IHSG Rebounds Amid Signals of Geopolitical De-escalation and Softer Global Oil Prices

The Jakarta Composite Index (IHSG) on the Indonesia Stock Exchange (IDX) recorded a significant recovery in Tuesday’s trading (March 10). After experiencing heavy pressure at the start of the week, the domestic index opened sharply higher today, responding to easing geopolitical tensions in the Middle East and a correction in global crude oil prices.

Market Performance Today

At the market opening at 09:00 WIB, the IHSG immediately jumped to 7,460.73, rising about 1.68% or 123 points from the previous close of 7,337.36. Through the middle of the first trading session, gains remained solid, driven largely by buying activity in large-cap (blue-chip) stocks and the banking sector.

Exchange data showed that more than 400 stocks traded in the green, while total transaction value was relatively strong. Analysts believe this rise represents a technical rebound after the market entered an oversold condition due to fears of armed conflict last week.

Impact of Geopolitics and Oil Prices

Today’s positive market sentiment was supported by a statement from U.S. President Donald Trump, who signaled that military confrontation with Iran could end sooner than previously expected. This signal of de-escalation eased market concerns about potential disruptions to energy distribution through the Strait of Hormuz, a critical route for about 20% of global oil supply.

Alongside the easing political tensions, global crude oil prices—which briefly reached the psychological level of US$118 per barrel on Monday—have now fallen by more than 6%.
Brent crude dropped to around US$92.45 per barrel, while West Texas Intermediate (WTI) declined to US$88.65 per barrel.

“The decline in oil prices is a relief for the Indonesian stock market. It reduces concerns about the burden of energy subsidies in the state budget as well as inflation risks that could weaken household purchasing power,” said a senior analyst from a leading securities firm.

Outlook and Recommendations

Despite the IHSG’s positive performance, market participants are still advised to remain cautious amid persistently high volatility. Investor attention is now gradually shifting toward domestic economic data, including the Consumer Confidence Index (CCI) and Indonesia’s real sales figures.

From a technical perspective, the IHSG is projected to move within a support level of 7,250 and a resistance level of 7,515. Financial sector stocks and energy commodity companies remain attractive picks as markets continue adapting to rapidly evolving global dynamics.