IHSG Predicted to Strengthen Post-Eid as Trump Delays Attack on Iran

Jakarta (ANTARA) - Financial economist and capital market practitioner Hans Kwee projects that the Composite Stock Price Index (IHSG) will move stronger in trading on Wednesday (25/03), following the long holiday for Nyepi Day and Eid al-Fitr in 2026. He states that one of the main sentiments is the latest news from the conflict between the United States (US) and Iran, where US President Donald Trump has announced a five-day delay in military attacks on Iran’s power plants and energy facilities. “The opening of the IHSG on Wednesday is overshadowed by potential selling pressure, but the recovery of financial markets following the postponement of Trump’s attack on Iran’s electricity and energy infrastructure opens opportunities for the IHSG to move limitedly, with support at the 7,100 to 7,000 level and resistance at the 7,250 to 7,349 level,” said Hans when contacted by Antara in Jakarta on Tuesday. During the long Eid holiday, Hans explained that global financial markets experienced high volatility due to uncertainty over the war between the US and Israel against Iran. In response to the threat, Iran retaliated with threats to destroy energy and oil infrastructure in the Gulf region if its country’s power facilities were attacked. Ultimately, on Monday (23/03), Trump stated that he would delay his military attack on power plants and energy facilities in Iran for five days. Trump’s statement drove gains in the US Wall Street stock exchange and European stock exchanges during trading on Monday (23/03).