In trading on Thursday morning (15/05), the Composite Stock Price Index (IHSG) successfully breached the psychological level of 7,000, up 1.27% to the level of 7,068. With 245 stocks strengthening, 93 weakening, and 228 stagnant, the IHSG recorded the most solid performance compared to major Asia-Pacific exchanges.
Not only in terms of performance, transaction volumes are also attracting attention: reaching Rp755 billion with 1.2 billion shares changing hands in nearly 56 thousand transactions — indicating a fairly strong market euphoria amid regional pressure.
Asia Weakens, Indonesia Resilient
While the IHSG is on the rise, major Asian exchanges are actually declining:
Nikkei 225 (Japan): down 1.11%
Topix (Japan): down 0.97%
Kospi (South Korea): down 0.36%
Kosdaq (South Korea): down 0.50%
Only the S&P/ASX 200 (Australia) rose slightly by 0.21%
This regional pressure occurred after the euphoria of easing trade tensions between the US and China began to fade. Global investors seem to be holding back, including on Wall Street, where stock index futures appear to be weakening. Previously, the S&P 500 rose slightly by 0.10%, the Nasdaq Composite strengthened by 0.72%, but the Dow Jones corrected by 0.21%.
Rupiah Weakens Slightly, Direction of Global Capital Unclear
In terms of exchange rates, the rupiah was observed to weaken slightly to Rp16,537 per US dollar, down 0.15% from the previous close. This indicates that foreign capital flows are still in a wait-and-see phase towards emerging markets, including Indonesia.
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What Does This Mean for Investors and the Crypto Community?
The positive performance of the IHSG amid this global pressure is a strong signal for both local and foreign investors. Confidence in Indonesia's economic fundamentals is starting to recover, and this could be a magnet for fund flows, including into the crypto sector.
When global market volatility is high, many traders and investors switch to alternative assets — including Bitcoin (BTC), Ethereum (ETH), and popular altcoins like Solana (SOL) or Cardano (ADA). It is not surprising that regional crypto trading volumes are starting to increase, along with rising market confidence in domestic economic stability.
Is it time to take advantage of the IHSG momentum to diversify the portfolio into stocks and crypto simultaneously?
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Conclusion: The IHSG is now not only a symbol of the strength of Indonesia's capital market but also an indicator of investor confidence that could impact the crypto market. With this momentum, smart investors may seek broader opportunities across various assets — from blue-chip stocks to emerging digital assets.