IHSG Opens Up 0.38%, Testing 6,300 Level

Jakarta, CNBC Indonesia — The Indonesian Composite Index (IHSG) opened stronger in Wednesday’s trading session (5/8/2026), amid positive sentiment from global markets after Wall Street set another record high and Asian bourses moved into the green.

Based on data from the Indonesia Stock Exchange (IDX), at 09.00 WIB the IHSG stood at 6,343.68, up 24.07 points or 0.38% compared to the previous close of 6,319.61.

Transaction value in the first minutes of trading was recorded at around Rp224.9 billion, with a trading volume of 452.3 million shares across 44,070 transactions. A total of 328 shares rose, 72 declined, and 563 were unchanged.

Today’s trading sentiment is expected to be influenced by the release of Indonesia’s second-quarter 2026 economic growth data, which will be announced by Statistics Indonesia (BPS).

CNBC Indonesia’s consensus forecast predicts the economy grew 5.12% year-on-year, lower than the 5.61% recorded in the first quarter of 2026, in line with the normalisation of consumption after Eid, slowing exports, and reduced government spending.

Globally, sentiment is largely positive after the United States and Iran were reported to be continuing negotiations on reopening the Strait of Hormuz, raising hopes of an easing of geopolitical tensions.

That optimism pushed global oil prices down by more than 5%, followed by a weakening of the US dollar index to 99.85 and a decline in the yield on the 10-year US Treasury bond to 4.627%. These conditions are seen as potentially increasing investor interest in assets in emerging markets, including Indonesia.

Meanwhile, Wall Street closed higher again and set a new record, supported by expectations of easing inflationary pressure from falling energy prices and US economic data showing a cooling labour market.

At the same time, Asia-Pacific stock markets opened higher, following Wall Street’s rally overnight. South Korea’s Kospi index jumped more than 4%, Japan’s Nikkei 225 gained around 1.8%, while Australia’s S&P/ASX 200 also traded in positive territory.

Market optimism was driven by corporate earnings that beat expectations, as well as growing hopes of an agreement between the US and Iran on reopening the Strait of Hormuz.

Market players will also be monitoring developments in foreign capital flows and the domestic market’s response to today’s release of Indonesia’s economic growth data.

In yesterday’s trading, foreign investors recorded a net buy of Rp623.5 billion across the entire market. The buying was concentrated in large-capitalisation banking stocks in particular.

PT Bank Central Asia Tbk. (BBCA) was the stock most accumulated by foreign investors, with a net buy value of Rp404.4 billion, followed by PT Bank Mandiri (Persero) Tbk. (BMRI) at Rp129.9 billion, PT Bank Rakyat Indonesia (Persero) Tbk. (BBRI) at Rp116.1 billion, PT Merdeka Copper Gold Tbk. (MDKA) at Rp101.2 billion, and PT Bank Negara Indonesia (Persero) Tbk. (BBNI) at Rp94.1 billion.