30 March 2026
Market Summary:
-
Global Equity:Markets corrected on the back of continued uncertainty on the war on Iran. S&P500 -2.1% WoW and the tech heavy Nasdaq -3.2% WoW due to a change in sentiment of memory demand.
-
Domestic Equity:Short week after Lebaran holiday prompted slight rebound before corrected as war dragged on. JCI -0.1% WoW while the large cap IDX80 -0.07% WoW. Foreign outflow was IDR 21tn due to crossing transaction with IDR 2 tn of normalized outflow.
-
Domestic Bond Market: IndoGB flat at 6.86%. Foreign outflow was IDR 1tn WoW
Key News of The Week:
-
Trump began negotiations process and pledged to delay strike on Hormuz until April 6. In the same time The US maintained pressure in the area with additional forces.
-
Due to this war, Trump postponed his visit to Beijing to 14-15 May.
-
Houthi Rebels joined the Iran war as the group launched missiles in Israel. The group is known for creating tension in logistics hotspot such as The Strait of Hormuz. The rebel group participation marks escalation in the war.
-
Indonesian government stressed the 3%-of-GDP budget deficit ceiling would only be breached under severe crisis conditions. Government cited strong household consumption from Eid spending to support Q1 growth optimism.
-
Google announced memory efficiency algorithm with TurboQuant. This brings prospect of less-than-expected demand for memory and AI related infrastructure.
Our View
With the Iran war going into its fifth week, global uncertainty remains high with potential war escalation bringing further risk to global economy. We remain favorable towards quality and undervalued picks and to remain deiversified.
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 | -16.09% | -17.15% |
| LQ45 | -13.45% | -13.57% |
| EQUITY | ||
| MITRA A | -7.89% | -9.03% |
| MICB A | -6.53% | -7.60% |
| ASEAN5 | -8.20% | -9.32% |
| MGSED | +0.18% | -0.03% |
| INDEX | ||
| FTSE ESG A | -11.09% | -11.89% |
| ETF | ||
| XMLF | -12.60% | -13.10% |
| BALANCED | ||
| MISB | -3.01% | -3.75% |
| MIA | -6.79% | -6.51% |
| FIXED INCOME | ||
| MIDU A | -1.53% | -1.78% |
| MIDO2 | -2.44% | -2.80% |
| IDAMAN A | -1.82% | -2.04% |
| MONEY MARKET | ||
| MIPU A | +0.71% | +0.57% |
| MMUSD | +0.63% | +0.52% |
*The data above is as of March 27th, 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