Jakarta \u2014 The Indonesian Composite Index (IHSG) rebounded during\ntrading on Tuesday, 10 March 2026, following a sharp decline the\nprevious day. The IHSG initially surged 2.2% and nearly touched 7,500 at\nthe opening of trading, but gains were trimmed to 0.71% or up 52 points,\nclosing at 7,389.51 at the end of the morning session.<\/p>\n
A total of 443 stocks advanced, 227 declined, and 145 remained\nunchanged. Transaction value reached Rp 10.62 trillion, involving 22.30\nbillion shares across 1.25 million transactions. Market capitalisation\nrose to Rp 13.256 trillion.<\/p>\n
Nearly all trading sectors strengthened, with raw materials and\nconsumer staples recording the largest gains, whilst only the\ninfrastructure and technology sectors weakened on the day. Key movers\ndriving IHSG performance included ASII, BRMS, BBCA, MBMA and DSSA.<\/p>\n
The IHSG had previously fallen sharply on Monday, 9 March 2026,\nbriefly touching a low of minus 5.2% at 7,156 before trimming losses to\nminus 3.27% or down 248 points, closing at 7,337.37.<\/p>\n
Analyst Lukman Leong from Doo Financial Futures stated that the\ndomestic capital market weakness remained influenced by global\ngeopolitical sentiment resulting from major disruptions to oil\nproduction and supply from the Strait of Hormuz.<\/p>\n
Head of Research at MNC Sekuritas Retail, Herditya Wicaksana,\nconcurred, stating that the IHSG correction aligned with movements in\nglobal and regional Asian exchanges that had also corrected. \u201cWe\nanticipate that with the escalation of conflict in the Middle East and\nthe impact of the Strait of Hormuz closure, sentiment will remain\npressured,\u201d he said.<\/p>\n
Crude oil prices fell during Monday\u2019s trading after US President\nDonald Trump stated he was considering taking control of the Strait of\nHormuz, the world\u2019s most critical narrow passage for crude oil\ntrade.<\/p>\n
US crude (WTI) closed at US$94.77 per barrel, up 4.3%, whilst Brent\ncrude closed at US$98.96, surging 6.8%. Despite the gains, closing\nprices were significantly lower than intraday levels where WTI briefly\ntouched US$119 per barrel.<\/p>\n
Trump told CBS News in a phone conversation that ships had already\nbegun moving through the Strait of Hormuz again. The US President also\nstated he was considering taking control of the strait and indicated\nthat war would likely end soon. Additionally, Trump is considering\nreducing oil sanctions against Russia to help lower crude oil\nprices.<\/p>\n
According to Matt Smith, oil analyst at energy consulting firm Kpler,\ncurrently only a handful of commercial vessels are moving through the\nStrait of Hormuz.<\/p>\n
Meanwhile, the global Brent benchmark had previously surged 6.76% and\nclosed at US$98.96 per barrel after reaching US$119.50 during the same\ntrading session. This marks the first time oil prices have breached the\nUS$100 per barrel mark since Russia\u2019s invasion of Ukraine in 2022.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/ihsg-trims-losses-strengthens-0-71-to-7-389-level-1773125764", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }