RRI.CO.ID, Jakarta - Indonesia’s financial markets exhibited mixed signals as the rupiah weakened toward the 17,000 level against the US dollar on Friday, 27 March 2026. At the same time, gold and global oil prices continued to move upward.

The Jakarta Composite Index (IHSG) closed lower by 0.94 percent at 7,097. Major banking stocks such as Bank Central Asia (BBCA), Bank Rakyat Indonesia (BBRI), Bank Mandiri (BMRI), and Bank Negara Indonesia (BBNI) contributed to the decline.

Large-cap banking shares faced selling pressure throughout the trading day. This reflects cautious investor sentiment in the domestic market.

Meanwhile, the Indonesian rupiah weakened to around 16,960 per US dollar. This level is close to a key psychological level in currency markets.

Indonesia’s stock market performance slightly contrasted with other Asian markets, which mostly ended the day higher. This indicates that domestic factors played a strong role in market movements.

Reports about two oil tankers involving Pertamina in the Strait of Hormuz also affected market sentiment. This situation added uncertainty for investors toward the end of the week.

Global crude oil prices continued to rise, with Brent reaching around 109.7 US dollars per barrel. Rising energy prices are often seen as a negative factor for equity markets.

At the same time, gold prices increased, reaching around 4,432 US dollars per ounce or about 2.4 million rupiah per gram. This reflects stronger demand for safe-haven assets during uncertain times.

Overall, these developments underscore how global and domestic factors influence Indonesia’s financial markets. They also show the importance of stability and resilience in navigating global economic challenges.

Writer: Gunawan Benjamin (Economist, Islamic University of North Sumatra)