9 hours ago
12
March 18, 2025 | 04:57 pm
TEMPO.CO, Jakarta - Chairperson of the Indonesia Stock Exchange (IDX), Iman Rachman, has explained that the sharp decline in the Composite Stock Price Index (IHSG) was attributed to both internal and external factors. While acknowledging the substantial drop in the IHSG as unusual, he urged the market to consider the broader context.
"There are several global factors contributing, including global economic uncertainty. Currently, many investors are still in a 'wait and see' mode," said Iman during a press conference held at the IDX Building in South Jakarta on Tuesday, March 18, 2025.
He did not deny that domestic factors also played a role in the significant decrease in the IHSG. However, Iman refrained from specifically detailing whether the decline stemmed from government policies, such as the directive for state-owned banks to finance 3 million housing units or other related initiatives.
He emphasized that the fundamental performance of companies listed on the IDX remains robust. Reviewing the 2024 financial reports, he noted that the majority of companies showed improvements compared to 2023.
"So, what is happening now is more about the sentiments and investors' perceptions of the Indonesian macroeconomic conditions," he clarified.
On Tuesday, March 18, 2025, Indonesian stocks experienced substantial selling pressure, reaching the 5 percent lower limit. This triggered a temporary trading halt at 11:19:31 Jakarta Automated Trading System (JATS) time.
The IDX Corporate Secretary, Kautsar Primadi Nurahmad, explained that the temporary trading halt was implemented in accordance with the Board of Directors' Decision Letter of BEI No. Kep-00024/BEI/03-2020, which outlines the mechanism for managing trading continuity during emergency situations at the Exchange.
As per BEI's policy, the trading system was reopened after a 30-minute interval, at 11:49:31 JATS time, without altering the established trading schedule. This measure was taken to provide market participants with time to assess the prevailing conditions and ensure trading stability.
As of this report, the specific primary catalyst for the selling pressure that weakened the IHSG remains undisclosed.
Editor's Choice: Economist Links IHSG Plummet to TNI Bill Revision
Click here to get the latest news updates from Tempo on Google News
IHSG Faces Trading Halt Today: First Time Since Covid-19 Crisis
21 menit lalu
IDX implemented a 30-minute IHSG trading halt after the index fell more than 5 percent, before closing at 6,076, down 6.11%.
Economist Links IHSG Plummet to TNI Bill Revision
2 jam lalu
Economist Celios Nailul Huda mentioned that the TNI Bill revision triggers the plummeting IHSG.
Analysts Reveal Causes of Investors' Panic Selling as IHSG Plummets Sharply
2 jam lalu
If the foreign investor's panic selling continues, Audi warns that the IHSG has the potential to break the psychological level of 6,000.
IDX Temporarily Halts Trading as IHSG Plummets 5 Percent
3 jam lalu
A temporary trading halt has occurred at the Indonesia Stock Exchange (IDX) at 11:19:31 JATS, triggered by a 5 percent decline in the IHSG.
IHSG Plummets as All Sectoral Indices Weaken in First Trading Session
3 jam lalu
Aside from technology stocks, IHSG also faced pressure from the decline of several other stocks, including big cap duo Prajogo Pangestu's BREN and TPIA
IDX Reports Rp246.1tn Securities Transactions, Launches Repo Trading on SPPA
6 hari lalu
IDX noted that the total value of securities transactions on SPPA reached Rp246.1 trillion, while the Interdealer Domestic Market Share stood at 16%.
Ring the Bell for Gender Equality 2025: Promoting Gender Equality in the Workplace
10 hari lalu
The 6th annual "Ring the Bell for Gender Equality" (RTBFGE) event in Indonesia is held to commemorate International Women's Day.
OJK Reports 104% Surge in Crypto Transactions
11 hari lalu
The latest data from OJK recorded the value of crypto asset transactions reaching Rp 44.07 trillion in January 2025, increasing by 104.31 percent compared to January 2024
Indonesia's Textile Giant Sritex in Talks with Investors to Lease Assets Following Bankruptcy
14 hari lalu
Sritex was declared bankrupt at the end of last year as it struggled to service its debts.
Indonesia to Offer Energy Projects Worth $40 Billion in 2025, Minister Says
14 hari lalu
The Energy Minister said Indonesia seeks to boost coal gasification projects using funding from its newly launched sovereign wealth fund Danantara.
