Cermati Invest Weekly Update 5 Januari 2026

Ulasan Pasar

INDONESIA
Ticker W (-/+) % Price
IHSG 2.46% 8,748.13
ISSI 2.29% 215.51
IDX30 0.65% 438.85
FTSE Indonesia 0.39% 3,138.71
MSCI Indonesia 0.76% 6,403.48
US Dollar -0.21% 16,720.00

Provided by Cermati Invest, last update 2 January 2026

IHSG & Saham Pekan Ini

Indeks, sepanjang tahun 2025 IHSG naik 22.11% dan ditutup pada level 8646.94. Investor asing mencatatkan penjualan bersih (net sell) Rp17.34 triliun dari pasar saham, surat berharga dan instrumen pasar modal lainnya. Sedangkan, investor lokal mendominasi volume transaksi 2025.

Awal tahun 2026 dibuka pada level 8684.3 menguat 1.17%. Efek Januari akan berlangsung sepanjang pekan ini, area 8611.198924.53 menjadi support dan resistan bulan Januari 2026.

Saham, reli Efek Januari biasanya berlangsung sepekan, tahun ini IHSG akan segera mencari all time high baru.

Kuartal pertama tahun 2026 diperkirakan masih didominasi oleh saham-saham syariah dengan motor utama pergerakan IHSG dari sektor Transportasi, Teknologi, Energi, Industri, Basic-Industry, dan Cyclicals. Beberapa saham yang dapat diamati: AADI, NIKL, MYOR, BKSL, WIFI, AMMN, TPIA, ESSA.

Investasi Saham Sekarang!  

Pergerakan Rupiah

Pekan pertama 2026 diperkirakan nilai tukar rupiah melemah terhadap dolar Amerika hingga Rp16.892.

COMMODITY
Ticker W (-/+) % Price
Gold -4.46% 4,330.50
Silver -7.64% 71.30
Platinum -12.51% 2,148.05
Nickel 7.19% 16,755.75
Timah -5.24% 40,556.00
Aluminium 2.24% 3,023.10
Crude Oil WTI 1.02% 57.32
Palm Oil c3 F 0.00% 4,480.00
Natural Gas -17.13% 3.62
Newcastle Coal -2.29% 106.55
Copper 3.29% 12,514.95

Provided by Cermati Invest, last update 2 January 2026

Emas & Kripto

Emas, 

Awal tahun 2026 harga emas mulai naik dari US$4274 menuju US$4433.

Selain dipengaruhi nilai tukar rupiah terhadap dolar Amerika, seperti halnya pergerakan harga emas dunia, harga emas di Indonesia pekan ini juga mulai bergerak naik dari Rp2.293.000 per gramnya menuju Rp2.466.000 per gram.

Walau pada akhir tahun 2025, logam ditutup turun akibat situasi geopolitik negara Amerika—Venezuela—China, tetapi 1 tahun emas dunia naik (+)64.72%, perak (+)147.89%, dan platinum (+)126.12%. Sedangkan emas dalam negeri naik (+)70.95%. Harga emas, perak, dan platinum mencatatkan level tertinggi sepanjang sejarah pada tahun 2025.

Mulai Investasi Emas Digital Sekarang!  

Kripto,

CRYPTO
Ticker W (-/+) % Price
BTC/USD 3.79% 91,376
ETH/USD 6.62% 3,150.36

Provided by Cermati Invest, last update 2 January 2026

Memasuki tahun 2026, pasar kripto diperkirakan akan bullish.

Bitcoin (BTC), naik menuju US$94640 (R1).

Ethereum (ETH), naik menuju US$3445 (R1).

Hindari spekulasi berlebihan, gunakan analisis cermat untuk dapat melihat arah minor dan mayor pergerakan kripto. Diversifikasi dan gunakan stablecoin untuk lindung nilai menghadapi volatilitas.

Mulai Investasi Kripto di Sini!  

