Rupiah and Global Oil Prices Pose Major Challenges for IHSG, Check This Week's Stock Recommendations

JAKARTA, KOMPAS.com - The movement of the Composite Stock Price Index (IHSG) faced significant pressure in the last week, in line with global and domestic sentiments weighing on the market.

The IHSG closed at the level of 7,026, weakening by around 0.99 percent on a weekly basis at the close of trading on Thursday (2/4/2025), following the national holiday for Good Friday.

Amid this weakening, foreign investors recorded a net selling action of Rp 2.8 trillion in the regular market, indicating increasing pressure on risk assets in the domestic market.

From the global side, escalating geopolitical tensions became the main concern. Statements by the President of the United States, Donald Trump, indicating readiness to carry out attacks against Iran triggered concerns in the global market.

“As a result, high uncertainty has emerged, so risk assets like stocks in emerging markets, including the IHSG, are likely to face short-term selling pressure,” said David in a press statement on Sunday night (5/4/2026).

Meanwhile, from within the country, government policies related to the implementation of the B50 biodiesel programme also drew attention.

The Coordinating Minister for the Economy, Airlangga Hartarto, previously announced an increase in palm-based biodiesel blending to 50 percent starting 1 July 2026, from the previous 40 percent.

Entering the trading period of 6-10 April 2026, investors are urged to pay attention to the movement of the rupiah exchange rate and global oil prices, which are considered crucial factors for the direction of the IHSG.

“Indonesia’s current economic condition is facing a heavy test due to a combination of surging global oil prices and a fairly drastic weakening of the rupiah exchange rate,” he explained.