IHSG Carried by Conglomerate Issuers, Rises 0.56% to 7,500 Level
Jakarta, CNBC Indonesia - The Composite Stock Price Index (IHSG) turned green after an initial plunge earlier in the day on Monday (13/4/2026). The index closed up 0.56% or 41.69 points at 7,500.19.
A total of 264 stocks declined, 397 rose, and 156 remained unchanged. The day’s trading value reached Rp 20.44 trillion, involving 42.51 billion shares in 2.56 million transactions.
Market capitalisation also rose to Rp 13,364 trillion.
The majority of trading sectors strengthened, with the largest gains recorded in infrastructure and basic materials. Meanwhile, the technology and financial sectors experienced the biggest declines today.
Conglomerate issuers were the main drivers of the IHSG’s performance. Issuers linked to Prajogo Pangestu accounted for three of the largest contributors to the index’s rise: BRPT with 15.47 index points, BREN with 10.14 index points, and TPIA with 8.27 index points.
Two other Prajogo-linked issuers also ranked among the top 10 drivers of the IHSG: CUAN and PTRO.
Meanwhile, the other five issuers in the top 10 supporters of the IHSG’s performance today were IMPC, an issuer from the Sinar Mas Group (DSSA), and three from the Bakrie Group: ENRG, BRMS, and VKTR.
This positive IHSG performance occurred amid ongoing unstable geopolitical conditions. On Sunday, President Donald Trump stated that the US would blockade the Strait of Hormuz after talks held in Pakistan to end the Iran war reached a deadlock.
“Effective immediately, the United States Navy, the best in the world, will begin the process of BLOCKADING every vessel attempting to enter or exit the Strait of Hormuz,” Trump said in a post on his social media platform, Truth Social. “The blockade will begin soon. Other countries will join in this blockade. Iran will not be allowed to profit from this illegal extortion.”
The US Central Command stated in a post on X on Sunday evening that the US military would begin implementing the blockade on Monday at 10 a.m. Eastern Time. CENTCOM said additional information would be provided to commercial ships before the blockade starts.
They added that the US would not impede ships transiting to and from non-Iranian ports. The blockade would only apply to vessels entering or exiting Iranian ports or coastal areas, including all Iranian ports in the Arabian Gulf and Gulf of Oman.
The US blockade announcement dashed hopes that the war would end in the coming days following peace talks in Islamabad. This move also threatens to worsen the economic crisis gripping the global economy since the war broke out and Iran began restricting access to the strait, a narrow passage through which about one-fifth of the world’s oil flows.
Trump said the US blockade aims to stop Iran from controlling the strait and profiting economically while the world suffers from its closure.
Trump also announced that the US Navy would search and intercept any vessel in international waters that has paid tolls to Iran.
Iran is reportedly preparing to impose fees on ships wishing to transit the strait, a move that provoked Trump’s anger as Iran seeks to strengthen its control over the route amid a two-week ceasefire in the conflict.
The Pakistan-mediated peace talks collapsed because, according to the US, Iran was unwilling to stop its efforts to acquire nuclear weapons. Iran’s demands include control over the Strait of Hormuz, war reparations payments, and a ceasefire across the region, including in Lebanon, according to Iranian state television and officials. Iran also demands the release of its frozen assets abroad.
The US delegation, led by Vice President JD Vance, met with Iranian and Pakistani negotiators for more than 21 hours in a rare face-to-face meeting.
The war and the near-total closure of the strait have placed significant pressure on oil prices and the global economy. Markets have been volatile throughout the conflict, with oil prices once surging above US$100 per barrel.
Domestically, the first agenda comes from the release of Bank Indonesia’s Retail Sales Survey on Monday (13/4/2026). This data often serves as one of the quickest indicators to gauge household consumption behaviour.
Bank Indonesia previously projected the Real Sales Index (IPR) for February 2026 to grow 6.9% year-on-year, higher than January’s 5.7% growth. On a monthly basis, retail sales are also forecast to rise 4.4%, reversing January’s 2.7% contraction.
This increase was mainly supported by public demand during Ramadan and preparations for the national religious holiday of Eid al-Fitr. Groups such as spare parts and accessories, household equipment, and clothing are said to be the main drivers.
The market will monitor whether the consumption surge is merely seasonal or reflects genuinely strengthening purchasing power. This is important because household consumption remains the backbone of Indonesia’s economic growth.