The JCI Weakens Again, Falling Below the 8,000 Level (Tuesday, March 3, 2026)

The Jakarta Composite Stock Price Index (JCI) or IHSG fell 0.96% to 7,939.77 at the close of trading on Tuesday (3/3/2026).

The decline occurred amid market participants' concerns about the escalation of conflicts in the Middle East region.

"The fear of the impact of a prolonged war has become a negative sentiment," said Phintraco Securities Research Head Rarna Lim, as reported by Antara.

Meanwhile, the war between Iran, the United States (US), and Israel that erupted since the end of February 2026 is still ongoing.

The latest news, according to Al Jazeera, is that Iran attacked the US Embassy in Riyadh, Saudi Arabia, on Tuesday (3/3/2025).

Based on the IDX-IC Sector Index, nine stock sectors corrected today.

The commodities sector fell the most by 3.85%, followed by the transportation sector and the non-primary consumer goods sector, which each fell 2.10% and 1.05%.

Meanwhile, two other sectors strengthened, namely the industrial sector and the energy sector, which each rose 0.58% and 0.24%.

According to RTI Business data, the frequency of domestic stock trading today was 2.96 million transactions, with a total of 47.2 billion shares changing hands, and a transaction value of Rp29.89 trillion.

A total of 347 stocks closed lower today, followed by 343 stocks that strengthened, and 128 stocks stagnated.

The top loser today was RANC, which plummeted 14.89%, followed by SOTS and INDS, which each corrected by 14.88% and 14.84%.

On the other hand, the stock with the code MPOW became the top gainer after rising 34.38%, followed by RMKO, which rose 25%, and ARTA, which strengthened by 24.19%.

In line with the IHSG, the majority of stock markets in the Asian region ended the day in the red zone. The Nikkei Index fell 3.06% to 56,279.05; the Hang Seng Index fell 1.12% to 25,768.08; the Shanghai Index fell 1.43% to 4,122.68; while the Strait Times Index rose 0.53% to 4,916.65.