The Jakarta Composite Index (JCI) closed sharply lower on Friday (13/3/2026), dropping 224.9 points (3.05%) to the 7,137.2 level. Despite the broader market slump, several stocks—notably PSDN and TIFA—bucked the trend with significant gains ranging from 15% to 34%.
The total transaction value reached Rp 13.6 trillion, involving 26.8 billion shares traded across 1.57 million transactions. Market breadth was overwhelmingly negative, with 656 stocks declining, 113 advancing, and 189 remaining unchanged.
All sectoral indices ended in the red. The basic materials and transportation sectors saw the steepest declines, both falling 3.87%. These were followed by infrastructure (-3.64%), consumer staples (-3.55%), industrials (-3.46%), and technology (-3.41%).
Market pressure stemmed from global sentiment as surging crude oil prices, fueled by escalating Middle East conflicts, ignited inflation fears and drove a shift away from risky assets. Pilarmas analysts noted that these geopolitical tensions might prompt major central banks, including the Fed, to maintain a hawkish monetary stance. Domestically, high oil prices pose a threat to the national economy as they risk exceeding state budget assumptions, potentially bloating government energy subsidies.