11 May 2026
Market Summary:
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Global Equity:Global Equity: another strong week driven by the AI-related mostly seen in Asia Pacific (+5.6% WoW) and Nasdaq (+4.51%).
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Domestic Equity: Domestic Equity: Indonesia initially staged a recovery early in the week but ended the week flat at +0.18% WoW. Foreign recorded net outflow : IDR 2.4tn WoW in regular market.
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Domestic Bond Market: Domestic Bond Market: SBN 10Y yield stood at 6.60% vs 6.85% prev. week. Foreign net inflow : IDR 690bn WoW (6/5)
Key News of The Week:
- Iran-US tensions escalated despite the US ceasefire and Strait of Hormuz reopening proposal delivered to Iran on Wednesday, May 6.
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US economy data showed divergence as nonfarm payroll in April rose by 115k above expectation and the unemployment rate remained stable at 4.3% however consumer sentiment deteriorated with Univ. of Michigan Consumer Sentiment falling to 48.2 in early May.
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At the same time, US corporate earning remained strong, with ~84% of S&P500 company beating expectations and earnings growth projected at >20%YoY, driven by AI-related technology and energy.
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Indonesia’s GDP grew 5.61% YoY in 1Q26, driven by household expenditure and a record 21.8% surge in government spending.
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The rupiah is decline to 17,378/ dollar with FX reserves fell to USD146.2Bn in April 2026, a two-year low, prompting BI to intervene while the Finance Minister planned to activated a bond stabilization fund.
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The Indonesian govt proposed raising royalty rates on copper, gold, and tin to capitalize on higher metal prices and boost state revenue.
Our View
Next week market will watch Iran response to US proposal and Trump-Xi summit in Beijing. On US CPI, economists expect +0.6% MoM, Fed officials signaled caution on rate cuts and expressed concerns about stagflation scenario.
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 | -12.17% | -19.40% |
| LQ45 | -16.97% | -20.01% |
| EQUITY | ||
| MITRA A | -8.68% | -12.50% |
| MICB A | -7.38% | -9.30% |
| ASEAN5 | -8.97% | -13.04% |
| MGSED | +10.16% | +13.17% |
| INDEX | ||
| FTSE ESG A | –11.55% | –14.48% |
| ETF | ||
| XMLF | -15.12% | –18.07% |
| BALANCED | ||
| MISB | –3.80% | –5.88% |
| MIA | –8.43% | -8.16% |
| FIXED INCOME | ||
| MIDU A | -0.80% | -1.06% |
| MIDO2 | -1.41% | –1.77% |
| IDAMAN A | –0.72% | -0.94% |
| MONEY MARKET | ||
| MIPU A | +0.99% | +0.85% |
| MMUSD | +0.98% | +0.88% |
*The data above is as of May 8th, 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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