06 April 2026
Market Summary:
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Global Equity:Markets rebounded on the back of prospect of the war in Iran ending.S&P500 +3.4% WoW
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Domestic Equity:JCI is still plagued by geopolitical and inflationary fear from the Iran War. JCI -0.99% WoW while the large cap IDX80 is more defensive with -0.5% WoW. Foreign recorded net outflow of IDR 2.9tnWoW on the back of new IDX disclosure on ownership.
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Domestic Bond Market: Indonesia 10Y yield rebounded 6.65% driven by rupiah resiliency. Foreign recorded net inflow of IDR 1.8tn WoW
Key News of The Week:
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Donal Trump suggested that America would end the conflict with Iran within “two or three weeks”, whether or not a peace deal was reached. Trump threatened strikes to Iran’s energy and public infrastructure if a deal is not reached.
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War burden startles US market with consumer confidence survey while still coming above expectations, highlights anticipating of higher inflation in incoming months. JOLTS job openings also weakened to 6.88mn which came below consensus.
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Indonesian Government start taking extraordinary measures to face increasing oil prices. Policies include WFH for public service, budget cuts for travel and meetings, and efficiency in MBG. This is estimated to save IDR 152-161 tn which could be reallocated for energy subsidy that was estimated to be an additional 90-100 tn to maintain fuel prices.
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Indonesian economy normalized in Mar 2026 with CPI +3.48% YoY from low base electricity discount. PMI also declined to 50.1, lowest since Jul 2025. Trade surplus was weaker than expected with 1.27bn surplus in March.
Our View
Product recommendation:
RD MISB, RD MMUSD, RD IDAMAN, RD MIDU, RD MIDSYA, RD MGSED, RD MASED, RD FTSE, ETF LQ45, ETF SRI Kehati, MICB.
Discover a detailed analysis of this week’s market performance in our comprehensive Weekly Market Recap: Read More
| PRODUCT | 3M PERFORMANCE | YTD PERFORMANCE |
|---|---|---|
| JCI | -19.68% | -18.74% |
| LQ45 | -16.13% | -15.59% |
| EQUITY | ||
| MITRA A | -11.58% | -10.45% |
| MICB A | -9.70% | -9.02% |
| ASEAN5 | -11.89% | -10.78% |
| MGSED | -1.53% | -1.02% |
| INDEX | ||
| FTSE ESG A | -13.99% | -13.83% |
| ETF | ||
| XMLF | -15.09% | -14.53% |
| BALANCED | ||
| MISB | -6.11% | -5.19% |
| MIA | -7.10% | -6.83% |
| FIXED INCOME | ||
| MIDU A | -1.18% | -1.44% |
| MIDO2 | -1.71% | -2.06% |
| IDAMAN A | -2.15% | -2.37% |
| MONEY MARKET | ||
| MIPU A | +0.78% | +0.65% |
| MMUSD | +0.72% | +0.62% |
*The data above is as of April 3rd, 2026
For More Information
Contact Mandiri Investasi – (021) 526 3505
Email Mandiri Investasi – [email protected]
Mandiri Investasi – mandiri-investasi.co.id
DISCLAIMER
The information and opinions expressed in this article are for general informational purposes only and are not intended as specific advice or recommendations for any individual, security, or investment product. The content is meant to provide education about the financial industry. Opinions and views presented may change without prior notice. All performance data and investment returns mentioned in this article should not be used as a guarantee or basis for decisions to buy or sell any securities. The data reflects historical performance and does not guarantee future results. Investing in mutual funds carries risks. Investors are advised to carefully read and understand the prospectus before making any investment decisions.
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