Positive Trend Continues, IHSG Session 1 Closes Up 0.36%

Jakarta, CNBC Indonesia — The Composite Stock Price Index (IHSG) closed the first session in positive territory, but the gains were trimmed compared to the opening of trading.

The IHSG settled at 7,117.98, up 25.51 points or 0.36%, on Thursday (7/5/2026). A total of 349 stocks rose, 321 fell, and 289 were unchanged.

Trading value reached Rp 12.3 trillion, involving 24.65 billion shares in 1.53 million transactions. Market capitalisation also rose to Rp 12,702 trillion.

For context, the IHSG opened up more than 1% today. It briefly touched a high of 7,204.78 before paring back the gains.

Banking and telecommunications stocks were the main drivers of the IHSG. Mora Telematika (MORA), which rose 15.31%, had the largest weight with 14.35 points.

This was followed by Bank Rakyat Indonesia (BBRI) with 10.98 points, Bank Central Asia (BBCA) with 9.37 points, Bank Mandiri (BMRI) with 7.82 points, and Telkom (TLKM) with 4.18 points.

On the other side, shares associated with Prajogo Pangestu weighed on the IHSG. Chandra Asri Pacific (TPIA), Barito Renewables Energy (BREN), and Barito Pacific (BRPT) collectively dragged down 23.35 points.

Meanwhile, markets in the region also surged in unison. The Nikkei index led the gains with a 5.92% rise, Taiwan up 2.1%, and South Korea’s Kospi up 0.42%.

The Hang Seng Index futures contract in Hong Kong was at 26,608, up 1.52%.

In war developments, Iran stated on Wednesday that it is reviewing a peace proposal from the United States. This could potentially end the war officially. However, the proposal does not yet address the US’s main demands, namely the cessation of Iran’s nuclear programme and the reopening of the Strait of Hormuz.

In a post on Truth Social, US President Donald Trump said that the US military operation known as Operation Epic Fury would end if Iran agrees to deliver what has been agreed upon, which may be a significant assumption.

As tensions ease, oil prices have also fallen. Oil prices plunged as traders reduced their exposure in hopes that the war will end soon. West Texas Intermediate (WTI) crude fell 7.03% to US$95.08 per barrel. Meanwhile, Brent crude dropped 7.83% to US$101.27 per barrel.

Domestically, Trade Minister Budi Santoso issued Trade Ministerial Regulation No. 12 of 2026 on 28 April 2026, effective from 29 April 2026. This regulation is the fifth amendment to Trade Ministerial Regulation No. 23 of 2023 on Export Policy and Regulation.

The policy expands the scope of export controls, including the list of regulated commodities, ranging from rice, animal products, fisheries, to mining products.

In addition, the authority to suspend, freeze, and revoke export licences can now be proposed by related ministries or agencies and decided through cross-ministerial coordination meetings.

This policy is emphasised to strengthen government control so that export activities remain aligned with meeting domestic needs and national interests.