IHSG Closes Higher, Returning to 5,900 Level

The Jakarta Composite Index (IHSG) closed higher on Thursday (9/7/2026), with market participants continuing to monitor global sentiment and awaiting a number of economic catalysts. The index ended the session at 5,912.44, a rise of 39.07 points or 0.67%. A total of 327 stocks advanced, 275 declined, and 190 remained unchanged, reflecting easing selling pressure. Market capitalisation on the Indonesia Stock Exchange was recorded at IDR 10,351 trillion. According to Refinitiv data, most sectors traded in positive territory, with the highest gains recorded in basic materials, energy, and consumer goods. Conversely, the healthcare, technology, property, and financial sectors experienced contractions. Stocks supporting the IHSG’s performance today included AMMN, BRMS, BUMI, VKTR, and BMRI. The Indonesian financial market is expected to remain volatile amid significant external pressures. The United States military launched fresh strikes against Iran on Wednesday (8/7/2026), aiming to degrade Tehran’s ability to threaten shipping in the Strait of Hormuz, a waterway through which roughly one-fifth of the world’s oil supply passes before the war. The US Central Command (CENTCOM) stated the strikes were a response to attacks on three commercial vessels the previous day. President Donald Trump also declared that a tentative memorandum of understanding with Iran to end the conflict had ‘expired’ and threatened a harsher response if attacks on ships continued. The strikes hit several cities on Iran’s southern coast, including the major port of Bandar Abbas, as well as Konarak and Chabahar, causing power outages and damage to maritime infrastructure. In response, Iranian state media reported that Tehran is preparing a major retaliatory strike against US military bases in the region. Meanwhile, the International Monetary Fund (IMF) has again slashed its global economic growth projection for 2026 to 3.0%, down from 3.5% in 2025. The latest World Economic Outlook report, released Wednesday, cited the prolonged impact of the Middle East conflict, surging energy prices, and rising geopolitical uncertainty as primary factors weighing on the global economy. The IMF also forecast that global inflation would rise to 4.7% in 2026, driven by sharp increases in commodity prices, particularly energy, with oil prices assumed to average around US$89 per barrel. Despite the global headwinds, the IMF maintained its economic growth projection for Indonesia at 5.0% for 2026 and 5.1% for 2027.