Indonesian Composite Index Closes Firmer on 17 March 2026 Ahead of Nyepi and Eid Holiday

The Indonesian Composite Index (IHSG) on the Indonesia Stock Exchange (IDX) closed firmer on Tuesday (17 March 2026), tracking positive momentum from regional and global markets. The rally occurred just ahead of the market entering an extended holiday period for Nyepi and Eid al-Fitr 2026.

The IHSG finished trading with gains of 84.55 points or 1.20 per cent, closing at 7,106.84. Meanwhile, the blue-chip LQ45 index also strengthened 1.22 per cent to 722.41.

According to Maximilianus Nico Demus, Associate Director of Research and Investment at Pilarmas Investindo Sekuritas, the primary sentiment stemmed from sustained strength on Wall Street. Additionally, global market participants were optimistic that the US Federal Reserve would maintain interest rates at this week’s FOMC meeting.

On the commodities front, oil price fluctuations due to tensions in the Persian Gulf and diplomatic dynamics between the US and China drew investor attention. Domestically, the government’s commitment to fiscal discipline and Bank Indonesia’s decision to maintain the BI-Rate at 4.75 per cent provided market certainty.

Based on IDX-IC sectoral index data, nine sectors recorded gains. The transport and logistics sector led advances with 3.46 per cent, followed by raw materials (2.62 per cent) and infrastructure (2.10 per cent). However, the financial sector recorded the deepest weakness at 0.31 per cent.

Investors should note that share trading on IDX will be suspended from Wednesday, 18 March 2026 onwards. Market activity will resume the following week on Wednesday, 25 March 2026, following observances of Nyepi and the joint holiday for Eid al-Fitr 1447 H.

The IHSG’s close in positive territory signals positive sentiment for domestic investor confidence despite the market entering an extended break.