IHSG Second Session Closes up 1.41% at 7,440 Level
Jakarta — Indonesia’s Composite Stock Price Index (IHSG) rebounded on Tuesday, 10 March 2026, following a sharp decline the previous day. The IHSG surged 2.2% at the opening and nearly touched the 7,500 level, but ultimately pared gains to close up 1.41%, or 103 points, at 7,440.91 at the end of the second session.
A total of 534 shares gained, 190 declined, and 93 remained flat. Trading value reached Rp 19.16 trillion, involving 336.26 billion shares across 2.03 million transactions. Market capitalisation increased to Rp 13.338 trillion.
Nearly all trading sectors strengthened, with the largest gains recorded in the energy and raw materials sectors, whilst only the infrastructure and technology sectors declined. Key stock movers driving IHSG performance included DSSA, BRMS, BBCA, BMRI and BYAN.
On the previous day, Monday 9 March 2026, the IHSG had declined sharply, touching a low of minus 5.2% at the 7,156 level before paring losses to close down 3.27%, or 248 points, at 7,337.37.
Doo Financial Futures analyst Lukman Leong said domestic capital market weakness remained influenced by global geopolitical sentiment stemming from significant disruptions to oil production and supply from the Strait of Hormuz.
MNC Securities Head of Research Retail Herditya Wicaksana concurred, noting that the IHSG correction aligned with movements in global and regional Asian exchanges that had also corrected. “We expect that with the escalation of conflict in the Middle East and the impact of the Strait of Hormuz closure remaining as a sentiment driver,” he stated.
Oil prices declined during Monday’s trading after US President Donald Trump indicated he was considering taking control of the Strait of Hormuz, the world’s most critical narrow passage for crude oil trade. US crude (WTI) closed at US$94.77 per barrel, up 4.3%, whilst Brent crude closed at US$98.96, up 6.8%.
Despite the gains, closing prices were significantly lower than intraday levels where WTI had touched US$119 per barrel. Trump told CBS News via telephone that ships had begun moving through the Strait of Hormuz and indicated he was considering taking control of it, suggesting the conflict might end soon. He also indicated consideration of reducing oil sanctions on Russia to help lower crude prices.
According to Matt Smith, oil analyst at energy consultancy firm Kpler, only a handful of commercial vessels are currently moving through the Strait of Hormuz.
The global Brent benchmark previously surged 6.76% to close at US$98.96 per barrel after reaching US$119.50 in the same trading session, marking the first time oil prices have breached US$100 per barrel since Russia’s invasion of Ukraine in 2022.