Penyebab IHSG rontok hari ini, hasil tanya AI
The Indonesian stock market dropped on March 18, 2025, due to a combination of economic, political, and market-related factors:
Economic Factors
- **Weakening Economy**: There are growing concerns about the weakening Indonesian economy. The country reported a rare budget deficit early in the year, with state revenues dropping more than 20% year-on-year. This has led to worries about the country's growth prospects.
- **Consumer Spending**: Softening consumer spending is another major concern. Consumer confidence dipped for a second consecutive month in February, reflecting concerns over job losses and income instability. This trend undermines the country's macroeconomic outlook.
- **Currency Depreciation**: The Indonesian rupiah weakened 0.3% against the dollar on March 18, 2025. The currency has been the worst performer in Asia this year, adding to the economic uncertainty.
Political Factors
- **Policy Uncertainty**: President Prabowo Subianto's directives to reallocate funds toward his priority projects have created uncertainty. There are also rumors of a Cabinet reshuffle, potentially replacing Finance Minister Sri Mulyani Indrawati, although these have been denied.
- **Sovereign Wealth Fund**: The newly established sovereign wealth fund, Danantara, has caused some unease. It announced plans to take control of seven state-owned enterprises, including three of Indonesia's largest banks. This move has raised questions about its impact on state-owned banks.
Market-Related Factors
- **Investor Exodus**: A stronger US dollar and escalating trade tensions have led to an investor exodus. Foreign funds have pulled about $1.65 billion of local shares on a net basis so far in 2025. This has left the market with weak sentiment and no fresh inflows to support it.
- **Forced Liquidations**: The market rout on March 18, 2025, was linked to position unwinding and forced liquidations, especially by margin traders. This has further exacerbated the market downturn.
- **Market Sentiment**: The negative sentiment is being fueled by the decline of the middle class, which has historically been a key driver of Indonesia's economic growth. This has left investors on edge and cast a shadow over the country's economic prospects and stock valuations.
Sy sudah swicth porto dari bbrp wkt lalu ke saham2 murah dengan div yield tinggi. Turun juga, tapi nggak semengerikan IHSG.
Semoga kekelaman ini segera berakhir
$IHSG $ASII $MLBI