A total of 211 stocks rose, 350 stocks fell, and 213 stocks remained unchanged. Only one sectoral index remained in the green zone: the transportation sector, which rose by 0.67 percent.

Meanwhile, the other 10 sectoral indices entered the red zone. The sectoral index with the deepest decline was the non-primary consumer goods sector, which fell by 1.62 percent. The financial sector decreased by 1.54 percent and the health sector also dropped by 1.54 percent.

The total trading volume of shares on the stock exchange today reached 15.03 billion shares, with a total value of Rp 11.69 trillion (US$730.56 million).

The LQ45 index, which tracks the top 45 stocks by market capitalization, also experienced a negative trend, rising by 1.87 percent to reach 891.58.

The top gainers in Tuesday's LQ45 index were PT Unilever Indonesia (UNVR) with a gain of 7.78 percent, PT Barito Pacific (BRPT) with a gain of 5.42 percent and Saratoga Investama Sedaya (SRTG) with a gain of 1.97 percent.

On the other hand, the top losers in the LQ45 index were PT Bukit Asam (PTBA) with a decrease of 12.29 percent, PT Ace Hardware Indonesia (ACES) with a decrease of 5.88 percent and PT Aneka Tambang (ANTM) with a decrease of 5.44 percent.

The IHSG declined because this week's trading session is relatively short, lasting only three days until Wednesday. The Buddhist holiday of Waisak falls on Thursday and Friday has been declared a joint day off, creating a long weekend.

This led investors to be less enthusiastic about pursuing stocks and more inclined to engage in profit-taking activities.

The correction in the IHSG occurred as investors tended to wait and see ahead of the Bank Indonesia interest rate decision, which will be announced on Wednesday.

BI is holding its board of governors’ meeting on Tuesday and Wednesday. The meeting is closely watched by market participants, particularly the decision on the benchmark interest rate.

On the other hand, officials from the United States Federal Reserve commented on inflation and interest rates on Monday.

They were not ready to determine that inflation was heading toward the Fed's 2 percent target after last week's data showed easing consumer price pressures in April, and some called for continued policy caution on Monday.

The research team at Pilarmas Investindo Sekuritas said that the IDX and other Asian markets weakened today because investors are waiting for the Fed minutes on monetary policy and interest rates, which will be released on Wednesday.

As a result, the many are cautious about investing in financial markets and risky assets.

"This uncertainty stems from the Fed's unpredictable behavior, as they often hint at cutting interest rates without providing clear guidance," said Pilarmas Sekuritas.