Weekly Market Recap 8 – 12 June 2026

Market Summary:

Global Equity: Global equities mostly ended the volatile week positive amidst the US-Iran conflict and peace deal optimism, the historic SpaceX IPO, a sharp mid-week AI/tech selloff, and ECB rate hike in Europe.
Domestic Equity: JCI rebound strongly by +7.38% WoW supported by local investor as foreign still recorded a net outflow of IDR 10tn across all markets this week.
Domestic Bond Market: SBN 10Y yield rose sharply to 7.42% ( +60bps WoW) with foreign outflow IDR3tn this week.

Key News of The Week:

Escalating then easing US–Iran tensions drove volatility, with oil spiking toward $90 and equities falling mid-week before a de-escalation narrative pulled oil below $85 and triggered a strong rebound in equity market by week’s end.
SpaceX raised $75bn in what became the largest IPO in history, debuting on the Nasdaq and soaring on its first day of trading.
US headline CPI rose 4.2% YoY, driven largely by energy (+23.5% YoY), jumping to over three-year highs, while core CPI increased a softer 2.9% YoY.
The ECB raised 25bps hike as expected, as inflation surged despite ongoing moderation in growth across the Eurozone.
BI raised BI-Rate by 25bps to 5.5% on Tuesday —ahead of its June 17–18 meeting — in an emergency move to support the rupiah.
Indonesia’s FX reserves stood at USD146bn in May, remains above six months of imports.

Our View

Next week’s focus will be on the FOMC, U.S. Retail Sales, and BI Rate Meeting. Developments in the Middle East and oil prices remain crucial for the global disinflation narrative, rates path, and EM risk sentiment.

Indonesian equities continue to trade at historically depressed valuation levels following the sharp correction seen over recent weeks. While near-term market direction remains highly dependent on external sentiment, particularly Fed rates, geopolitical developments, and global risk appetite, current valuations suggest a growing disconnect between market pricing and underlying earnings expectations. We continue to view alpha generation as primarily driven by sector allocation and stock selection. In fixed income, higher yields, returning foreign flows, and proactive policy support make duration increasingly attractive for medium‑ to long‑term investors, despite near‑term volatility.

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	-18.40%	-30.52%
LQ45	-20.47%	-29.43%
EQUITY
MITRA A	-14.06%	-21.56%
MICB A	-14.40%	-20.59%
ASEAN5	-14.64%	-22.28%
MGSED	+14.60%	+15.24%
INDEX
FTSE ESG A	-12.54%	-22.41%
ETF
XMLF	-17.62%	-26.73%
BALANCED
MISB	–12.83	-13.29%
MIA	-15.55%	-15.30%
FIXED INCOME
MIDU A	-2.42%	-2.67%
MIDO2	-4.12%	-4.46%
IDAMAN A	-1.78%	-1.99%
MONEY MARKET
MIPU A	+1.12%	+0.98%
MMUSD	+1.21%	+1.11%

*The data above is as of June 12th, 2026

For More Information

Contact Mandiri Investasi – (021) 526 3505
Email Mandiri Investasi – [email protected]
Mandiri Investasi – mandiri-investasi.co.id

DISCLAIMER‌
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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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