IHSG Slumps in Morning Trade, Opens Down 0.4%
Jakarta, CNBC Indonesia — The Composite Stock Price Index (IHSG) began trading in the red zone this morning, Thursday (30/4/2026).
The IHSG fell 28.61 points or 0.4% to the level of 7,072.62. There were 242 stocks in the green, 233 down, and 484 unchanged.
The transaction value reached Rp 764.7 billion, involving 2.06 billion shares in 105,300 transactions. Market capitalisation was recorded at Rp 12,647 trillion.
Entering the final trading session of the week, domestic financial market players will monitor several important sentiments from abroad.
The main focus of the market today is on the outcome of the Federal Reserve’s interest rate decision, the release of China’s Manufacturing PMI, US Personal Consumption Expenditures (PCE) inflation, and US unemployment claims data.
As previously reported, the Fed again maintained interest rates at 3.50-3.75%. This decision was made amid significant divisions within the Fed.
In the meeting that could be the last for Chair Jerome Powell as leader, a wave of officials opposed the statement that further interest rate cuts remain possible.
FOMC members’ votes were split 8-4, with officials having different reasons for their choices. The number of dissenting votes is the highest since October 1992.
Governor Stephen Miran again voiced dissent to support a 25 basis point rate cut, as he has done since joining the central bank in September 2025.
The other three “no” votes came from regional Fed Presidents: Beth Hammack from Cleveland, Neel Kashkari from Minneapolis, and Lorie Logan from Dallas. They agreed to hold rates but rejected the dovish bias in the official statement.
The main issue of disagreement was the following sentence:
“In considering the size and timing of additional adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, evolving outlooks, and the balance of risks.”
That phrase indicates the next step could be a rate cut, as the use of “additional” suggests the Fed’s last action was a cut.
Meanwhile, President Donald Trump discussed ways to reduce the impact of a potential months-long Iranian port blockade with oil companies.
The talks with oil executives on Tuesday followed a deadlock in efforts to resolve the conflict, which prompted the United States to pressure Iranian oil exports through a naval blockade to force the reopening of the Strait of Hormuz.
Amid mutual threats between Washington and Tehran, Pakistan is attempting to act as a mediator to prevent escalation, while both sides continue to exchange messages regarding a potential agreement.
Trump said Iran could reach out if it wants to negotiate, but also mocked Tehran for “not knowing how to act properly.”
The White House stated that Trump and the oil executives discussed steps to stabilise the global oil market and options to continue the blockade for months while minimising the impact on US consumers.