REGIONAL
Ticker W (-/+) % Price
Dow Jones -0.67% 48,382.39
S&P 500 -1.03% 6,858.47
FTSE 100 0.82% 9,951.14
DAX 0.82% 24,539.34
Nikkei 225 -0.74% 50,339.48
Hang Seng 2.01% 26,338.47
CSI 300 -0.59% 4,629.94
KOSPI 4.36% 4,309.63

Provided by Cermati Invest, last update 2 January 2026

Reksa Dana

Pasar reksa dana tidak kalah menarik, sepanjang tahun 2025 membukukan performa luar biasa dibanding tahun-tahun sebelumnya. Performa terbaik 1 bulan terakhir dari reksa dana pasar uang: HPAM Ultima Money Market, reksa dana pendapatan tetap: Cipta Bond, reksa dana campuranTrim Syariah Berimbang, reksa dana saham: Trim Syariah Saham, dan reksa dana mata uang dolar Amerika: Eastspring Syariah Equity Islamic Asia Pacific USD Kelas A.

Bingung cari investasi reksa dana yang aman dan menguntungkan? Cermati Invest solusinya!

Mulai Investasi Reksa Dana Sekarang!  

Surat Berharga

Selama tahun 2025, pemerintah berhasil menyerap Rp917.55 triliun melalui penerbitan SBN dengan aktivitas pembelian tinggi dari Bank Indonesia, perbankan lokal, asuransi, dan dana pensiun. Sementara pasar SBN ritel menunjukkan minat yang kuat dari investor individu. Prospek pasar Surat Berharga Negara (SBN) dan obligasi korporasi pada 2026 diproyeksikan tetap positif, seiring berlanjutnya siklus pelonggaran moneter global yang dipicu potensi pemangkasan suku bunga The Fed dan bank sentral utama dunia.

Beli Obligasi Sekarang!

Pasar Keuangan RI Awali 2026 dengan Optimisme, Sentimen Global Masih Membayangi

Pasar keuangan Indonesia kembali dibuka setelah melewati libur Tahun Baru 2026. Pada penutupan perdagangan terakhir tahun lalu, pasar keuangan domestik mulai dari Indeks Harga Saham Gabungan (IHSG), pasar obligasi, hingga nilai tukar rupiah kompak mencatatkan penguatan. Kondisi tersebut membuka peluang bagi pasar keuangan tanah air untuk melanjutkan tren positif pada awal perdagangan tahun ini. 

Sentimen pasar domestik cenderung positif seiring penguatan IHSG 1.17% didukung sektor Transportasi dan Sinyal Teknikal yang masih bullish. Meski rupiah melemah dan PMI manufaktur turun, indeks tetap ekspansif. Pasar mencermati data inflasi, neraca perdagangan, serta dinamika likuiditas perbankan dan suku bunga kredit.

Dari sisi global, pasar mencermati pernyataan Presiden AS, Donald Trump, terkait rencana pengambilalihan industri minyak Venezuela seusai menangkap Presiden negara itu, Nicolas Maduro, pada Sabtu malam waktu setempat. Meski berpotensi memicu volatilitas, dampaknya diperkirakan terbatas karena pasokan minyak global masih surplus. Harga minyak Brent tercatat di kisaran US$60,80 per barel, mendekati level terendah tahun ini.

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Performance IHSG, XAUUSD (Gold), BTCUSD (Bitcoin) & USDIDR since Jan 2025 (YtD)

