25 March 2026
Market Summary:
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Global Equity: Markets corrected for most of the week before rebounding on prospect of US-Iran negotiations. S&P500 -1.14 WoW. Asia Pacific was worst hit with MSCI APAC -1.95%.
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Domestic Equity: Short week during Lebaran holiday prompted profit taking with JCI -0.43% WoW and IDX80 -1% WoW. Foreign inflow was IDR 343 bn during the period 16-17 March 2026.
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Domestic Bond Market: IndoGB corrected to 6.8% due to further fears of fiscal deficit from rising oil prices. Foreign outflow was IDR 840 bn during the period 16 March 2026.
Key News of The Week:
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Supply shock hit global markets with major markets Flash PMI showing sharp downturn. Most Developed Market PMI showed a drop of 2-3 points MoM. However, global PMIs still maintained in expansionary territory.
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The US signaled it was negotiating with Iran with President Trump stating “great conversations” with Iran. Iran denied negotiations with the US and instead elected a new intelligence chief with a hardline stance on the conflict.
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Tensions remain high as Iran continues strikes on neighboring countries while Israel continues aggression on Lebanon and Iran. Other Gulf countries are said to consider joining the conflict, opening risks of broader regional escalation.
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FOMC held key rate during the meeting on 17–18 March 2026. During the meeting, the board revised inflation expectations higher but still kept one rate cut on the table for 2026.
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Bank Indonesia also held the BI Rate in line with expectations, emphasizing the use of monetary tools to safeguard the Rupiah amid ongoing turbulence.
Our View
As the war in the Middle East continues to pose global uncertainty, the global economy is bracing for heightened inflation and potential impact on growth.
We maintain our recommendation for quality names, commodity hedges, and defensive portfolio positioning. Liquidity is preserved to capture opportunities in oversold fundamentally strong assets.
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 | -18.10% | -17.81% |
| LQ45 | -15.27% | -14.67% |
| EQUITY | ||
| MITRA A | -9.94% | -9.74% |
| MICB A | -7.88% | -8.23% |
| ASEAN5 | -10.25% | -9.98% |
| MGSED | +3.69% | +0.50% |
| INDEX | ||
| FTSE ESG A | -13.36% | -13.44% |
| ETF | ||
| XMLF | -14.65% | -14.40% |
| BALANCED | ||
| MISB | -3.24% | -3.75% |
| MIA | -6.79% | -6.51% |
| FIXED INCOME | ||
| MIDU A | -1.53% | -1.78% |
| MIDO2 | -2.44% | -2.80% |
| IDAMAN A | -0.93% | -1.30% |
| MONEY MARKET | ||
| MIPU A | +0.71% | +0.57% |
| MMUSD | +0.63% | +0.52% |
*The data above is as of March 17th, 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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