IHSG Enjoys Happy Weekend, Surges 2.07% to 7,458 Level
The Jakarta Composite Index (IHSG) surged more than 2% today, Friday (10 April 2026). At the close of trading, the index rose 2.07% to 7,458.49, strengthening by 151 points.
This increase continues the IHSG rebound that has been ongoing for the past two days, starting with a sharp surge in Wednesday’s trading (8 April) with a rise of more than 4%.
A total of 181 stocks fell, 485 rose, and 153 remained unchanged. The transaction value reached Rp18.13 trillion, involving 42.94 billion shares in 2.28 million transactions.
Market capitalisation was also pulled up to Rp13,215 trillion.
Citing Refinitiv data, all trading sectors recorded gains today, with the highest increases booked by the basic materials, non-primary consumer, and property sectors.
The most actively traded stocks today included BUMI, BBRI, and BBCA. Meanwhile, the new listing this year, WBSA, led the strengthening with a 34% rise, hitting its ARA. Other stocks that strengthened significantly today included MEGA, MSIN, and TPIA.
Shares of conglomerate issuers and large-cap blue-chip issuers were recorded as the drivers of the IHSG’s performance today.
Bank Central Asia (BBCA) shares became the main driver of the IHSG’s performance today with a contribution of 21.17 index points, followed by Bank Rakyat Indonesia (BBRI) shares, which held an RUPST this afternoon, with one agenda being dividend distribution, also becoming a main driver of the IHSG’s performance today with a contribution of 17.33 index points.
Chandra Asri Pacific (TPIA) shares also served as a main support for the IHSG with a contribution of 18.17 index points. Shares of the Barito Group owned by Prajogo Pangestu were recorded as strengthening in unison in today’s trading.
Other issuers that became the main drivers of the IHSG’s performance today included MORA from the Sinar Mas Group, MSIN from the MNC Group, and PANI owned by Aguan.
Indonesia’s financial markets will close trading for this week today. Market participants need to consider several developing sentiments, from the war in the Middle East to important economic data.
Asia-Pacific stock markets opened mostly stronger on Friday’s trading (11 April 2026), amid a fragile two-week ceasefire between the United States and Iran that keeps market participants vigilant.
Citing CNBC, the conflict in the Middle East, which has lasted more than a month, still overshadows sentiment, especially due to the closure of the Strait of Hormuz, a vital global energy route.
Although a ceasefire has been announced, traffic in the Strait of Hormuz remains very limited. Iran stated it would reopen the route if all attacks against its country are stopped, while Israel is also reported to have approved the agreement.
US President Donald Trump previously halted attacks on Iran last Tuesday as part of efforts to ease the conflict. However, he warned Iran not to impose fees on oil tankers passing through the strait.
On the other hand, Iran’s Parliament Speaker Mohammad Bagher Ghalibaf accused the United States of violating the ceasefire agreement. This accusation adds to the uncertainty in global markets.
From the stock markets, South Korea’s Kospi index strengthened 1.68% and Kosdaq rose 1.14%. In Japan, the Nikkei 225 jumped 1.65%, while the Topix moved relatively flat.
Japanese Prime Minister Sanae Takaichi stated that her country plans to release oil reserves for 20 days starting in May. Japan is known to have oil reserves sufficient for 230 days as of 6 April.
In contrast, Australia’s S&P/ASX 200 index weakened 0.51%. Meanwhile, Hong Kong’s Hang Seng futures contract was at 25,900, higher than the previous close at 25,752.40.
Global oil prices are still moving upwards, with West Texas Intermediate (WTI) strengthening 0.69% to US$98.55 per barrel. Meanwhile, Brent crude rose 0.91% to US$95.92 per barrel, after briefly breaking through the US$100 per barrel level in the previous session.
In last night’s trading on Wall Street, US stock indices closed higher despite oil prices dipping from their highs. This rise reflects investor optimism towards the easing of geopolitical conflict.
The S&P 500 index rose 0.62% to 6,824.66, while the Nasdaq Composite strengthened 0.83% to 22,822.42. The Dow Jones Industrial Average also rose 275.88 points or 0.58% to 48,185.80, while recording positive performance throughout the year so far.