IHSG Slumps 0.81% in Session I: Breaking Down the Key Drivers Behind the Market Correction
Intan
from Orbitcore Editorial
The Indonesian stock market faced a challenging start today as the Jakarta Composite Index (IHSG) struggled to find its footing. By the end of the first trading session on Thursday, February 26, 2026, the index was firmly in the red, closing down 0.81% at the 8,255 level. This downward movement reflects a broader sense of volatility that has gripped the exchange since the opening bell.
Intraday Volatility and Trading Ranges
The market didn't just drop in a straight line; instead, it experienced significant fluctuations throughout the morning. Investors witnessed the IHSG swing between a peak of 8,358 and a low of 8,236. The fact that the index touched such a deep low suggests that selling pressure was quite aggressive at certain intervals, preventing any sustained recovery during the first half of the day.
High Transaction Volume Signals Active Selling
Despite the bearish sentiment, market activity remained incredibly high. Data from the Indonesia Stock Exchange (IDX) revealed that the total value of stock transactions reached a staggering Rp14.87 trillion. This involved the exchange of approximately 26.32 billion shares, processed through 1.74 million individual trades. This high volume indicates that the sell-off was widespread and not limited to just a few niche players, as major institutional and retail investors rebalanced their portfolios.
Your brand deserves a better website.
We don't just use templates. We build custom web apps, landing pages, and company profiles designed specifically for what you need.
Sectoral Meltdown: Transportation and Consumer Goods Take the Hit
When we look under the hood, it becomes clear that specific sectors were responsible for dragging the index down. The transportation sector was the biggest loser, plummeting by 2.61%. It wasn't alone in its misery; non-primary consumer goods dropped by 1.99%, while the raw materials sector fell by 1.77%. Other sectors also felt the heat, with infrastructure dipping 1.67% and energy stocks sliding 1.21%.
The Major Laggards: From Mining to Logistics
Several heavyweight stocks acted as the primary anchors for the IHSG today. Notable names like NCKL, MDKA, and EXCL were among the biggest contributors to the index's decline. However, the most dramatic individual losses were seen in the transportation and logistics space. PT Pelayaran Nasional Ekalya Purnamasari Tbk (ELPI) saw its share price crater by 11.1%, while PT Grahaprima Suksesmandiri Tbk (GTRA) followed suit with a 6.67% drop. Even established players like PT Adi Sarana Armada Tbk (ASSA) weren't immune, recording a 3.71% decline. As the market heads into the second session, investors will be keeping a close eye on whether these sectors can find a support level or if the downward trend will continue.