Investors Beam as IHSG Surges 2.34% Approaching 7,700 Level
Jakarta, CNBC Indonesia - The Composite Stock Price Index (IHSG) surged 2.34% or 175.76 points to close at 7,675.95 during trading on Tuesday (14/4/2026).
A total of 548 stocks rose, 151 fell, and 119 remained unchanged. The morning session’s transaction value reached Rp 24.85 trillion, involving 53.31 billion shares in 3.11 million transactions. Market capitalisation also increased to Rp 13,710 trillion.
Nearly all trading sectors strengthened, with the largest gains recorded in the infrastructure and basic materials sectors, while only the non-primary consumer sector weakened today.
Conglomerate issuers and blue-chip stocks with strong fundamentals rose significantly today. The main drivers of the IHSG’s performance were DSSA, MORA, BBRI, BRPT, BBCA, BREN, AMMN, and BMRI.
Meanwhile, today’s movements in global financial markets and commodities were coloured by various major macroeconomic data releases from the Asian region, such as China’s trade balance and US PPI, as well as escalating geopolitical dynamics due to the lack of a middle ground in Iran-US war negotiations.
The United States military began imposing a blockade on ships leaving Iranian ports on Monday, while Tehran threatened retaliation against the ports of neighbouring countries in the Gulf region after weekend talks in Islamabad to end the war failed.
A US official stated that communication with Iran is ongoing, with progress in efforts to reach an agreement. Pakistan’s Prime Minister Shehbaz Sharif also said that conflict resolution efforts are still underway.
However, oil prices rose again, breaking through US$100 per barrel, with no signs of a quick reopening of the Strait of Hormuz to ease the largest-ever supply disruption, alongside growing concerns over the resilience of the two-week ceasefire achieved last week.
Trump stated that Iran contacted the US on Monday and wants to reach an agreement, but he will not approve any deal that allows Tehran to possess nuclear weapons.
“Iran will not have nuclear weapons. We cannot allow a country to blackmail or threaten the world,” Trump said, quoted from Reuters.
Since the United States and Israel initiated the war on 28 February, Iran has effectively closed the Strait of Hormuz to all ships except its own, stating that shipping is only permitted under Iranian control and with the payment of certain fees.
Trump said Washington would block Iranian ships and any vessels paying those fees, and Iran’s “fast attack” boats approaching the blockade would be destroyed.
Brigadier General Reza Talaei-Nik, spokesman for Iran’s Ministry of Defence, warned that foreign military efforts to monitor the strait would exacerbate the crisis and instability in global energy security.
NATO allies, including the UK and France, stated they would not be drawn into the conflict by participating in the blockade. Instead, they emphasised the importance of reopening the sea lane, which typically carries about one-fifth of the world’s oil supply.
The escalation of the conflict between the United States, Israel, and Iran is putting pressure on the global economy, spilling over to Indonesia through three main channels.
First is the financial channel, where uncertainty triggers risk-off sentiment. Foreign capital flows out of emerging markets towards safe-haven assets in the US, automatically strengthening the US dollar index (DXY) and pressuring the rupiah exchange rate.
Second is the commodities channel; potential shipping disruptions in the Strait of Hormuz raise global crude oil prices. However, this provides indirect compensation for Indonesia through rises in prices of key export commodities such as coal, CPO, nickel, and gold.
Third is the trade channel; disruptions to supply chains and maritime logistics could trigger global stagflation, a condition of slowing economic growth accompanied by surging inflation.
Amid these pressures, domestic economic fundamentals are deemed solid. Inflation, which spiked at the start of the year due to low base effects from the removal of electricity subsidies, is now easing and within Bank Indonesia’s target of 2.5% ± 1%.
The government’s decision not to raise subsidised fuel prices is also seen as crucial for maintaining purchasing power while stabilising the rupiah. With expansive production indicators, first-quarter 2026 economic growth is expected to reach 5.2%.
As a mitigation response, Bank Indonesia is preparing 24-hour market monitoring by optimising representative offices in London and New York, and conducting measured liquidity interventions in the spot market, global Non-Deliverable Forward (NDF), and Domestic NDF (DNDF).