JAKARTA — The Composite Stock Price Index (IHSG) faced intense selling pressure during the first trading session on Wednesday (June 3, 2026), falling below the crucial 6,000 mark. As of 11:09 AM Western Indonesian Time, the index had plunged 4.13% to reach 5,939.27.
The market sentiment remained bearish throughout the morning, with the vast majority of stocks trading in the red. This decline signals a deepening downturn across the board, as heavy selling pressure dominates investor activity.
Phintraco Sekuritas Equity Research Analyst Alrich Paskalis Tambolang noted that the breach of the 6,000 support level serves as a clear indicator of a persistent bearish trend. “Falling below the 6,000 psychological support level points to a bearish continuation. If the IHSG fails to recover and closes below this mark, we expect further potential decline toward the 5,900 to 5,750 range,” Alrich explained in his research note.
He further emphasized that the 6,000 level has transitioned into a critical pivot point for the index’s movement, while the nearest resistance level is now positioned at 6,200.
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The downturn is not limited to the broader index; leading blue-chip stocks within the LQ45 index are also facing significant pressure. Several high-capitalization companies, particularly those in the banking and energy sectors, have experienced substantial corrections.
This negative performance stands in stark contrast to the trend seen across other Asian markets, which have largely posted gains. As a result, the IHSG currently ranks as one of the worst-performing indices among emerging Asian markets during Wednesday’s trading session.
Summary
The Jakarta Composite Index (IHSG) experienced a significant decline on Wednesday, falling 4.13% to 5,939.27 and dropping below the critical 6,000 support level. This bearish trend is characterized by widespread selling pressure across major sectors, including banking and energy, resulting in the index becoming the worst performer in the Asian market. Analysts warn that failing to reclaim this psychological threshold could lead to further losses, with potential downside targets ranging from 5,900 to 5,750.
Market sentiment remains predominantly negative, with blue-chip stocks in the LQ45 index suffering notable corrections. While other regional indices in Asia have largely posted gains, the IHSG’s poor performance marks a sharp divergence from the broader trend. Investors are now watching the 6,000 mark as a critical pivot point, with the nearest resistance level currently established at 6,200.