Jakarta markets experienced a mixed day of trading on January 26, 2026, as investors reacted to global geopolitical concerns and shifting economic forecasts. While gold prices reached record highs amid international uncertainty,trading volume across several key sectors remained moderate.This daily market report from Stockbit provides a snapshot of performance across the Indonesian Stock exchange (IDX), commodities, and corporate developments, offering insight into the factors influencing investor sentiment.
Daily Market Performance 🚀
Table of Contents
 IHSG |
 Foreign Flow |
 Kurs USD/IDR |
 Gold |
| 8.975 +0,27% | +Rp422,2 billion | 16.780 -0,25% | 5.089 +2,19% |
 Oil |
 Coal |
 CPO |
 Nickel |
| 65,0 -0,08% | 111,4 -0,93% | 4.235 +1,44% | 18.756 +4,22% |
Stockbit Insights
Gold prices surged to a record high on Monday, January 26th, briefly climbing over $2,000 per ounce before settling at $2,080. The year-to-date increase now exceeds 17%, largely driven by investor flight to safety amid concerns about currency debasement and U.S. government debt.
Investor anxieties surrounding recent controversial statements by former President Donald Trump are contributing to the rally. These include threats to the independence of the Federal Reserve, discussion of acquiring Greenland, and potential military intervention in Venezuela. Most recently, Trump stated last week that the U.S. has an ‘armada’ heading towards Iran, reiterating warnings to the Iranian government. Additionally, Trump on Saturday, January 24th, indicated he would impose a 100% tariff on Canada if it proceeds with a trade deal with China.
Currently, investors are awaiting Trump’s decision regarding the next Federal Reserve chair, as Jerome Powell’s term is set to expire in May 2026. Trump claimed last week he has already interviewed candidates and has made a selection. The appointment of a dovish Fed chair could increase expectations for further interest rate cuts this year, potentially benefiting gold.
Key Takeaway
Following the year’s gains in gold prices, Goldman Sachs on Wednesday, January 21st, raised its gold price forecast from $1,900/oz to $2,400/oz by the end of 2026, based on continued asset diversification by the private sector and emerging market central banks into gold. Goldman Sachs projects global central banks will purchase an average of ~60 tons per month throughout 2026 as the trend of emerging market central banks diversifying reserves into gold is expected to continue.
Corporate Updates
- $DEWA: Pefindo on Monday, January 26th, assigned an idA rating with a stable outlook to Darma Henwa. Based on unaudited financial data provided to Pefindo, DEWA reported a net profit of Rp247.6 billion during the first nine months of 2025, with EBITDA of Rp1.3 trillion and revenue reaching Rp4.7 trillion. As of now, DEWA has not released its financial statements for the nine-month period as they are still undergoing an audit. Previously, DEWA Director Ricardo Silaen stated the company expects to release its nine-month 2025 financial report by the end of January or early February 2026.
- $BUMI: Bumi Resources plans to issue a continuous bond IV in 2026 totaling approximately Rp612.8 billion with a fixed interest rate of 7.25% per year and a term of 3 years. The proceeds will be used to accelerate the repayment of all loan principal owed to Indies Special Opportunities III Ltd. and Indies Special Opportunities IV Ltd. totaling approximately $20.5 million or Rp347.3 billion, with the remainder for working capital. These bonds have received a rating of idA+ from Pefindo, with the public offering scheduled for February 9–13, 2026.
- $ENRG: Energi Mega Persada, through its subsidiary PT Imbang Tata Alam, has discovered oil from one of its latest exploration wells in the Malacca Strait work area, Riau. According to initial evaluation, the estimated original oil in place from this discovery is approximately 31 million barrels of oil with potential additional production of around 1,000–1,500 barrels per day, but seismic response evaluation suggests the potential resources around the discovery still hold more than 76 million barrels of oil that will be the target of subsequent exploration campaigns.
- $PGEO: Pertamina Geothermal Energy announced it has won the selection for the preliminary survey assignment and exploration of the Cubadak Panti geothermal area in West Sumatra, which is estimated to have a geothermal reserve potential of 77 MW.
- $ELPI: Secretary of Pelayaran Nasional Ekalya Purnamasari, Wawan Heri Purnomo, said that the company is targeting revenue of around Rp1.1–1.3 trillion in 2026 (vs. annualized 9M25: Rp1 trillion). This target is set conservatively considering the Indonesian economic conditions, fluctuations in the U.S. dollar exchange rate, and global geopolitical developments. To support this target, ELPI is budgeting capital expenditures of Rp758 billion in 2026, which will be focused on strengthening operational capacity and developing sustainable businesses. Previously, ELPI announced it had won a tender for the provision of marine fleet charter worth Rp2.39 trillion with a charter period of up to 18 years from the Genting group to support Genting’s floating liquefied natural gas (FLNG) project in Bintuni Bay, West Papua.
- $CBDK: Bangun Kosambi Sukses announced it has injected capital of Rp250 billion into its subsidiary, PT Industri Pameran Nusantara, through a new share issuance. This transaction is intended to support the operation and further development of facilities for meetings, incentives, conferences, and exhibitions (MICE) through Nusantara International Convention & Exhibition (NICE), which has been operational since August 2025.
- $PTMP: Mitra Pack and Master Print ($PTMR) plan to hold an Extraordinary General Meeting of Shareholders on March 3, 2026 to seek shareholder approval for several planned transactions, including: 1) the sale and transfer of PTMP’s entire 76.42% stake in PTMR to Deep Source Pte. Ltd.; 2) the purchase of fixed assets owned by Director Ardi Kusuma, valued at Rp37.4 billion by PTMP; 3) the purchase of assets and liabilities of PTMR valued at approximately Rp102.2 billion by PTMP; 4) a change in PTMR’s business activities to a holding company; and 5) the acquisition of a 49% stake in PT Samudera Layar Nusantara, a company engaged in domestic sea freight for goods, by PTMR.
- $ULTJ: Kontan reported that the Ministry of Industry claims Ultrajaya Milk Industry & Trading Company is investing Rp1.14 trillion to strengthen the supply of ultra-high temperature (UHT) milk for the Free Nutritious Food (MBG) program. Since December 8, 2025, ULTJ has been operating its new factory in the MM2100 Industrial Estate, Cibitung, Bekasi Regency. The factory will have 3 UHT milk production lines with 125 ml and 200 ml packaging designed to support the fulfillment of the MBG program’s needs. The addition of production lines is planned for March 2026.
Top Performers 🔥
 $ELSA |
 $ANTM |
 Michael Brown - Business EditorBio: Michael Brown is the Business Editor at Headlinez.News, specializing in financial markets, economic policy, and corporate developments. A seasoned business journalist with more than 14 years in the field, Michael has covered Wall Street, global trade, and the evolving tech-economy interface. His data-driven approach and accessible analysis help readers understand complex economic issues with clarity and depth. Expertise: Financial markets, economic poli
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