IHSG Extends Gains, Opens in the Green This Morning
The Indonesian Composite Index (IHSG) opened higher in Thursday’s trading (11/6/2026), extending a rally that has persisted for the past two days amid rising market optimism.
Based on data from the Indonesia Stock Exchange (BEI) at 09.00 WIB, the IHSG rose 0.06% to 5,905.78. The IHSG then extended its gains, climbing 0.4%.
A total of 274 stocks advanced, 153 declined, and 532 remained stagnant. Transaction value at the start of trading reached Rp327.3 billion, with a trading volume of 398 million shares across 53,740 transactions.
Market participants are still scrutinising global sentiment developments, including international financial market dynamics and foreign capital flows. In yesterday’s trading, foreign investors recorded a net sell of Rp3.13 trillion across all markets, even as the IHSG managed to close sharply higher.
Indonesia’s financial market today will continue to face dynamics ranging from war to investors closely monitoring domestic fiscal resilience and the trajectory of the global macroeconomy.
The IHSG and the rupiah are in a strengthening phase. However, the rally could be spoiled by two pieces of bad news from the United States: fresh attacks by the US military and soaring US inflation.
The war between Iran and the US is heating up again after the United States began launching strikes against Iran on Wednesday, according to a statement from US Central Command (CENTCOM).
In a post on platform X, CENTCOM stated the US military began ‘launching additional self-defence strikes at 5:15 PM ET against targets in Iran at the direction of the Commander-in-Chief.’ The post confirmed the strikes were ‘in response to Iran’s unprovoked and ongoing aggression.’
Iranian state media reported that Iran targeted US vessels in the Strait of Hormuz with missile and drone attacks.
This latest attack comes after US President Donald Trump said earlier on Wednesday that the US would hit Iran again ‘very hard’, escalating his public threats while continuing to press Tehran to sign a deal.
‘We hit them hard yesterday, and we’re going to hit them hard again today,’ Trump said at a signing ceremony for the Secure America Act at the White House.
Meanwhile, the US Bureau of Labor Statistics on Wednesday evening released inflation data for the May 2026 period, showing annual inflation accelerating to 4.2%. This figure is up from 3.8% in April, marking the highest level since April 2023.
On a monthly basis, headline inflation recorded a 0.5% increase. The jump in headline inflation was specifically dominated by the energy price index surging 3.9% month-on-month or 23.5% year-on-year due to commodity market pressures.
Conversely, core inflation, which excludes the energy and food sectors, appeared more moderate, rising 0.2% month-on-month and 2.9% year-on-year.
Responding to yesterday’s inflation data, market participants project the Fed will hold its benchmark interest rate at the upcoming 17 June meeting, with the potential for a new hike now expected to be postponed until December.
Amid this tightening dynamic, new Fed Chair Kevin Warsh has actually indicated that interest rates have room to move lower in the future. Warsh believes that productivity surges from the deployment of artificial intelligence technology will deliver a significant disinflationary impact for the overall economy.