Breaking: IHSG Strengthens Again, Opens Up 0.52%
Jakarta, CNBC Indonesia — The Composite Stock Price Index (IHSG) returned to positive territory this morning, Thursday (16 April 2026). The index opened up 39.75 points or 0.52% to the level of 7,663.34.
A total of 340 stocks rose, 55 fell, and 564 were unchanged. The total transaction value reached Rp 209.2 billion, involving 389.8 million shares in 39,220 transactions. Market capitalisation also rose to Rp 13,651 trillion.
Meanwhile, the geopolitical situation received a fresh boost. The Trump administration expressed optimism on Wednesday regarding the chances of reaching an agreement to end the war with Iran, while warning of increasing economic pressure on Tehran if it remains stubborn.
Trump stated that the war he launched alongside Israel since late February is nearly over, although the shipping blockade he announced is beginning to take effect and traffic through the Strait of Hormuz remains far below normal levels.
The United States warned that it could add secondary sanctions against buyers of Iranian oil as an effort to strengthen its bargaining position ahead of further negotiations, just a few weeks after Washington eased enforcement of some energy sanctions against Iran.
US and Iranian officials are considering returning to Pakistan for follow-up talks as soon as this weekend, after negotiations on Sunday ended without a breakthrough. Pakistan’s military chief arrived in Tehran on Wednesday to try to prevent the conflict from reigniting.
Pakistan’s military confirmed that Field Marshal Asim Munir has arrived in Tehran. A senior Iranian source told Reuters that Munir, who mediated the last round of talks, will seek to “narrow the differences” between the two sides. Foreign Minister Abbas Araqchi wrote on X welcoming Munir and stating that Iran is committed to “promoting peace and stability in the region.”
Last weekend’s talks ended without an agreement to end the war, which Trump initiated with Israel on 28 February, triggering Iranian attacks on Gulf countries and reigniting the conflict between Israel and Iran-backed Hezbollah in Lebanon.
In other developments, in the April 2026 World Economic Outlook, the IMF revised down its global economic growth projection to 3.1% for 2026 and 3.2% for 2027. This figure represents the weakest growth rate in the last two decades. The IMF also outlined a worst-case scenario if the Middle East conflict escalates and damages energy infrastructure.
In that heavy scenario, global growth is projected to plummet to 2%, with global inflation surging above 6% in 2027.
Amid the shadow of global pessimism, Indonesia’s economy is assessed to have solid resilience. The IMF projects Indonesia to achieve 5% economic growth in 2026, higher than China’s projection of 4.4% and the Philippines’ 4.1%, though still below India’s projected 6.5%. Domestic inflation is also expected to be controlled around 3% for this year.
The IMF cut its economic growth projection for Indonesia to 5.0% in 2026, from 5.1% in the previous projection.
International confidence in Indonesia is growing stronger. During a meeting on the sidelines of the IMF Spring Meetings, IMF Managing Director Kristalina Georgieva described Indonesia as a “bright spot” amid the global economy.
This accolade is based on the government’s consistency in keeping the fiscal deficit below 3% of GDP, as well as Bank Indonesia’s adaptive policy mix in maintaining exchange rate stability and macroeconomic liquidity.