Indonesian Stock Market Recovers After Profit-Taking Pressure

Market Volatility on Monday

The Indonesian Composite Index (IHSG) faced significant pressure on Monday, experiencing an intraday drop of 2.37% to 8,715.41 around 14:34 WIB due to intense profit-taking activity, particularly in energy stocks ¹

. Despite this sharp decline, the index managed to recover somewhat, ultimately closing at 8,884.72, representing a 0.58% decrease from the previous day.

Trading Activity on Monday

The trading session on Monday saw substantial activity, with a total volume of 74.40 billion shares traded, valued at Rp 40.10 trillion. The frequency of stock transactions reached 5,072,603 times throughout the day, indicating active market participation despite the overall negative sentiment.

Market Recovery on Tuesday

In a positive turn of events, the IHSG rebounded on Tuesday morning, trading in the 8,900 range and rising 0.42% to 8,921.61 by 09:10 WIB ²

. The index opened at 8,931.42, reaching a high of 8,953.28 and a low of 8,912.43 during early trading. As of the same time, 357 stocks were gaining, while 173 were declining, and 160 remained stagnant.

Market Outlook

The recovery on Tuesday suggests that investor sentiment may be stabilizing after the previous day's profit-taking. The energy sector, which faced significant selling pressure on Monday, will likely be monitored closely by market participants in the coming sessions.