Jakarta. Indonesia’s benchmark stock index opened higher on Monday, tracking gains on Wall Street and easing concerns over global oil prices as investors monitored developments in US-Iran negotiations and awaited key US economic data.

Jakarta Composite Index (JCI) rose 25 points, or 0.40%, to 6,187 in early trading, moving within a range of 6,187 to 6,224.

In the opening minutes, trading volume reached 2 billion shares with turnover totaling Rp 1.28 trillion ($72.2 million) across more than 151,000 transactions. Gainers outpaced losers 337 to 179, while 192 stocks were unchanged.

Brokerage firm Phintraco Sekuritas said global sentiment remained the market’s primary focus. Wall Street indexes closed higher on Friday and booked weekly gains.

“The gains were driven by indications of progress in Middle East peace efforts as well as positive earnings reports from major companies such as NVIDIA Corporation and Walmart,” Phintraco Sekuritas wrote in a research note on Monday.

The brokerage added that markets had previously come under pressure from a surge in US Treasury yields amid concerns over inflation and prolonged high interest rates. Those worries eased somewhat after oil prices corrected following reports of negotiations between the US and Iran to end the conflict.

Phintraco Sekuritas also noted that the University of Michigan consumer sentiment index fell to 44.8 in May from 49.8 in April, marking the lowest level on record and reflecting growing public anxiety over inflation.

Markets are also closely watching the latest developments in the Middle East after US President Donald Trump said a deal to reopen the Strait of Hormuz was being prepared.

Iranian media, however, denied the claim and said shipping activity through the strait remained under Iran’s supervision.

According to Phintraco Sekuritas, developments in US-Iran negotiations and their impact on oil prices are expected to continue influencing global markets in the coming days.

“Investors are also awaiting several key US data releases, including the PCE Price Index, durable goods orders, and the second estimate of US first-quarter 2026 economic growth,” the brokerage said.

On the domestic front, Phintraco Sekuritas said investors were anticipating the upcoming MSCI rebalancing at the end of the month amid a shorter trading week. Market participants also remained cautious due to uncertainty surrounding the implementation of several new government policies.

Meanwhile, BRI Danareksa Sekuritas said investors were still monitoring developments related to the government’s proposed centralized export regulation for strategic commodities, particularly regarding its mechanism and implementation, which continue to draw differing interpretations from various parties.

Across the region as of 8:58 a.m. Jakarta time, Japan’s Nikkei 225 jumped 3.24%, while China’s Shanghai Composite Index gained 0.57%.

Markets in South Korea and Hong Kong were closed for national holidays.

On Friday, US stocks closed higher, with the S&P 500 rising 0.4% and moving closer to its record high reached last week. The Dow Jones Industrial Average climbed 294 points, or 0.6%, while the Nasdaq Composite added 0.2%.

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