IHSG Opens with Slight Gain to 7,642 as Market Awaits Direction of US-Iran Conflict

JAKARTA – The Composite Stock Price Index (IHSG) opened with a slight gain in trading on Monday (20 April 2026). According to data from the Indonesia Stock Exchange (BEI) at the start of the session, the IHSG rose 8.24 points or 0.11% to the level of 7,642.24.

The IHSG opened at 7,663.40 and moved within the range of 7,622.37 to 7,671.98 during the morning trading. This position was higher compared to the previous close at 7,634.00.

Market activity was observed to be moderate. Trading volume reached 4.112 billion shares with a transaction value of Rp 1.929 trillion and a frequency of 314.9 thousand times. A total of 274 stocks strengthened, 293 weakened, and 392 remained stagnant.

Sharia-based indices also recorded limited gains. The Jakarta Islamic Index (JII) rose 0.97 points or 0.18% to 531.48. The Indonesia Sharia Stock Index (ISSI) strengthened 0.49 points or 0.18% to 277.40.

On the other hand, the IDX30 weakened 0.29 points or 0.07% to 403.18. Meanwhile, the JII70 rose 0.36 points or 0.18% to 201.02.

Market capitalisation was recorded at Rp 13,638 trillion at the start of trading today.

Equity Research Analyst Alrich Paskalis Tambolang from Phintraco Sekuritas projects the IHSG support level at 7,500 and resistance at 7,700.

Technically, the IHSG is still holding above the MA5 and is well above the MA20, reflecting a relatively strong short-term trend.

“The IHSG is expected to move in consolidation within the range of 7,700-7,750 before attempting to break through the MA50 around 7,719,” said Alrich on Sunday (19 April 2026).

“The IHSG is expected to consolidate while awaiting developments in the US-Iran conflict ahead of the ceasefire deadline,” he explained.

Ahead of the end of the ceasefire period on 21 April 2026, both countries have again heightened tensions through strong statements, particularly regarding the strategic global energy route in the Strait of Hormuz.

This situation has led global investors to adopt a wait-and-see stance, awaiting certainty on whether the ceasefire will be extended or if there will be a broader escalation of the conflict.

Technically, Alrich noted that the IHSG is still holding above the MA5 and is well above the MA20, reflecting a relatively strong short-term trend.

Meanwhile, from a global perspective, investor attention will focus on the release of US retail sales data and Michigan Consumer Sentiment, as well as several economic indicators from Europe and Asia.