IHSG Rises 0.5% This Morning, a Third of Issuers in the Green
The Jakarta Composite Index (IHSG) opened stronger on Friday (10/7/2026) trading, amidst dominant global sentiment still overshadowed by geopolitical tensions in the Middle East.
Referring to data from the Indonesia Stock Exchange (IDX), at the market opening at 09.00 WIB, the IHSG rose 29.82 points or 0.50% to 5,942.26. A total of 306 stocks advanced, 90 stocks declined, and 569 stocks were stagnant, with a transaction value reaching Rp272.6 billion involving 360.1 million shares in 150.3 thousand transactions.
The IHSG is expected to move volatilely in today’s trading amid dominant global sentiment. The re-escalation of conflict in the Middle East, the International Monetary Fund’s (IMF) warning regarding increasing global economic risks, and the prospect of higher-for-longer interest rates remain concerns for market participants.
On the other hand, the weakening of the United States (US) dollar index has the potential to be a positive sentiment for the rupiah exchange rate. Domestically, investor attention is focused on the launch of the mandatory B50 biodiesel programme by President Prabowo Subianto, while Bank Indonesia (BI) reported that retail sales are still experiencing a monthly contraction despite showing improvement compared to the previous month.
Market participants are also observing US economic data showing that jobless claims remain low, as well as the Federal Reserve’s move to form several task forces to evaluate the future direction of monetary policy.
Meanwhile, the majority of Asian exchanges strengthened in morning trade. South Korea’s Kospi index led the gains with a 4.58% increase, followed by Japan’s Nikkei which rose 2.11%, New Zealand’s NZX 50 strengthened 0.88%, the Shenzhen Composite added 0.71%, Malaysia’s FTSE Bursa rose 0.69%, Hong Kong’s Hang Seng strengthened 0.50%, the SGX CNBC China Growth rose 0.49%, Australia’s ASX 200 strengthened 0.32%, and the Shanghai Composite rose 0.25%.
Conversely, Singapore’s Straits Times fell 0.20% and Taiwan’s Taiex weakened 0.83%. The majority of Asian exchanges strengthened amid easing market concerns over a spike in oil prices, although investors are still monitoring developments in the Middle East conflict.