IHSG Closes Higher, Returning to 5,900 Level
Jakarta, CNBC Indonesia – The Jakarta Composite Index (IHSG) rose in Thursday’s trading session (9/7/2026), as market participants continued to monitor global sentiment whilst awaiting a number of economic catalysts.
At the end of the first session, the IHSG stood at 5,912.44, up 39.07 points or 0.67% from the previous close.
A total of 327 stocks advanced, 275 declined and 190 were unchanged, reflecting easing selling pressure in the first session. Market capitalisation on the Indonesia Stock Exchange stood at Rp10,351 trillion.
Citing Refinitiv data, the majority of sectors rose, with the largest gains recorded by basic materials, energy and consumer sectors. Meanwhile, the healthcare, technology, property and financial sectors contracted today.
Specifically, the stocks supporting the IHSG’s performance today included AMMN, BRMS, BUMI, VKTR and BMRI.
Indonesia’s financial markets are expected to remain highly volatile today. A number of overseas sentiments are likely to weigh on the IHSG and the rupiah, including the intensifying war and new projections for the global economy.
The United States military launched fresh strikes against Iran on Wednesday (8/7/2026), targeting Tehran’s ability to threaten shipping in the Strait of Hormuz, a route that carried roughly one-fifth of the world’s oil supply before the war broke out.
US Central Command (CENTCOM) said the strikes were in response to attacks on three merchant vessels in the Strait of Hormuz the previous day. US President Donald Trump also stated that a memorandum of understanding with Iran to end the conflict had “ended”, and threatened a harsher response if attacks on ships recurred.
A US official said the latest wave of strikes would be larger than the previous day’s operation.
The strikes rocked several cities on Iran’s southern coast, including Bandar Abbas, Iran’s largest port, as well as Konarak and Chabahar, which suffered power outages and damage to maritime facilities.
In response, Iranian state media reported that Tehran was preparing a major counter-attack on US military bases in the region.
Iran is also considering other measures, ranging from withdrawing from the Non-Proliferation Treaty (NPT), changing its nuclear doctrine, to closing the Bab el-Mandeb Strait, one of the world’s strategic shipping lanes.
The latest escalation again dashed hopes of permanent peace between Washington and Tehran. Tensions in the Middle East also pushed world oil prices up by more than US$1 per barrel, with Brent trading at around US$79.28 per barrel.
Meanwhile, the International Monetary Fund (IMF) again cut its global economic growth projection for 2026 to 3%, lower than the 3.5% growth recorded in 2025.
Quoted from its latest report, the revision reflects the prolonged impact of the war in the Middle East, surging energy prices and heightened geopolitical uncertainty weighing on the world economic outlook.
In its latest World Economic Outlook (WEO) report released on Wednesday (8/7/2026), the IMF named the conflict between the United States, Israel and Iran as one of the biggest risks to the global economy.
Nevertheless, the IMF judged that the conflict’s negative impact could still be offset by rapid investment in artificial intelligence (AI) and other technologies that continue to support global economic activity.
The IMF projected that global inflation would in fact rise to 4.7% in 2026, higher than 4.1% in 2025, alongside a sharp increase in commodity prices, particularly energy.
In its projection, the IMF assumed an average oil price of around US$89 per barrel, with energy prices currently about 25% higher than before the war broke out in late February.
As for Indonesia, the IMF maintained its projection of 5.0% growth in 2026 and 5.1% in 2027.