IHSG Happy Weekend, Soars 2.07% Back to 6,000 Level

Jakarta, CNBC Indonesia - The Jakarta Composite Index (IHSG) soared 2.07% to 6,007.62 at the close of the second trading session on Friday (12/6/2026). A total of 615 stocks advanced, 108 declined, and 93 remained unchanged. Trading frequency reached 2.40 million transactions, with a volume of 37.47 billion shares worth Rp 21.68 trillion. The IHSG opened stronger on Friday, returning to positive territory after experiencing a correction in the previous session. Almost all sectors strengthened, with only healthcare and technology declining. The highest gains were recorded by the basic materials, energy, primary consumer, non-primary consumer, and industrial sectors. Blue-chip and conglomerate stocks surged in unison, with AMMN, BBCA, DSSA, BRMS, and BUMI being the main drivers of the IHSG’s performance. The Indonesian financial market continues to face dynamics ranging from war to investors scrutinising domestic fiscal resilience and ongoing geopolitical and global economic sentiment. The IHSG and rupiah had previously weakened following US inflation data that rose again, increasing the potential for a Federal Reserve rate hike, which tends to cripple risky assets such as equities, particularly in developing countries like Indonesia. President Donald Trump stated that the US and Iran could potentially sign a peace agreement this weekend, which would reopen the Strait of Hormuz for shipping. However, Iran emphasised that a final decision has not been made, although most of the agreement’s contents have been settled. Trump claimed the deal would end the three-month war and ensure Iran does not possess nuclear weapons. He also mentioned that the Strait of Hormuz would be reopened immediately after the agreement is signed. Trump’s announcement came after he cancelled plans for a military attack on Iran due to progress in negotiations. The news boosted US stocks and pushed oil prices lower. Meanwhile, the European Central Bank officially raised its benchmark interest rate by 25 basis points to 2.4% yesterday. This tightening move, the first since 2023, was driven by policymakers’ commitment to anchoring inflation back to the medium-term target of 2%. The decision was a direct response to surging energy costs and persistent inflation risks stemming from the escalation of war in the Middle East and disruptions to oil shipping routes through the Strait of Hormuz.