The Composite Stock Price Index (IHSG) closed lower at 7,594.11 on Monday (April 20, 2026). The decline was driven by corrections in several large-cap stocks, including UNVR, TPIA, and PANI. According to data from the Indonesia Stock Exchange (BEI), the IHSG fell by 0.52% or 39.89 points to 7,594.11. The index opened at 7,663.39 and reached an intraday high of 7,692.14. Overall, 247 stocks advanced, 424 declined, and 148 remained unchanged. Market capitalization stood at Rp13,559 trillion.

Among large-cap stocks, PT Bank Central Asia Tbk. (BBCA) still posted a gain of 0.78% to Rp6,475. Meanwhile, PT Dian Swastatika Sentosa Tbk. (DSSA) rose 0.62% to Rp3,270, and PT Bank Rakyat Indonesia (Persero) Tbk. (BBRI) increased 0.29% to Rp3,440.

On the downside, PT Unilever Indonesia Tbk. (UNVR) dropped 2.41% to Rp1,820, while PT Chandra Asri Pacific Tbk. (TPIA) declined 2.02% to Rp6,075 per share. PT Pantai Indah Kapuk Dua Tbk. (PANI) also weighed on the index, falling 1.96% to Rp8,750, and PT Bank Negara Indonesia (Persero) Tbk. (BBNI) slipped 1.08% to Rp3,670.

In terms of top gainers, PT Danasupra Erapacific Tbk. (DEFI) led with a surge of 34.97% to Rp220, followed by PT LCK Global Kedaton Tbk. (LCKM), which climbed 34.88% to Rp116 per share. Conversely, the biggest losers were PT Idea Indonesia Akademi Tbk. (IDEA), which fell 9.38% to Rp87, and PT Ketrosden Triasmitra Tbk. (KETR), which declined 8.11% to Rp510 per share.

Phintraco Sekuritas Head of Research Valdy Kurniawan noted that the IHSG had already weakened by 0.16% to 7,621.58 during the first trading session. He explained that the decline was influenced by rising global uncertainty following Iran’s renewed closure of the Strait of Hormuz, which pushed oil prices back above US$90 per barrel.

From a technical perspective, the IHSG shows a weakening tendency, indicated by a flat MACD histogram and a stochastic RSI positioned in the overbought zone. Under these conditions, the index is expected to move within the range of 7,600 to 7,700 in today’s trading session, Valdy stated in his daily report.

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