IHSG Opens Weaker Amid High Oil Prices and Geopolitical Pressures

REPUBLIKA.CO.ID, JAKARTA – The Composite Stock Price Index (IHSG) weakened at the opening of trading on Friday (24/4/2026) amid pressure from persistently high global oil prices. Geopolitical tensions in the Middle East added to the negative market sentiment.

The IHSG opened with a slight decline of 0.01% to the level of 7,378.07, while the LQ45 index also weakened by 0.10% to 715.75. “The IHSG is expected to continue weakening and close with a gap down at 7,308, testing the 7,300 level,” said Ratna Lim, Head of Research at Phintraco Sekuritas.

From external factors, rising tensions between the United States and Iran have triggered market concerns. Military activities around the Strait of Hormuz increase the risk of disruptions to global energy supplies, impacting the surge in oil prices.

Ratna stated, “A prolonged closure of the Strait of Hormuz keeps oil prices at high levels, raising concerns about potential inflation and widening budget spending deficits,” said Ratna.

Brent crude oil was recorded at $105.93 per barrel and WTI at $96.57 per barrel at 09:42 WIB. This increase is one of the main factors pressuring global stock market movements.

Domestically, the weakening rupiah also serves as negative sentiment after briefly touching Rp17,300 per US dollar. This pressure is seen as worsening the risk perception of the domestic market.

Globally, US and European stock exchanges mostly closed lower in the previous trading session. Meanwhile, in Asia, market movements were varied, with some indices still under pressure.

Nevertheless, the relatively positive performance of major issuers is seen as able to hold back deeper pressure on the IHSG. This sentiment acts as a support amid rising market volatility.