Reksa Dana

                Inception  
Reksa Dana PASAR UANG NAV 1M 3M 6M YTD 1Y 3Y % Date AUM
HPAM Ultima Money Market 1698.5785 0.50% 1.36% 2.77% - 5.47% 16.00% 69.86% 10 Jun 2015 1.02 T
Insight Money Syariah 1730.2065 0.42% 1.38% 2.94% - 5.99% 17.95% 73.02% 30 Sep 2015 175.23 B
SAM Dana Kas 1505.6169 0.42% 1.21% 2.88% - 5.59% 14.32% 50.56% 10 Feb 2017 61.32 B
Setiabudi Dana Pasar Uang 1587.3901 0.42% 1.28% 2.65% - 5.49% 16.55% 58.74% 23 Dec 2016 549.68 B
Syailendra Dana Kas 1773.7745 0.42% 1.28% 2.72% - 5.34% 15.24% 77.38% 12 Jun 2015 2.64 T
BNI-AM Dana Likuid Kelas A 1998.43 0.41% 1.16% 2.58% - 5.25% 13.99% 99.84% 27 Dec 2012 681.40 B
Trimegah Kas Syariah 1500.838 0.41% 1.22% 2.54% - 5.24% 15.69% 50.08% 30 Dec 2016 1.51 T
Danakita Stabil Pasar Uang 1692.94 0.40% 1.20% 2.59% - 5.16% 15.29% 69.29% 10 Sep 2015 69.51 B
Insight Retail Cash Fund 1675.4202 0.40% 1.34% 2.75% - 6.15% 17.05% 67.54% 13 Apr 2018 14.50 B
BRI Seruni Pasar Uang Syariah 1401.7231 0.39% 1.16% 2.56% - 5.41% 16.21% 40.17% 19 Jul 2018 1.76 T
Bahana Likuid Syariah Kelas G 1267.61 0.38% 1.24% 2.51% - 5.21% 15.36% 26.76% 12 Jul 2016 499.31 B
BRI Seruni Pasar Uang III 1851.4318 0.38% 1.23% 2.57% - 5.33% 15.61% 85.14% 16 Feb 2010 3.75 T
TRIM Kas 2 Kelas A 1997.4716 0.38% 1.20% 2.49% - 5.31% 15.58% 99.75% 8 Apr 2008 7.50 T
Cipta Dana Cash 1808.65 0.36% 1.24% 2.89% - 5.92% 16.94% 80.87% 8 Jun 2015 473.85 B

Provided by Cermati Invest, last update 2 January 2026

                Inception  
Reksa Dana PENDAPATAN TETAP NAV 1M 3M 6M YTD 1Y 3Y % Date AUM
Cipta Bond 1948.6 1.31% 1.92% 4.06% - 8.55% 16.75% 94.86% 2 Jan 2019 96.37 B
BRI Brawijaya Abadi Pendapatan Tetap 1526.6028 1.26% 2.81% 6.19% - 12.51% 20.27% 52.66% 25 Feb 2019 140.88 B
HPAM Government Bond 1690.7173 1.26% 2.07% 5.12% - 10.29% 21.84% 76.57% 18 May 2016 10.07 B
Syailendra Fixed Income Fund Kelas A 2810.68 1.19% 1.32% 4.93% - 9.67% 18.90% 181.07% 8 Dec 2011 267.09 B
Eastspring Investments IDR High Grade Kelas A 1693.48 1.18% 1.66% 4.87% - 9.78% 18.80% 78.96% 9 Jan 2013 9.78 T
BNI-AM Short Duration Bonds Index Kelas R1 1112.46 1.10% 0.65% 4.71% - 10.01% 19.40% 15.65% 1 Sep 2022 186.85 B
BNI-AM Pendapatan Tetap Quality Long Duration Fund 1685.91 1.04% 2.21% 4.94% - 8.63% 17.40% 74.62% 16 Jun 2016 18.86 B
BRI Melati Pendapatan Utama 2050.7347 1.03% 1.96% 5.62% - 9.70% 18.14% 105.07% 27 Sep 2012 130.98 B
Sequis Bond Optima 1607.1132 0.96% 1.51% 4.57% - 8.94% 15.22% 60.71% 8 Sep 2016 54.23 B
Eastspring Investments Yield Discovery Kelas A 1673.85 0.95% 1.02% 4.71% - 8.97% 14.44% 72.85% 29 May 2013 102.25 B
Principal Total Return Bond Fund 2713.73 0.95% 1.99% 5.07% - 9.42% 13.46% 178.96% 21 Aug 2008 13.77 B
Eastspring IDR Fixed Income Fund Kelas A 1891.93 0.94% 1.87% 5.09% - 9.64% 18.17% 89.19% 16 Mar 2015 341.36 B
SAM Sukuk Syariah Sejahtera 2477.2169 0.74% 2.06% 5.28% - 9.89% 16.19% 160.79% 29 Oct 1997 53.35 B
HPAM Pendapatan Tetap Prima 1105.8899 0.59% 1.86% 4.60% 9.39% 8.11% 22.25% 14.56% 29 Oct 2018 792.71 B
Syailendra Pendapatan Tetap Premium Kelas A 1952.3414 0.56% 1.59% 4.42% 8.03% 8.06% 18.59% 95.23% 27 Mar 2017 2.90 T
UOBAM Inovasi Obligasi Nasional 1101.8507 0.54% 0.70% 4.74% - 8.19% 15.64% 10.19% 12 Jan 2021 77.54 B
TRIM Dana Tetap 2 Kelas A 3477.84 0.50% 1.16% 3.87% - 8.13% 19.66% 247.78% 13 May 2008 2.99 T
Insight Renewable Energy Fund 2514.7498 0.48% 1.64% 5.47% - 9.69% 24.82% 151.47% 22 Jun 2011 1.71 T
Insight Haji Syariah 5555.0392 0.44% 1.56% 5.20% - 9.74% 25.77% 455.50% 13 Jan 2005 2.42 T

