IHSG Slumps 2.65% to Start the Week: Monday's Closing Market Recap
Karisma
from Orbitcore Editorial
Monday trading sessions are often a bellwether for the week ahead, and for the Indonesia Composite Index (IHSG), this Monday was undoubtedly a challenging one. The index took a significant hit, sliding deep into the red zone as selling pressure intensified throughout the day. By the closing bell on Monday, March 2, 2026, the IHSG settled at 8,016.833, marking a sharp decline of 218.652 basis points or approximately 2.65 percent.
The trading range told a story of a steady decline. After opening at its daily high of 8,235, the index failed to maintain any upward momentum. It eventually touched its lowest point of the day at exactly where it closed—8,016. This downward trajectory suggests a lack of buying support to counter the aggressive profit-taking or negative sentiment that permeated the floor throughout the session.
A Sea of Red Across Industrial Sectors
Looking at the sectoral performance, the market map was almost entirely painted red. The IDXCYCLIC (Consumer Cyclicals) sector bore the heaviest brunt of the sell-off, plummeting by a staggering 7.60%. Not far behind was IDXINDUST (Industrials), which shed 5.95%, and IDXPROPERT (Property), which retreated by 4.14%.
Other sectors also struggled to find stable footing. IDXNONCYC fell 3.58%, IDXTECHNO (Technology) dropped 3.77%, and even the heavy-hitting IDXFINANCE (Finance) couldn't escape the trend, closing down 2.67%. Infrastructure and Transportation were not spared either, losing 4.13% and 2.74% respectively. Even the healthcare sector (IDXHEALTH) saw a dip of 2.16%.
However, there was one notable outlier in this bearish landscape. The IDXENERGY sector managed to defy the broader market trend, posting a gain of 1.54%. This suggests that while the general market was under significant pressure, energy stocks provided a small refuge for investors looking for growth.
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The High Flyers and the Hard Hitters
Despite the gloomy index performance, a few individual stocks managed to post spectacular gains. OILS led the pack of top gainers, surging 34.69% to reach level 264. It was joined by ENRG, which jumped 25.00% to 2,200, and RUIS, which also locked in a 25.00% gain to end at 310. Other top gainers included APEX, which climbed 24.03%, and BBSI, which rose by 790 points or 18.76% to level 5,000, proving that selective stock picking still yielded results for some.
On the flip side, several stocks hit the floor hard. POLI, TRUE, and DPUM all faced a maximum correction of 15.00%, ending at 1,275, 187, and 204 respectively. BUVA and ROCK also suffered heavy losses, dropping 14.98% and 14.97% to round out the list of the day's top losers. These sharp declines reflect the intense volatility and negative momentum that gripped the market today.
Broad Market Sentiment and Blue Chips
The bearish sentiment wasn't limited to the main index; blue-chip indices also mirrored the IHSG's performance. The LQ45 index, representing the most liquid and reputable stocks, fell 2.62% to 812.493. Similarly, the Jakarta Islamic Index (JII) dipped 2.13%, closing at 542.978.
Institutional-heavy indices followed suit, with IDX30 losing 2.46% to reach 428.996 and IDX80 declining by 2.25% to level 125.970. This synchronized drop across all major indices highlights a broader market de-risking move by investors as they navigate the current economic landscape at the beginning of March.