Reasons Behind IHSG Rebound, Up Nearly 2% Today

Jakarta, CNBC Indonesia — The Composite Stock Price Index (IHSG) surged strongly today, Wednesday (1 April 2026). The IHSG closed up nearly 2% or 136.22 points at the level of 7,184.44.

A total of 494 stocks rose, 224 fell, and 240 remained unchanged. Trading value today began to pick up, although it still did not match the average daily trading value at the beginning of the year.

Trading value was recorded at Rp 16.44 trillion, involving 29.99 billion shares in 1.99 million transactions. Market capitalisation was pulled up to Rp 12,650 trillion.

Citing Refinitiv, all sectors were in the green zone. Utilities, basic materials, and non-primary consumer sectors led the gains, rising 4%, 3.66%, and 3.09% respectively.

Several conglomerate stocks supported the IHSG. Impack Pratama (IMPC), which rose 21.6% and contributed 10.17 points, became the stock with the largest weight.

This was followed by Telkom (TLKM) contributing 9.48 points, Barito Renewables Energy (BREN) 9.26 points, Dian Swastatika Sentosa (DSSA) 8.95 points, and Bumi Resources Minerals (BRMS) 7.48 points.

In the region, Asia-Pacific stock exchanges also uniformly strengthened. South Korea’s Kospi soared 8.44% and Japan’s Nikkei surged 5.24%. Then Australia’s ASX200 rose 2.24% and Hong Kong’s Hang Seng gained 2.04%.

Market pressure eased today following statements from US President Donald Trump, who said on Tuesday local time that the war with Iran might end in two or three weeks. He also said it was the responsibility of other countries to secure the vital oil shipping route through the Strait of Hormuz.

Trump, speaking to reporters in the Oval Office, said the US would leave Iran “soon”, possibly in “two weeks, maybe three weeks”. “But we are finishing this job,” he stressed.

“We want to destroy everything they have,” Trump said before adding that “there is a possibility we will make a deal before that”.

Additionally, the White House announced that Trump would address the nation at 9:00 p.m. on Wednesday “to provide an important update on Iran”.

However, it should be noted that Trump has previously been inconsistent in his stance on whether Washington plans to escalate the war that has disrupted the global economy, mentioning possible deployment of US ground troops or attempting to end it through negotiations with Tehran.

In the latest development, Iran’s Foreign Minister Abbas Araghchi confirmed that his side has exchanged messages with the United States, both directly and through regional countries, amid the ongoing US-Israel war against Iran.

In an interview with Al Jazeera on Wednesday (1 April 2026), Araghchi emphasised that the contact with the US does not mean Tehran is engaged in formal negotiations with Washington.

“I received a message from US special envoy Steve Witkoff directly, as before, and this does not mean we are in negotiations,” Araghchi said.

Domestically, the government has announced policies to anticipate the spillover effects of the conflict 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 said 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,” Airlangga said during a live press conference from Seoul on Tuesday (30 March 2026).

Nevertheless, the market is still shadowed by challenges from the energy sector. The government has assured that non-subsidised fuel oil (BBM) 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 March 2026) emphasised that the government will not raise non-subsidised BBM prices as of 1 April 2026.

“Regarding Pertadex or high-quality diesel fuel, 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 also review according to world developments,” Bahlil said during a press conference on Tuesday (31 March 2026).

On the same occasion, Bahlil also assured that domestic energy supplies are still in a safe condition. He stated that reserves of BBM, including diesel, petrol, avtur, and LPG, are currently above the national minimum standards.