Breaking News! IHSG Rises 1%, Majority of Stocks in the Green
Jakarta, CNBC Indonesia — The Composite Stock Price Index (IHSG) surged strongly this morning. At 09:06 WIB, the index climbed to 7,702.37, up 1.03%.
A total of 400 stocks were in the green, 155 declined, and 404 remained unchanged. Trading value was brisk at Rp1.49 trillion, involving 3.59 billion shares across 228,300 transactions.
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 mounting 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 has begun to take effect and traffic through the Strait of Hormuz remains far below normal levels.
The United States warned that it could impose additional secondary sanctions on buyers of Iranian oil as a means to strengthen its bargaining position ahead of further negotiations, just 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 had arrived in Tehran. A senior Iranian source told Reuters that Munir, who mediated the last round of talks, would 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 states and reigniting the conflict between Israel and Iran-backed Hezbollah in Lebanon.
In other developments, in the April 2026 World Economic Outlook, the IMF downgraded the global economic growth projection to 3.1% for 2026 and 3.2% for 2027. This represents the weakest growth rate in 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 deemed to have solid resilience. The IMF projects Indonesia to achieve 5% economic growth in 2026, higher than China’s 4.4% and the Philippines’ 4.1%, though still below India’s projected 6.5%. Domestic inflation is also expected to remain controlled around 3% this year.
The IMF slashed Indonesia’s economic growth projection to 5.0% for 2026, from 5.1% in the previous forecast.
International confidence in Indonesia continues to strengthen. During 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.