TEMPO.CO, Jakarta - After strengthening for two consecutive days, the Composite Stock Price Index (IHSG) experienced a correction in trading on Friday, March 21, 2025. IHSG closed in the first session at 6,284.4 points or a decrease of 0.98 percent, triggered by pressure on shares of large banks and several other large-cap companies.

In the first trading session, the research team at Samuel Sekuritas reported that 132 stocks rose, while 522 declined, and 174 stocks remained stagnant. The transaction value reached Rp8.7 trillion with a trading frequency of 601,402 times and a volume of 81 million lots.

Regarding liquidity, PT Bank Central Asia Tbk (BBCA) shares were the most actively traded with a transaction frequency of 41,026 times, followed by shares of PT Bank Mandiri Tbk (BMRI) with 28,577 transactions. "Meanwhile, shares of PT GoTo Gojek Tokopedia Tbk (GOTO) became the largest in terms of trading volume with 7.5 million shares, followed by MINA with 6.5 million shares and BUMI with 3 million shares," wrote Samuel Sekuritas in its daily analysis, on Friday afternoon.

Technology was the only sector to show strength in the first session. The technology sector index (IDXTECHNO) rose by 0.9 percent. Conversely, the cyclical consumer sector (IDXCYCLIC) experienced the deepest decline, down by 3 percent, followed by the basic industry sector (IDXBASIC) which fell by 2.8 percent, and the non-cyclical consumer sector (IDXNONCYC) which weakened by 2.4 percent.

Mainstream banking stocks experienced uniform pressure, including BBCA, down 3.5%; BMRI, down 4.3%; BBRI, down 1.9%; and BBNI, down 5.3%. In addition to banking, other big-cap stocks also declined, such as AMMN (-2.4 percent), TLKM (-3.3 percent), and BREN (-3.1 percent).

On the other hand, several stocks recorded significant increases in the first session. RONY shares soared by 25 percent to Rp2,750 per share, followed by BAIK which rose by 20 percent to Rp108 per share. POLU and BINO each strengthened by 14.5 percent to Rp4,730 and Rp150 per share, while IKAN rose by 9.8 percent to Rp200 per share.

Meanwhile, the top five stocks that experienced the biggest declines are MMIX which plummeted by 13.8 percent to Rp106 per share, MSIN fell by 12.3 percent to Rp815 per share, CLEO corrected by 10.1 percent to Rp975 per share, RGAS weakened by 9.6 percent to Rp112 per share, and FAST fell by 9.2 percent to Rp1,480 per share.

The research team at Samuel Sekuritas also noted that IHSG's decline was in line with the U.S. stock market on Thursday, March 20, 2025. The Dow Jones index weakened by 0.03 percent, the S&P 500 fell by 0.22 percent, and the Nasdaq corrected by 0.22 percent. The decline was driven by concerns about global trade policy, conservative Fed forecasts, inflationary pressures, and geopolitical tensions.

The impact of the U.S. market was also felt in the Asian stock market. The Hang Seng index fell by 1.6 percent, the Shanghai Composite weakened by 0.7 percent, and the STI corrected by 0.1 percent. Meanwhile, the Kospi and Nikkei each strengthened by 0.8 percent and 0.1 percent.

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