Daily Market Performance 🚀
 IHSG |
 Foreign Flow |
 Kurs USD/IDR |
 Gold |
| 7.577,1 -4,57% | -Rp117,9 billion | 16.885 +0,17% | 5.192 +1,33% |
 Oil |
 Coal |
 CPO |
 Nickel |
| 84,0 +3,19% | 134,0 -0,74% | 4.180 -0,14% | 17.120 -0,23% |
👋 Stockbitor!
The Indonesian stock market experienced a significant downturn on Wednesday, March 4, 2026, briefly falling as much as 5.6% during intraday trading before closing at 7,577.1, a decline of 4.6%. Only 54 out of 910 stocks finished the day in positive territory, with Telkom Indonesia ($TLKM) , Amman Mineral Internasional ($AMMN), and Bumi Resources Minerals contributing the most to the index’s decline in terms of market capitalization. The IHSG’s weakness mirrored broader losses across Asian markets amid growing concerns about escalating geopolitical tensions in the Middle East.
Escalating tensions in the Middle East are contributing to a broad market sell-off across Asia, with the Korean Kospi index plunging 12% and a 20-minute trading halt triggered by forced selling of AI-related stocks. The Thai SET index fell as much as 8.6% and also paused trading, reflecting its reliance on oil imports, while the Nikkei 225 in Japan and the Hang Seng in Hong Kong also saw declines due to outflows from semiconductor stocks.
The Indonesian rupiah also weakened against the U.S. Dollar, falling approximately 0.17% to 16,885 on Wednesday, while yields on 10-year government bonds rose 6.9 basis points to 6.61%. Net foreign outflows from the Indonesian stock market totaled Rp117.9 billion on the day.
Late in the trading day, Fitch announced a revision of Indonesia’s sovereign credit outlook from ‘stable’ to ‘negative’, confirming rumors that had circulated earlier in the session. This move follows a similar revision by Moody’s in early February 2026. S&P Global also warned in February 2026 of potential risks to Indonesia’s credit profile due to increasing fiscal pressures, though it has not yet revised its outlook or rating.
Key Takeaway
In the near term, a de-escalation of tensions will be a key factor in reversing global sentiment and should be closely monitored by investors. Over the longer term, a prolonged conflict could keep oil prices elevated and put pressure on Indonesia’s fiscal situation – unless offset by higher prices for coal and palm oil, Indonesia’s main export commodities – given the country’s status as a net oil importer. Finance Minister Purbaya Yudhi Sadewa stated that the government is prepared to adjust the budget – including potentially cutting funding for the Free Nutritious Food program – to keep the fiscal deficit below 3% of GDP amid rising oil prices and geopolitical risks.
🎯 MEDC: Guidance for Record Production in 2026
- $MEDC: Medco Energi Internasional’s investor relations team said in a closed-door meeting with Stockbit that the company’s total oil and gas production for 2025 is expected to increase by 2.7% year-over-year to 156 MBOEPD (vs. 2024: 152 MBOEPD), in line with 2025 guidance in the range of 155–160 MBOEPD, driven by new projects in the B Natuna Block and increased operating ownership in the Corridor Block to 70%. Oil and gas production is expected to peak at 178 MBOEPD in the fourth quarter of 2025, with an average of 176 MBOEPD for the quarter. Proved reserves (2P reserves) also increased by 14.4% year-over-year in 2025 to 564 MMBOE (vs. 2024: 493 MMBOE), with a reserve life of 11.4 years (vs. 2024: 10.4 years). Management also provided guidance for production growth of approximately 6.5% year-over-year in 2026, with a range of 165–170 MBOEPD (vs. 2025: 155–160 MBOEPD), representing an all-time high production level for MEDC.
- $ITMG: Indo Tambangraya Megah management said during an earnings call on Wednesday, March 4, that the company is targeting coal sales volume of 6.8 million tons in the first quarter of 2026 (0% quarter-over-quarter, +15% year-over-year). Of this total target, 45% is fixed, 54% is indexed, and 1% remains unsold. The company is also targeting coal production of 5.1 million tons in the first quarter of 2026 (-12% quarter-over-quarter, -4% year-over-year), with an estimated stripping ratio of 10.1x (vs. 4Q25: 9.3x, 1Q25: 8.8x) due to exploration activities in new areas.
- $BNBR: Bank Negara Indonesia announced an update to its share buyback plan, previously announced on January 29, 2026, reducing the allocated funds from Rp1.5 trillion to approximately Rp905.5 billion. This revised maximum buyback value has been approved by the Financial Services Authority (OJK). The plan will be discussed at an Extraordinary General Meeting of Shareholders on March 9, 2026. The buyback period is scheduled to run from March 9, 2026, to March 8, 2027.
- $WIFI: Solusi Sinergi Digital plans to repurpose funds from its 2025 rights issue, where Rp5.89 trillion in funds previously allocated primarily to a capital injection into PT Integrasi Jaringan Ekosistem for the construction of a fiber-to-the-home (FTTH) network will now be directed to a capital injection into PT Telemedia Komunikasi Pratama for a fixed wireless access (FWA) project. This plan will be discussed at an Extraordinary General Meeting of Shareholders on April 8, 2026. The change in strategy is intended to accelerate the expansion of broadband services through a fixed wireless access model, which has a faster implementation time than massive fiber network construction.
- $LPPF: Matahari Department Store proposed the distribution of a dividend of Rp250 per share for the 2025 fiscal year, according to the company’s public exposure materials. This represents a dividend yield of 13.6% based on LPPF’s share price as of Wednesday, March 4.
- $SCMA: Surya Citra Media’s President Commissioner, Adi Wardhana Sariaatmadja, purchased approximately 241.8 million shares of SCMA at an average price of Rp276 per share, or a total value of approximately Rp66.7 million on February 26, 2026. Following this transaction, Adi Wardhana Sariaatmadja’s direct ownership stake in SCMA increased from approximately 0% to 0.33%.
- $IRSX: Folago Global Nusantara’s controlling shareholder, PT Matra Tri Abadi, purchased approximately 31.2 million shares of IRSX at an average price of Rp540 per share, or a total value of approximately Rp16.9 million on March 3, 2026. Following this transaction, PT Matra Tri Abadi’s direct ownership stake in IRSX increased from 63.44% to 63.95%.
- $BNBR: Port Fraser International Ltd., a shareholder of Bakrie & Brothers, sold 2.95 billion shares of BNBR at a price of Rp147 per share, or a total value of approximately Rp434 million on February 26, 2026. Following this transaction, Port Fraser International’s direct ownership stake in BNBR decreased from 26.01% to 24.31%.
Top Gainer 🔥
 $ENRG |
 Michael Brown - Business EditorBio: Michael Brown is the Business Editor at Headlinez.News, specializing in financial markets, economic policy, and corporate developments. A seasoned business journalist with more than 14 years in the field, Michael has covered Wall Street, global trade, and the evolving tech-economy interface. His data-driven approach and accessible analysis help readers understand complex economic issues with clarity and depth. Expertise: Financial markets, economic poli You may also likeAbout UsHeadlinez News is an independent digital newsroom delivering accurate, timely, and trustworthy reporting across the U.S. and worldwide. Our mission is to keep readers informed with verified facts, expert analysis, and credible journalism that puts truth first. Ads@2025 – Hosted by ByoHosting – Most Recommendeed Webhhosting. For complains, abuse, advertising contact: [email protected] This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More |