The Indonesia Stock Exchange Index (IHSG) fell to the range of 7,300 (Monday, March 9, 2026)

The Indonesia Composite Stock Price Index (IHSG) fell 3.27% to 7,337.37 at the close of trading on Monday (9/3/2026).

According to CSA Institute Executive Director David Sutyanto, the IHSG's decline was influenced by two factors.

First, from a global perspective, the escalation of conflicts in the Middle East pushed the market into risk-off mode and triggered a surge in global oil prices. David assessed that this situation made global investors tend to reduce stock investments in developing countries.

Second, domestically, the IHSG was overshadowed by market participants' concerns about Indonesia's status as a net oil importer, which was seen as potentially adding to fiscal burdens and weakening the rupiah.

"In such a situation, the market also sees pressure on the rupiah, which is weakening, so inflation risks and fiscal pressures are becoming investors' concerns," said David, as reported by Katadata.co.id (9/3/2026).

Based on the IDX-IC Sectoral Index, all or 11 domestic stock sectors corrected today. The transportation sector fell the most by 5.22%, followed by the commodities sector and the property sector, which each fell 4.59% and 4.57%.

According to RTI Business data, the frequency of domestic stock trading today was 2.47 million transactions, with a total of 46.80 billion shares changing hands, and a transaction value of Rp23.88 trillion.

A total of 708 stocks closed lower today, while 68 stocks rose and 41 remained stagnant.

The top losers today were RONY, ENZO, and PPRI, which all corrected by 15%. On the other hand, the top gainer was RANC, which rose 24.53%, followed by SHID, which rose 24.50%, and OILS, which rose 17.76%.

In line with the IHSG, all Asian stock markets closed in the red today. The Nikkei Index fell 5.20% to 52,728.72; the Hang Seng Index fell 1.35% to 25,408.46; the Shanghai Index fell 0.67% to 4,096,60; and the Strat Times Index fell 1.89% to 4,756.61.