Market Calms Down, IHSG Session 1 Closes Up 1.45%
Jakarta, CNBC Indonesia — The Composite Stock Price Index (IHSG) advanced strongly throughout the first session today, Wednesday (1/4/2026). The IHSG closed the first session at 7,150.69, up 102.47 points or 1.45%.
A total of 505 stocks rose, 210 fell, and 243 remained unchanged. Trading value reached Rp 8.63 trillion with a volume of 16.41 billion shares in 1.12 million transactions. Market capitalisation also climbed to Rp 12,598 trillion.
According to Refinitiv, all sectors were in the green. The IHSG’s strengthening was supported by several large-cap stocks, particularly from the energy and commodities sectors. However, on the other hand, the IHSG’s pace was also restrained by pressure from energy and coal sector stocks.
The IHSG’s movement also aligned with Asian markets. South Korea’s Kospi led the gains with a 8.22% rise. Japan’s Nikkei rose 4.69%. Hong Kong’s Hang Seng surged 2.12%, and Singapore’s STI climbed 1.96%.
The IHSG’s strengthening also responded to government policies to anticipate the spillover effects of conflicts in the Middle East. As is known, the war between Iran and the United States and Israel has caused volatility in global energy prices.
Among them are the implementation of work from home (WFH) once a week for civil servants (ASN), namely on Fridays, fuel savings, budget refocusing, and changes to the Free Nutritious Meals (MBG) programme.
Coordinating Minister for the Economy Airlangga Hartarto stated that these eight policy points are mitigation steps against global dynamics as well as momentum for transformation and change initiatives.
“This policy programme is called the 8 Pillars of National Work Culture Transformation Policy and Government Energy Policy,” said Airlangga during a live press conference from Seoul on Tuesday (30/3/2026).
Nevertheless, the market is still shadowed by challenges from the energy sector. The government has indeed assured that non-subsidised fuel prices will not rise as of 1 April 2026 and domestic energy supplies remain secure, but global energy price volatility due to the war in the Middle East remains a factor to watch.
Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia on Tuesday (31/3/2026) emphasised that the government will not raise non-subsidised fuel prices as of 1 April 2026.
“Regarding Pertadex fuel or high-quality diesel, there is no price adjustment, and what was conveyed by the Cabinet Secretary is the same, no less and no more. Of course, with global price fluctuations, we will review according to world developments,” said Bahlil during a press conference on Tuesday (31/3/2026).
On the same occasion, Bahlil also assured that domestic energy supplies are still in safe condition. He stated that reserves of fuel oil, including diesel, petrol, avtur, and LPG, are currently above the national minimum standards.
“This means that even though we know the geopolitical tensions are not yet known when they will end, and some other countries have implemented efficiency policies. We are grateful for the President’s guidance that all our fuel reserves are above the national minimum standards,” he said.
Bahlil also emphasised that the government has secured alternative sources for oil and LPG imports that previously came from the Middle East. According to him, this step was taken to ensure that unrest in the region does not directly disrupt national energy needs.
“When there is tension in the Middle East, we replace it from the Middle East. Alhamdulillah, we have got it, no doubt anymore. We have got it,” Bahlil stressed.