09 March 2026
Market Summary:
-
Global Equity: Markets experienced broad correction after geopolitical tension pushed oil higher.
-
Domestic Equity: Indonesian market took a deep correction through a mix of geopolitical tension and Fitch downgrade on Indonesia. Foreign inflow was IDR 2.2tn.
-
Domestic Bond Market: : IndoGB corrected to 6.6% due to fears of fiscal deficit from rising oil prices. Foreign outflow was IDR 1tn
Key News of The Week:
-
Fighting intensified in Iran as Iran fired drones and missles at Israel and across the region. Some of the targets hit Oman, Dubai, and American embassy in Riyadh. Additionally it striked vital oil and gas infrastructure in the region.
-
China set a decades-low growth target with target growth of 4.5%-5% in 2026 on account with the country’s property slump.
-
Fitch has lowered its outlook on Indonesia to “negative” citing policy uncertainty. Fitch warned that the sovereign rating could be at risk if macroeconomic vulnerabilities or the fiscal deficit rose sharply and if foreign exchange reserve buffers dropped.
-
Economic improvement began to materialize. Feb’26, adjusted M0 growth hit +18.32% YoY (prev: +14.74%), the highest level since Sep’25. It also marked six consecutive months of double-digit figure.
-
IDX starts disclosure of entities that owns >1% of a company, this move is done to increase granularity of free float calculation.
Summary & Recommendation
A prolonged tension in Iran would keep oil prices elevated for longer and in turn prolong inflation. We maintain our recommendation for quality names and commodity hedges in energy and selected metals.
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 | -12.13% | -12.27% |
| LQ45 | -8.41% | -8.33% |
| EQUITY | ||
| MITRA A | -4.84% | -6.35% |
| MICB A | -3.66% | -5.17% |
| ASEAN5 | -5.06% | -6.43% |
| MGSED | +2.04% | +2.00% |
| INDEX | ||
| FTSE ESG A | -9.26% | -8.95% |
| ETF | ||
| XMLF | -7.98% | -8.21% |
| BALANCED | ||
| MISB | +0.65% | -1.62% |
| MIA | -3.02% | -4.53% |
| FIXED INCOME | ||
| MIDU A | -0.07% | -0.49% |
| MIDO2 | -0.67% | -1.16% |
| IDAMAN A | -0.90% | -1.01% |
| MONEY MARKET | ||
| MIPU A | +0.81% | +0.52% |
| MMUSD | +0.64% | +0.46% |
*The data above is as of March 9th, 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.
Share It :
Written by
Leave a Reply