IHSG Rises 1.3% in Morning Session: Here's Why

Jakarta, CNBC Indonesia — The Composite Stock Price Index (IHSG) surged strongly on the first day after the long Eid al-Fitr holiday, Wednesday (25/3/2026). The index briefly entered negative territory at the start of trading but closed the morning session with a rise of more than 1%. At 12.00 WIB, the IHSG was up 1.3% or 92.36 points to 7,199.2. A total of 554 stocks rose, 198 fell, and 206 were unchanged. Trading value began to climb compared to pre-Eid al-Fitr levels, reaching Rp13.28 trillion. Meanwhile, 24.48 billion shares changed hands in 1.33 million transactions. Market capitalisation also increased to Rp12,681 trillion. The four major bank stocks and Bumi Resources (BUMI) were the stocks with the largest trading values. These five stocks contributed more than two-thirds of the total trading value throughout the morning session. Citing Refinitiv, all sectors were in positive territory, except utilities which experienced a slight correction. Industrials, consumer primaries, and energy advanced by more than 2%. As the dividend season approaches, Telkom (TLKM) and Astra (ASII) became the main drivers of the IHSG, with weights of 19.99 index points and 18.43 index points respectively. This was followed by Amman Mineral (AMMN) with 10.32 index points, Bank Mandiri (BMRI) with 8.54 index points, and Bumi Resources Minerals (BRMS) with 7.47 index points. Although this week is shorter, investor attention remains focused on various important global and domestic agendas. These include developments in money supply, US consumer sentiment data, US import and export price releases, and initial US jobless claims that will provide the latest picture of the Uncle Sam’s labour market conditions. This series of sentiments is expected to act as a catalyst for market movements, from stocks and the rupiah exchange rate to commodity prices throughout this week’s trading. Meanwhile, global oil prices came under pressure again in Wednesday morning trading (25/3/2026), with a decline approaching 5% as market concerns over supply disruptions from the Middle East eased. According to Reuters, this decline was triggered by rising expectations of a ceasefire between the United States and Iran. The US government is reported to have sent a 15-point peace proposal to end the conflict that has long disrupted global energy distribution. Nissan Securities Investment analyst Hiroyuki Kikukawa said the market is starting to take profits after prices had surged. Expectations of easing conflict are encouraging market participants to reduce positions, although the direction of negotiations remains uncertain.