18 May 2026
Market Summary:
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Global Equity: Mostly corrected as Asia pacific down -1.73% WoW, EU -1.42% WoW while S&P slipped from record high on Friday but still posted weekly gain +0.13% WoW.
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Domestic Equity: JCI down by -3.53% in the shortened week. Foreign recorded net outflow : IDR 3.2tn WoW in all market.
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Domestic Bond Market: SBN 10Y yield stood at 6.69% vs 6.6% prev. week. Foreign net inflow : IDR 3.89tn WoW (12/5)
Key News of The Week:
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US April headline CPI rose to 3.8%YoY while headline PPI jumping 6.0% YoY. Fed Funds futures repriced: markets moved from three cuts to only one by year-end.
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Kevin Warsh was confirmed as the new Fed Chair on Wed. Market is closely watching for signals on his approach to Fed independence, inflation tolerance, and his relationship with the Trump administration.
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The Trump-Xi Beijing summit concluded with both leaders signalling commitment to stable bilateral relations, including potential increases in Chinese purchases of U.S. agricultural and energy products.
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MSCI’s May-26 review retained Indonesia in the EM index with reduced weight as it remove six large-cap stocks — AMMN, BREN, TPIA, DSSA, CUAN, and AMRT — alongside several small-cap deletions. This will be effective as of close of 29 May 2026.
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The Indonesian govt delayed the planned royalty rate hikes on several mineral commodities, including copper, gold, and tin.
Our View
Key events to monitor next week include the release of the FOMC meeting minutes and Bank Indonesia’s policy rate decision. The market consensus is pricing in a 25bps rate hike to 5%, this could provide near-term support for the IDR.
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 | -18.13% | -22.25% |
| LQ45 | -20.71% | -22.59% |
| EQUITY | ||
| MITRA A | -11.25% | -13.28% |
| MICB A | -10.82% | -12.15% |
| ASEAN5 | -11.59% | -13.85% |
| MGSED | +9.84% | +13.90% |
| INDEX | ||
| FTSE ESG A | -13.31% | -16.04% |
| ETF | ||
| XMLF | -18.16% | -19.68% |
| BALANCED | ||
| MISB | -6.00% | -6.10% |
| MIA | -9.05% | -8.78% |
| FIXED INCOME | ||
| MIDU A | -0.95% | -1.20% |
| MIDO2 | -1.68% | -2.04% |
| IDAMAN A | -1.14% | -1.36% |
| MONEY MARKET | ||
| MIPU A | +1.01% | +1.41% |
| MMUSD | +1.02% | +0.91% |
*The data above is as of May 13th, 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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