IHSG Opens Down 0.3% to 6,111.97

The Jakarta Composite Index (IHSG) opened lower on Friday (29 May 2026), continuing pressure after a decline in the previous session before the Eid al-Adha holiday. At the open, the IHSG fell 19 points, or 0.3%, to 6,111.97. The index traded between 6,111.97 and 6,153.71. Trading value at the open was recorded at Rp236.3 billion with a volume of 445.9 million shares and 45,000 transactions. 293 stocks advanced, 141 declined, and 525 remained unchanged. However, minutes after the market opened, the IHSG reversed course and moved into positive territory with gains of up to 0.37%. The most actively traded stocks today included BBCA, BRPT, TPIA, BBRI, and BREN. Meanwhile, Asia-Pacific stock markets rose on Friday (29 May 2026) as investors monitored developments in the Iran-US conflict. CNBC reported that market participants also considered signals that Washington and Tehran were nearing a temporary agreement to halt the three-month conflict. Japan’s Nikkei 225 rose 0.88%, while the Topix gained 0.53% in morning trade. In South Korea, the Kospi surged 2.68% and the small-cap Kosdaq index rose 0.25%. Australia’s S&P/ASX 200 also advanced 0.72%. Meanwhile, Hong Kong’s Hang Seng futures stood at 24,995, slightly below Thursday’s close of 25,006.16. Geopolitically, Iran’s military reportedly fired missiles at unspecified targets late Thursday local time, according to state media Fars, amid heightened military activity in southern Iran. The latest developments came hours after the Pentagon stated that Tehran had launched ballistic missiles towards Kuwait and deployed attack drones around the Strait of Hormuz. Earlier tensions in the Middle East had raised concerns about global energy supply disruptions. However, market sentiment improved slightly after a White House official confirmed Axios’s report that the US and Iran had “largely agreed” on terms for a temporary ceasefire. Hopes of de-escalation prompted investors to return to riskier assets. On Wall Street, US stock futures were flat after the three major indices closed at new record highs on Thursday. US market gains were largely driven by a technology stock rally, boosted by optimism around artificial intelligence (AI) developments. S&P 500 and Nasdaq 100 futures were flat, while Dow Jones Industrial Average futures rose 7 points, or less than 0.1%. In regular trading, the S&P 500 climbed 0.58% to 7,563.63 and the Nasdaq Composite rose 0.91% to 26,917.47, both hitting intraday record highs. The Dow Jones Industrial Average also rose slightly by 0.05% to 50,668.97. The technology rally followed cloud computing firm Snowflake’s strong fiscal Q2 forecast, which reignited market optimism for the AI sector. Snowflake shares surged 36.5%, marking the company’s best daily gain on record. The move came after it reported better-than-expected earnings and announced a $6 billion five-year spending plan for Amazon Web Services.