JAKARTA, The Shiro Corp - The Composite Stock Price Index (IHSG) today weakened and moved into the red zone during the early trading session of the Indonesia Stock Exchange (BEI), Tuesday (18/8/2025). Meanwhile, the Garuda currency weakened this morning in the spot market.
According to RTI data, at 09.02 WIB, the IHSG was moving at 7,886.70, or down 11.66 points (0.15 percent) compared to the previous closing level of 7,898.37.
260 stocks moved to the green zone and 173 stocks moved to the red zone. Meanwhile, 200 other stocks remained stagnant. The transaction value so far has reached Rp 1.12 trillion with a volume of 1.78 billion shares.
Maximilianus Nico Demus, Director of Research and Investment at Pilarmas Investindo Sekuritas, said that the stock and bond markets have entered a new chapter after the IHSG touched the level of 8,017 last week.
Along with that, the yield of Government Securities (SUN) has also reached 6.37 percent. Although full of volatility, IHSG and the bond market have shown their performance.
Among the sentiments that need attention are the potential for peace between Ukraine and Russia, which is currently ongoing. In addition, an agreement between the US and China is also expected to be achieved within 90 days.
Meanwhile, the stable US inflation with potential to rise is overshadowed by stable employment data that tends to weaken.
Another sentiment to note is the potential for a decrease in the US Federal Reserve's benchmark interest rate in September.
"Based on technical analysis, we see the IHSG potentially weakening slightly with support and resistance levels between 7,800–8,000," he said in his analysis on Tuesday (19/8/2025).
Meanwhile, the Asian market opened mixed today, with Strait Times rising 0.05 percent (1.98 points) at level 4,195.14. Shanghai Composite rose 0.12 percent (4.55 points) at level 3,732.58.
Meanwhile, Nikkei fell 0.04 percent (17.8 points) to level 43,696.50 and Hang Seng fell 0.23 percent (57.29 points) to level 25,119.55.
Rupiah
As for the exchange rate of the rupiah against the US dollar in the spot market this morning has weakened.
According to Bloomberg data, at 09.08 WIB, the rupiah was at a level of Rp 16,230 per US dollar, or weakened 0.19 percent compared to the previous closing of Rp 16,198.5 per US dollar.
Currency analyst from Doo Financial Futures, Lukman Leong, said that the rupiah is expected to weaken against the US dollar.
The reason is that the US dollar started to rebound due to expectations of a hawkish speech from Federal Reserve Chair Jerome Powell in several occasions this week.
Meanwhile, some of the most anticipated ones are the Federal Open Market Committee (FOMC) statements from The Fed and speeches from Jackson Hole.
"Today's Rupiah exchange rate range is between 16,150-16,250," he said.
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