sector (IDXFINANCE) couldn't escape the trend, though it recorded the smallest loss of the day at -0.52%. The widespread nature of these losses suggests a systemic exit or a general lack of investor confidence during the session.

The Top Gainers: Defying the Trend

Despite the gloomy overall performance, a few individual stocks managed to provide some excitement for retail investors. MSKY led the pack of top gainers, soaring 34.61% to reach 105. It was followed by JAYA, which surged 34.56% to close at 218. Other notable performers included DIVA, which climbed 27.60% to 208, and IFSH, which jumped 25.00% to hit the 2,000 mark. STAR also made the list with a significant 24.40% gain, ending at 790. These outliers managed to attract buying interest even as the broader market struggled.

The Top Losers: Heavy Corrections

On the flip side, several stocks suffered steep corrections, contributing to the index's overall drag. INDS saw its value drop by 14.95% to close at 1,280. Similarly, SKBM fell 14.87% to 1,030, and ARKO experienced a sharp decline of 14.82%, dropping 1,475 points to end at 8,475. BUVA and KONI also faced heavy selling, losing 14.75% and 14.66% respectively, closing at 1,415 and 1,920.

Broader Market Indicators

The bearish sentiment was echoed across other major indices. The LQ45 index, which tracks the most liquid stocks, fell 0.61% to 837.894. The Jakarta Islamic Index (JII) saw a deeper cut of 1.11%, ending at 560.707. Furthermore, the IDX30 dropped 0.60% to 443.425, while the IDX80 declined by 0.84% to 129.139. These figures confirm that the sell-off was not limited to small-cap stocks but also affected the market's blue-chip and high-liquidity names.