Cabinet Reshuffle Weighs on Indonesian Stock Market, IHSG Closes Down 1.78% (Tuesday, September 9, 2025)
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The Jakarta Composite Index (IHSG) fell 1.78% to 7,628.60 at the close of trading on Tuesday (September 9, 2025). The weakening occurred as market players adopted a wait-and-see attitude regarding the policy direction of newly appointed Finance Minister Purbaya Yudhi Sadewa, who was inaugurated on Monday.
"Market players are awaiting Finance Minister Purbaya Yudhi Sadewa's steps regarding the direction of high-quality fiscal policy, so that policies are implemented consistently and the quality of synergy in communication with monetary authorities is maintained, thus preserving market confidence," wrote the Pilarmas Investindo Sekuritas Research Team in its analysis, as reported by Antara on Tuesday (September 9, 2025).
Based on the IDX-IC Sectoral Index, seven domestic stock sectors were corrected today. The technology sector fell the most, by 1.86%, followed by the finance and infrastructure sectors, which corrected by 1.73% and 1.36%, respectively.
Meanwhile, four stock sectors strengthened. The transportation sector led with a 0.72% increase, followed by the non-primary consumer goods and industrial sectors, which rose by 0.68% and 0.11%, respectively.
According to RTI Business data, the frequency of stock trading on the domestic exchange today was 2.36 million transactions.
A total of 39.66 billion shares changed hands, with a total transaction value of Rp 24.85 trillion.
465 stocks closed lower today, 222 stocks rose, and 118 stocks were stagnant.
The issuer with the code WOWS was today's top loser, after correcting by 14.29%, followed by MSKY and DEPO, which fell by 12.96% and 12.90%, respectively.
Meanwhile, today's top gainer was DOSS, which soared 34.78%, followed by KDTN and LION, which rose by 34.19% and 25%, respectively.
In line with the IHSG, most Asian markets weakened this afternoon. The Nikkei Index fell 0.42% to 43,459.29; the Shanghai Index fell 0.51% to 3,807.29; the Strait Times Index fell 0.25% to 4,297.57; while the Hang Seng Index rose 1.19% to 25,938.13.
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