IHSG Strengthens to 7,030, Supported by 5.61% Economic Growth

JAKARTA, KOMPAS.com - The Composite Stock Price Index (IHSG) broke through the psychological level of 7,000 and closed higher in the first trading session on Tuesday (5/5/2026). The strengthening occurred while the majority of Asian exchanges weakened due to rising global geopolitical tensions. The IHSG rose 0.83% to the level of 7,030. This increase was supported by market optimism regarding Indonesia’s economic growth in the first quarter of 2026. “The solid signal of Indonesia’s economic growth in the first quarter of 2026 is supporting optimism in the market, which led the IHSG to close up 0.83% at 7,030 at the end of the first trading session,” said Senior Market Analyst at Mirae Asset Sekuritas, Nafan Aji Gusta. Large-cap banking stocks were the main drivers of the index. PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) rose 3.6%. PT Bank Negara Indonesia (Persero) Tbk (BBNI) strengthened 2.9%. PT Bank Mandiri (Persero) Tbk (BMRI) increased 2.5%. PT Bank Central Asia Tbk (BBCA) also strengthened 2.1%. Seven out of 11 sectors were in the green zone by the end of the first session. Entering the early second session, the IHSG strengthened again. The index rose 71.578 points or 1.03% to the level of 7,043.532.