Shares of PT Darma Henwa Tbk (DEWA) tumbled 11.82% on May 19, 2026, following government plans to centralize strategic commodity exports under a new state entity. This proposed body aims to capture transaction margins, directly threatening the profitability of private coal exporters.

  • DEWA closed the session at IDR 388, with Bumi Resources also ranking among the hardest-hit companies.
  • Despite the sharp sell-off, foreign investors purchased IDR 60.43 billion worth of DEWA shares, signaling that some market participants view the dip as a buying opportunity.