IHSG Opens Down 1% Amid Global Oil Surge and US Tariff Concerns
The Jakarta Composite Index (IHSG) opened in the red on Friday (24/7/2026) as investor caution increased due to a combination of global sentiments, ranging from a surge in world oil prices to new tariff policies by US President Donald Trump. According to data from the Indonesia Stock Exchange (BEI), the IHSG opened at 6,266.98 and continued to weaken. As of around 09.00 Western Indonesia Time, the index was at 6,235.81, down 79.50 points or 1.26%. A total of 115 stocks rose, 312 stocks fell, and 538 stocks remained unchanged. Transaction value reached Rp678.8 billion with a trading volume of 1.288 billion shares across 107.5 thousand transactions.
The IHSG is expected to move with high volatility on the last trading day of the week amid a mix of global and domestic sentiments. Externally, the market is closely watching the latest policy of US President Donald Trump, who officially imposed import tariffs of 10%-12.5% on 60 trading partners, including Indonesia. At the same time, Brent crude oil prices again breached the US$100 per barrel mark for the first time in two months due to escalating conflict in the Middle East, triggering concerns that global inflation will rise again and push central banks to maintain high interest rates for longer.
Domestically, positive sentiment came from maintained economic liquidity. Bank Indonesia recorded broad money supply (M2) growth of 8.7% annually in June 2026, while credit growth increased to 12.1%. Additionally, PT Danantara Asset Management has officially acquired four state-owned investment management companies with total assets under management exceeding Rp170 trillion, as part of the formation of the largest asset management company in Indonesia. Market participants are also closely watching corporate performance, particularly in the banking sector. PT Bank Mandiri (Persero) Tbk (BMRI) posted a net profit of Rp30.4 trillion in the first half of 2026, growing 24.4% year-on-year, supported by nearly 20% credit growth and maintained asset quality. This performance is expected to bolster sentiment in the financial sector amid global uncertainty.