The JCI Plummets Again to the Range of 7,500 (Wednesday, March 4, 2026)
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The Jakarta Composite Stock Exchange Index (JCI) or IHSG fell 4.57% to 7,577.06 at the close of trading on Wednesday (4/3/2026).
"The combination of escalating geopolitical tensions in the Middle East and Fitch Ratings' downgrading of Indonesia's credit outlook to negative," said Head of Research at PT Korea Investment and Securities Indonesia (KISI) Muhammad Wafi, as reported by Antara.
Global rating agency Fitch Ratings revised its outlook on Indonesia's debt rating from stable to negative.
However, Indonesia's debt rating remains at BBB, which is considered investment grade.
Based on the IDX-IC Sectoral Index, all 11 stock sectors were corrected today.
The commodities sector fell the most, by 7.42%, followed by the transportation sector and the non-primary consumer goods sector, which each fell 7.23% and 6.69%.
According to RTI Business data, there were 3.30 million domestic stock trades today, with a total of 53.62 billion shares changing hands, and a transaction value of Rp29.72 trillion.
A total of 734 stocks closed lower today, while 54 stocks rose and 33 remained unchanged.
Today's top losers were ENZO, which plummeted 15%, followed by DPUM and ICON, which each fell 14.94% and 14.91%.
On the other hand, IFSH became the top gainer after rising 25%, followed by SOTS, which rose 24.59%, and ITMA, which gained 11.91%.
In line with the IHSG, Asian stock markets ended the day in the red zone. The Nikkei Index fell 3.61% to 54,245.54; the Hang Seng Index dropped 2.01% to 25,249.48; the Shanghai Composite Index declined 0.98% to 4,082.47; and the Strait Times Index fell 2.11% to 4,812.75.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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