Few Positive Sentiments, IHSG Still Moves in the Red Zone
Jakarta, CNBC Indonesia - The Composite Stock Price Index (IHSG) opened flat today, Friday (24/4/2026). The index fell 0.53 points or 0.01% to the level of 7,378.07 at the start of trading.
A minute after the market opened, the index corrected more deeply to 0.22% at 7,357. The index has now been in the red zone for five consecutive days.
As many as 210 stocks rose, 119 fell, and 312 remained unchanged. The value of transactions this morning reached Rp 268.75 billion, involving 375.06 million shares in 43.687 million transactions. Market capitalisation was also pulled up to Rp 13,216 trillion.
Trading in the final session of the week is expected to still face pressure following increased geopolitical tensions in the Middle East. The surge in oil prices and the dollar index is also expected to burden the IHSG and the rupiah.
The Brent oil price soared again and closed up more than 3% at US$105.07 per barrel, the highest since 7 April 2026. Meanwhile, the dollar index jumped to 98.77, the highest since 9 April 2026.
Meanwhile, Asia-Pacific stock markets opened mixed as investors remained cautious despite the extension of the Israel-Lebanon ceasefire for three weeks, highlighting ongoing geopolitical uncertainty.
Israel and Lebanon agreed to extend their ceasefire for three weeks following a meeting at the White House with senior US officials, said President Donald Trump on Thursday.
“The meeting went very well!” said Trump in a Truth Social post announcing the temporary ceasefire extension.
The temporary ceasefire, originally scheduled to end after 10 days, will now provide additional time for diplomatic efforts, with Washington also pledging to work with Lebanon to strengthen its defences against Hezbollah.
US oil futures rose around 1.23% to about $97.03 per barrel.
Japan’s Nikkei 225 index rose 0.71% while the Topix rose 0.30% after core inflation in Japan increased for the first time in five months, rising to 1.8% in March, with the Iran war triggering energy concerns.
Government data showed the inflation figure - which excludes fresh food prices - matched the 1.8% forecast by economists surveyed by Reuters, and was higher than the 1.6% seen in February.
South Korea’s Kospi index fell 0.23%, while the Kosdaq index for small-cap stocks traded flat.
Hong Kong’s Hang Seng index futures were at 25,802, lower than the previous close of 25,915.2. In Australia, the S&P/ASX 200 fell 0.29%.
Overnight in the US, stocks experienced declines on Thursday, led by drops in software stocks and higher oil prices, as investor uncertainty about the direction of the Iran war weighed on the market.
The S&P 500 traded down 0.41% to close at 7,108.40, after previously hitting a new intraday all-time high. The Nasdaq Composite index, dominated by technology stocks, fell 0.89% to 24,438.50. This index also set a new all-time high during the trading session. The Dow Jones Industrial Average lost 179.71 points, or 0.36%, to 49,310.32.