The IDX Composite to Weaken Ahead of Weekend, Following Global Markets

SEAToday.com, Jakarta - The Indonesia Stock Exchange (IDX) Composite Index (IHSG) opened lower on Friday morning, mirroring the decline in global stock markets.

IHSG dropped 8.26 points (0.12%) to 6,779.78, while the LQ45 Index—which tracks 45 blue-chip stocks—fell 5.88 points (0.75%) to 774.91.

However, Lotus Andalan Sekuritas analysts predict a fluctuating condition. “IHSG is expected to continue its upward movement today, extending the gains from the previous session,” they said, as quoted on Antara, in its analysis in Jakarta on Friday.

In Indonesia, Minister of Finance Sri Mulyani Indrawati announced the issuance of Housing State Securities (SBN) to support low-income households (MBR) under President Prabowo Subianto’s 3 Million Houses per Year program.

This initiative aims to enhance government support for affordable housing, modifying the existing Housing Finance Liquidity Facility (FLPP) scheme.

On Thursday (02/20), European stocks hit a one-week low as investors assessed corporate earnings and remained cautious ahead of the German elections, which could reshape the country’s political landscape.

The Pan-European STOXX 600 Index fell 0.20% (1.09 points) to 551.01, with defense stocks plunging 2.8% after a recent surge fueled by expectations of increased government borrowing for defense spending.

In the US, Wall Street faced selling pressure due to concerns over tariffs and a disappointing outlook from Walmart, dampening investor sentiment.

Currently, Dow Jones Industrial Average dropped 450.94 points (1.01%) to 44,176.65; S&P 500 declined 26.63 points (0.43%) to 6,117.52; and Nasdaq Composite fell 93.89 points (0.47%) to 19,962.36.

In the Asian Markets, Nikkei index dropped -41.30 points (0.11%) to 38,719.34; Shanghai index rose +2.02 points (0.06%) to 3,352.80; Kuala Lumpur index rose +4.35 points (0.28%) to 1,582.02; and Straits Times index dropped -0.98 points (0.02%) to 2,066.64.

Writer: Andi Raisa Malaha Thambas