As markets prepare to reopen after the long Eid holiday, many investors are starting to ask the same question: What’s going to happen to the Composite Stock Price Index (IHSG)? If you’re feeling uncertain about what lies ahead, you’re definitely not alone. There’s been a lot of talk about where the market is heading—especially after noticing how Asian stock exchanges performed while Indonesia was on break.
Before the Eid holiday started, on Thursday (April 27, 2025), the IHSG closed at 6,510.62, climbing slightly by 0.59% in a single trading day. But looking at the broader picture, it’s clear that things haven’t been so smooth—year-to-date, the index has slipped by 8.04%. That’s quite a dent, and it’s enough to make any investor cautious.
Global Pressures Are Building: Trade Tensions Take Center Stage
One of the biggest things currently casting a shadow over the IHSG is global trade uncertainty. The recent move by the United States to hike import tariffs has reignited fears of a trade war. For Indonesia and other emerging markets, this isn’t great news. Why? Because policies like these tend to ripple across the global financial system.
When the U.S. raises tariffs, it doesn’t just impact the countries directly involved. It stirs up anxiety among global investors, who start shifting their money to what they believe are “safer” assets. As a result, we see pressure on stock indexes like the IHSG, especially in markets that are more vulnerable to global sentiment.
Also worth noting: while Indonesia was taking a breather for the Eid holiday, most Asian stock markets were swimming in red. Investors there reacted quickly to global news, which adds to the concern that when the Indonesia Stock Exchange (IDX) opens again, local markets might follow the same downward trend.
Looking Ahead: What Should Investors Do Next?
So, what can you do about it?
The best approach right now is to stay informed and be strategic. The next few weeks could be rocky as the market adjusts post-holiday. Keep an eye on both global news (especially updates from the U.S. and China) and local economic data. These will give you clues about where the IHSG might be headed.
It’s also wise to review your portfolio and identify which stocks or sectors are more vulnerable to global pressure. For instance, companies that rely heavily on exports might face tougher times ahead if international trade slows down. On the flip side, domestic-focused sectors might offer more stability.
Additionally, be patient. Corrections like this are part of the market cycle. While short-term volatility may feel uncomfortable, long-term investors often find opportunities in downturns—especially those who don’t panic.
Final Thoughts: Don’t Let Fear Drive Your Decisions
The movement of the IHSG after the long Eid holiday is certainly something to watch closely, but don’t let uncertainty drive you into making rash decisions. Market fears and global tensions are real, but history shows us that recovery is also a natural part of the investment journey.
As always, a diversified portfolio, a calm mindset, and a clear understanding of your financial goals will help you weather the storm. So, while the ride may be bumpy in the short term, there’s still a lot of potential on the horizon—if you’re prepared for it.