Breaking: IHSG Jumps Over 2% Supported by Performance of These Stocks
Jakarta, CNBC Indonesia - The Composite Stock Price Index (IHSG) soared more than 2% this morning, Friday (10/4/2026). At the start of the first trading session, the index rose 2.3% to the level of 7,475, strengthening by 168 points.
This increase continued the IHSG rebound that has been ongoing for the past two days, starting when the index sharply surged during Wednesday’s trading (8/4) with a rise of more than 4%.
A total of 144 stocks declined, 418 rose, and 176 remained unchanged. The transaction value reached Rp5.43 trillion, involving 13.56 billion shares in 713,451 transactions.
Market capitalisation also climbed to Rp13,217 trillion.
Citing Refinitiv data, all trading sectors recorded gains today, with the highest increases booked by the infrastructure, energy, and basic materials sectors.
The most actively traded stocks today included BUMI, BBRI, and BBCA. Meanwhile, the newly listed stock this year, WBSA, led the gains with a 34% increase, touching its ARA. Other stocks that strengthened significantly today included MEGA, MSIN, and TPIA.
Stocks from conglomerates and large-cap blue-chip issuers were recorded as the drivers of the IHSG’s performance today.
Chandra Asri Pacific (TPIA) shares became the main engine driving the IHSG, contributing 12 index points. Shares from the Barito Group, owned by Prajogo Pangestu, collectively strengthened during today’s trading.
Other issuers that became the main drivers of the IHSG’s performance today included MORA from the Sinar Mas Group and the coal mining issuer Bayan Resources (BYAN), owned by Low Tuck Kwong.
Bank Rakyat Indonesia (BBRI) shares, which will hold an RUPST this afternoon with one agenda being dividend distribution, also contributed to driving the IHSG’s performance today.
Indonesia’s financial markets will close trading for this week today. Market participants need to consider several developing sentiments, from the war in the Middle East to important economic data.
Asia-Pacific stock markets opened mostly stronger on Friday’s trading (11/4/2026), amid a fragile two-week ceasefire between the United States and Iran that keeps market participants vigilant.
Citing CNBC, the conflict in the Middle East, which has lasted more than a month, still overshadows sentiment, especially due to the closure of the Strait of Hormuz, a vital global energy route.
Although a ceasefire has been announced, traffic in the Strait of Hormuz remains very limited. Iran stated it would reopen the route if all attacks against its country are stopped, while Israel is also reported to have approved the agreement.
US President Donald Trump previously halted attacks on Iran last Tuesday as part of efforts to de-escalate the conflict. However, he warned Iran not to impose fees on oil tankers passing through the strait.
On the other hand, Iran’s Parliament Speaker Mohammad Bagher Ghalibaf accused the United States of violating the ceasefire agreement. This accusation further adds to uncertainty in the global markets.
From the stock markets, South Korea’s Kospi index strengthened 1.68% and Kosdaq rose 1.14%. In Japan, the Nikkei 225 jumped 1.65%, while the Topix moved relatively flat.
Japanese Prime Minister Sanae Takaichi stated that her country plans to release oil reserves for 20 days starting in May. Japan is known to have oil reserves sufficient for 230 days as of 6 April.
In contrast, Australia’s S&P/ASX 200 index weakened 0.51%. Meanwhile, Hong Kong’s Hang Seng futures contract was at the 25,900 level, higher than the previous close at 25,752.40.
Global oil prices are still moving upwards, with West Texas Intermediate (WTI) strengthening 0.69% to US$98.55 per barrel. Meanwhile, Brent crude rose 0.91% to US$95.92 per barrel, after briefly breaching the US$100 per barrel level in the previous session.
In last night’s trading on Wall Street, US stock indices closed higher despite oil prices dipping from their highs. This increase reflects investor optimism towards the easing of geopolitical conflicts.
The S&P 500 index rose 0.62% to 6,824.66, while the Nasdaq Composite strengthened 0.83% to 22,822.42. The Dow Jones Industrial Average also rose 275.88 points or 0.58% to 48,185.80, marking positive performance for the year so far.