IHSG Session 1 Closes Up 0.31%, Trimming Gains from Market Open

Jakarta, CNBC Indonesia — The Composite Stock Price Index (IHSG) trimmed its gains by the end of the first session on Monday (4/6/2026). The IHSG closed at 6,978.24, up 21.44 points or 0.31%. At the start of trading, the IHSG had risen 1.11% to 7,033.98. The most actively traded stocks included GOTO, BBCA, BUMI, and BBRI. A total of 350 stocks rose, 334 fell, and 275 were unchanged. Trading value reached Rp 14.66 trillion, involving 42.84 billion shares in 1.54 million transactions. Market capitalisation also increased to Rp 12,430 trillion. Citing Refinitiv, the non-primary consumer sector posted the largest gain at 0.98%, followed by property and primary consumer sectors at 0.91% and 0.87%, respectively. The main drivers were Telkom Indonesia (TLKM), which rose 1.78% contributing 5.22 points, followed by Bank Central Asia (BBCA) with 4.68 points and Astra (ASII) with 3.99 points. On the other hand, GOTO was the primary drag on the IHSG. GOTO plunged 5.56% to 51, contributing -5.9 points. The correction in GOTO shares coincided with President Prabowo Subianto’s signing of Presidential Regulation No. 27 of 2026 on the Protection of Online Transport Workers. One key point in the regulation is the sharing of revenue between platform operators and drivers. “I have signed Presidential Regulation No. 27 on the Protection of Online Transport Workers. As I mentioned earlier, they must be provided with work accident guarantees, BPJS Health, and health insurance,” Prabowo stated. In addition, Deputy Speaker of the DPR Sufmi Dasco Ahmad noted that the government has entered the shares of online motorcycle taxi (ojol) platform operators through Danantara. However, Dasco did not specify which ojol platforms were meant. Meanwhile, the Central Statistics Agency (BPS) released the latest economic data. Indonesia’s trade balance in March 2026 recorded a surplus of US$3.32 billion. This surplus was US$3.32 billion compared to February 2026’s US$1.27 billion. The surplus was driven by exports of US$22.53 billion, up 3.10% from the same period last year, while imports were US$19.21 billion, growing 1.51%. For the record, this is the surplus for 70 consecutive months since May 2020. Investors continue to weigh tensions between Iran and the United States (US), as well as US plans to reopen shipping lanes in the Strait of Hormuz. Citing CNBC International, the US is still working to free ships stranded due to the closure of the Strait of Hormuz since the start of the Iran war. The statement was made by US President Trump in a post on Truth Social on Sunday (3/5/2026). The effort is called “Project Freedom”, scheduled to begin on Monday Middle East time. Its main focus is to evacuate civilian ships flagged by countries not involved in the conflict from the disputed waters so they can continue their business activities freely and smoothly. “US military support for Project Freedom will include guided-missile destroyers, more than 100 land and sea-based aircraft, multi-domain uncrewed platforms, and 15,000 military personnel,” said the US Central Command shortly after Trump’s announcement, cited on Monday (4/5/2026). For information, oil prices fell after the “Project Freedom” announcement. The July West Texas Intermediate (WTI) futures contract fell 0.59% to US$101.34 per barrel at 19:38 ET. The Brent crude futures contract dropped 0.27% to US$107.88 per barrel.