IHSG Opens Down 1.72 Per Cent Amid Escalating Global Geopolitical Tensions

Jakarta – The Composite Index (IHSG) opened weaker, declining 142 points or 1.73 per cent to 8,092 at the start of trading on Monday, 2 March 2026.

Imam Gunadi, Equity Analyst at PT Indo Premier Sekuritas (IPOT), projects that the IHSG could experience volatile movements this week, influenced by heightened global geopolitical risks and domestic fiscal sentiment.

“The market is affected by increasing global geopolitical risks and domestic fiscal sentiment,” Gunadi said in his daily research note on Monday, 2 March 2026.

He noted that if conflict escalation causes a sharp and prolonged surge in energy prices, the risk of global inflation and pressure on the Rupiah’s exchange rate could increase significantly. A significant rise in oil prices could amplify pressure on the current account balance through increased import values for oil and gas, whilst simultaneously increasing Rupiah volatility.

“The IHSG this week is likely to move volatilely with a consolidation tendency, with support at 8,031 and resistance at 8,437,” he said.

In its recommendations, IPOT advised a buy-on-breakout strategy for ENRG, ARCI, HMSP, and XIJI shares.