Editor’s Note
- IHSG Investors Remain Calm
- Fundamental Stocks Rise
- IHSG in the Red Zone
IHSG Investors Remain Calm
The Japan Financial Services Authority (OJK) today, Monday, February 2, 2026, noted pressure on the Jakarta Composite Index (IHSG) due to rebalancing of investment portfolios.
Regional markets also declined as gold prices fell. The Korean Kospi fell by 5.26%, the Japanese Nikkei by 1.25%, and the Hong Kong Hang Seng by 2.23%.
Fundamental Stocks Rise
Acting Chairman of the Supervisory Board of the Japan Financial Services Authority (OJK), Friderica Widyasari Dewi, stated that the stocks experiencing the biggest correction in the Indonesian stock market are those whose prices had already risen significantly.
“Stocks with good fundamentals are rising; investors are seeing good fundamentals rise today,” she said at the Indonesian Stock Exchange.
He assured that the Financial Services Authority (OJK) and the Indonesian Stock Exchange (IDX) will ensure fair and orderly trading. He urged investors to remain calm and not panic.
Friderica, also known as Kiki, further stated that the economic fundamentals are very good and the future outlook is positive. Therefore, investing in stocks with strong fundamentals for the long term is a wise choice.
“The OJK and the SRO are doing their job to ensure that everything is done correctly,” he said.
IHSG in the red zone
The Jakarta Composite Index (IHSG) entered the red zone today, Monday (February 2, 2026). The index closed down 4.88%, or -406.88 points, at 7,922.73.
A total of 753 stocks declined, 142 remained unchanged, and only 63 rose. The transaction value amounted to 29.12 trillion Indonesian rupees, with 48.09 billion shares traded in 2.89 million transactions. The market capitalization was 14.24 trillion Indonesian rupees.
Despite closing in the red, the IHSG managed to mitigate its correction somewhat at the end of the day. Throughout the day, the index moved within the -5% correction zone, falling by more than 6% to 7,820.23.
According to Refinitiv, all sectors were in the red. Commodities fell the most, with a decline of -11.71%. This was followed by energy (-9.21%), non-primary consumer goods (-8.64%), real estate (-8.61%), industrials (-5.5%), utilities (-5.33%), and technology (-5.08%). The remaining sectors, from consumer goods to healthcare, fell by less than 2%.
Prajogo Pangestu was the biggest loser, with four stocks among the top 10 biggest losers. In total, Barito Pacific (BRPT), Barito Renewables Energy (BREN), Chandra Asri Pacific (TPIA), and Petrindo Jaya Kreasi (CUAN) contributed -61.38 index points.***obs
