IHSG Trims Losses, Strengthens 0.71% to 7,389 Level
Jakarta — The Indonesian Composite Index (IHSG) rebounded during trading on Tuesday, 10 March 2026, following a sharp decline the previous day. The IHSG initially surged 2.2% and nearly touched 7,500 at the opening of trading, but gains were trimmed to 0.71% or up 52 points, closing at 7,389.51 at the end of the morning session.
A total of 443 stocks advanced, 227 declined, and 145 remained unchanged. Transaction value reached Rp 10.62 trillion, involving 22.30 billion shares across 1.25 million transactions. Market capitalisation rose to Rp 13.256 trillion.
Nearly all trading sectors strengthened, with raw materials and consumer staples recording the largest gains, whilst only the infrastructure and technology sectors weakened on the day. Key movers driving IHSG performance included ASII, BRMS, BBCA, MBMA and DSSA.
The IHSG had previously fallen sharply on Monday, 9 March 2026, briefly touching a low of minus 5.2% at 7,156 before trimming losses to minus 3.27% or down 248 points, closing at 7,337.37.
Analyst Lukman Leong from Doo Financial Futures stated that the domestic capital market weakness remained influenced by global geopolitical sentiment resulting from major disruptions to oil production and supply from the Strait of Hormuz.
Head of Research at MNC Sekuritas Retail, Herditya Wicaksana, concurred, stating that the IHSG correction aligned with movements in global and regional Asian exchanges that had also corrected. “We anticipate that with the escalation of conflict in the Middle East and the impact of the Strait of Hormuz closure, sentiment will remain pressured,” he said.
Crude oil prices fell during Monday’s trading after US President Donald Trump stated 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, surging 6.8%. Despite the gains, closing prices were significantly lower than intraday levels where WTI briefly touched US$119 per barrel.
Trump told CBS News in a phone conversation that ships had already begun moving through the Strait of Hormuz again. The US President also stated he was considering taking control of the strait and indicated that war would likely end soon. Additionally, Trump is considering reducing oil sanctions against Russia to help lower crude oil prices.
According to Matt Smith, oil analyst at energy consulting firm Kpler, currently only a handful of commercial vessels are moving through the Strait of Hormuz.
Meanwhile, the global Brent benchmark had previously surged 6.76% and closed at US$98.96 per barrel after reaching US$119.50 during the same trading session. This marks the first time oil prices have breached the US$100 per barrel mark since Russia’s invasion of Ukraine in 2022.