April 14, 2026 | 07:06 pm
TEMPO.CO, Jakarta - The Jakarta Composite Index (JCI) closed up by 2.19 percent or 160.5 points to 7,660 in the first session of trading on Tuesday, April 14, 2026. Continuing the strengthening at the opening of trading today, which rose by 98.61 points or 1.31 percent to the position of 7,598.
Citing data from the Indonesia Stock Exchange (IDX), the majority of indices experienced gains, except for the technology sector index (IDXTECHNO) and the consumer cyclicals sector (IDXCYCLIC). The infrastructure sector index (IDXINFRA) had the highest gain in the first session, rising by 4.97 percent.
Throughout the trading week of April 6-10, 2026, JCI recorded a significant turnaround, gaining 6.14 percent after experiencing pressure the previous week. Equity Analyst at PT Indo Premier Sekuritas (IPOT), Hari Rachmansyah, explained that this positive performance was driven by the easing of global geopolitical tensions. This follows a temporary ceasefire agreement between the United States and Iran for two weeks and the reopening of the strategic Strait of Hormuz, which became the main catalyst for improving risk sentiment in the global market.
For the week of April 13-17, 2026, Hari urged traders and investors to consider various global and domestic factors. For global sentiments, it is important to monitor the movement of key Wall Street indices, such as the S&P 500, the Dow Jones Industrial Average, and the Nasdaq Composite.
Following the latest failed negotiations between the U.S. and Iran, which did not result in a concrete agreement, these indices are predicted to face pressure again. "This situation extends global geopolitical uncertainty and increases investor concerns about the potential escalation of conflicts that can directly impact energy market stability," he said in a written statement quoted on Tuesday, April 14, 2026.
Negative sentiments mainly stem from the risk of ongoing disruption to global energy distribution, particularly through the strategic Strait of Hormuz, which remains a crucial point in the global oil supply chain. Without an agreement, the market is beginning to anticipate a tightening supply, which could push energy prices higher and potentially restrain the decline of global inflation. This would narrow the room for central banks to ease their monetary policy in the near future.
Another sentiment is the expectation in the market that the U.S. Federal Reserve (The Fed) will adopt a hawkish monetary policy. In line with the persistently high energy-based inflation risk. This condition could keep U.S. bond yields high, putting additional pressure on risky assets, particularly growth-based stocks sensitive to interest rates.
According to Hari, overall, these dynamics are prompting global investors to revert to a short-term risk-off stance. "With the potential for a rotation into safe-haven assets such as the U.S. dollar and energy commodities," he said. Market volatility is expected to remain high in the coming week, with the direction of movement highly dependent on further developments of geopolitical negotiations and signals of global monetary policy.
Additionally, domestic dynamics are expected to be influenced by two main catalysts: the potential adjustment of non-subsidized fuel prices and efforts to stabilize the rupiah's exchange rate, which is currently under pressure at 17,000 against the U.S. dollar.
Read: Rupiah Weakens as US Threat to Expand Blockade to Gulf of Oman
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