The 10 Indonesian Stocks That Plunged the Most in 2025

Amidst the rise of the Jakarta Composite Index (IHSG) of the Indonesia Stock Exchange (IDX) by 1,567.04 points or 22.13% (year-to-date/ytd) to the level of 8,646.94 throughout 2025, there were stocks that plummeted sharply.

The share price of PT Cipta Selera Murni Tbk (CSMI) was still traded at Rp3,020/share on December 30, 2024. However, at the close of December 30, 2025, CSMI shares were only valued at Rp210/share, thus plummeting 93.05% ytd. This decline in CSMI's share price was the deepest throughout 2025.

The stock that recorded the next deepest decline was PT Meratus Jasa Prima Tbk (KARW), by 82.96% ytd, followed by PT Satria Antaran Prima Tbk (SAPX) 79.6%, PT Danasupra Erapacific Tbk (DEFI) 79.52%, PT Humpuss Intermoda Transportasi Tbk (HITS) 70.7%, and PT Hillcon Tbk (HILL) 69.19%.

Following that, PT Bank of India Indonesia Tbk (BSWD) saw its share price drop 68.4% ytd. Next were PT Jakarta Setiabudi International Tbk (JSPT) 67.61% ytd, PT Harta Djaya Karya Tbk (MEJA) 60.13%, and PT Fortune Indonesia Tbk (FORU) 55.08% ytd.

Below is a list of the 10 stocks with the deepest price declines for the period December 30, 2024 – December 30, 2025:

1. PT Cipta Selera Murni Tbk (CSMI): from Rp3,020 down to Rp210/share

2. PT Meratus Jasa Prima Tbk (KARW): from Rp2,230 down to Rp380/share

3. PT Satria Antaran Prima Tbk (SAPX): from Rp1,490 down to Rp304/share

4. PT Danasupra Erapacific Tbk (DEFI): from Rp1,455 down to Rp298/share

5. PT Humpuss Intermoda Transportasi Tbk (HITS): from Rp396 down to Rp116/share

6. PT Hillcon Tbk (HILL): from Rp482 down to Rp148/share

7. PT Bank Of India Indonesia Tbk (BSWD): from Rp2,690 down to Rp850/share

8. PT Jakarta Setiabudi International Tbk (JSPT): from Rp9,725 down to Rp3,150/share

9. PT Harta Djaya Karya Tbk (MEJA): from Rp306 down to Rp122/share

10. PT Fortune Indonesia Tbk (FORU): from Rp3,740 down to Rp1,680/share.