Provided by Cermati Invest, last update 2 January 2026

                Inception  
Reksa Dana CAMPURAN NAV 1M 3M 6M YTD 1Y 3Y % Date AUM
TRIM Syariah Berimbang 4155.12 8.05% 8.85% 32.51% - 25.21% 42.19% 315.51% 27 Dec 2006 65.52 B
TRIM Kombinasi 2 3453.34 7.77% 7.04% 31.80% - 27.06% 39.50% 245.33% 10 Nov 2006 44.94 B
Trimegah Balanced Absolute Strategy Kelas A 2271.4 5.08% 4.79% 29.95% - 26.68% 42.78% 127.14% 28 Dec 2018 532.17 B
Syailendra Balanced Opportunity Fund 4585.16 3.23% 18.62% 41.15% - 39.86% 49.73% 358.52% 22 Apr 2008 181.65 B
HPAM Flexi Indonesia Sehat Kelas A 2546.1611 1.10% 8.39% 22.51% 31.9% 32.36% 56.76% 154.62% 2 Mar 2011 96.82 B
Setiabudi Dana Campuran 1660.0019 1.00% 5.44% 13.92% - 15.20% 30.60% 66.00% 25 Sep 2017 73.60 B

Provided by Cermati Invest, last update 2 January 2026

                Inception  
Reksa Dana SAHAM NAV 1M 3M 6M YTD 1Y 3Y % Date AUM
TRIM Syariah Saham 2355.15 7.48% 9.57% 39.19% - 28.46% 29.59% 135.52% 27 Dec 2006 98.53 B
Bahana Primavera 99 Kelas G 1384.43 6.79% 13.98% 18.37% - 13.47% 9.25% 38.44% 5 Sep 2014 16.53 B
BRI Syariah Saham 898.1673 6.68% 14.57% 29.45% - 24.31% 5.74% -10.18% 18 Sep 2014 14.60 B
UOBAM Sustainable Equity Indonesia 1034.51 5.09% 7.56% 24.02% - 10.60% 5.96% 3.45% 4 Aug 2021 49.63 B
Principal Total Return Equity Fund Kelas O 3688.54 4.40% 8.40% 21.01% - 17.16% 10.07% 268.85% 1 Jul 2005 23.21 B
Bahana Primavera Plus 14579.16 3.47% 10.98% 28.27% - 24.68% 5.20% 1357.92% 27 May 1997 52.11 B
Principal Islamic Equity Growth Syariah 1388.77 2.93% 4.83% 22.48% - 20.64% 14.45% 38.88% 10 Sep 2007 70.37 B
TRIM Kapital Plus 5009.75 2.83% 8.00% 19.04% - 13.22% 28.85% 400.98% 18 Apr 2008 651.75 B
HPAM Ultima Ekuitas 1 Kelas A 3776.1085 2.68% 14.02% 30.65% 0 36.45% 51.75% 277.61% 2 Nov 2009 676.26 B
SAM Indonesian Equity Fund - With Dividend 3398.756954 2.34% 20.27% 53.65% - 42.93% 67.91% 239.88% 18 Oct 2011 983.98 B
HPAM Ekuitas Syariah Berkah Kelas A 2609.6363 1.68% 7.18% 26.28% 0 33.33% 90.03% 160.96% 20 Jan 2020 1.60 T
BNI-AM Inspiring Equity Fund 1002.9207 1.40% 8.92% 17.78% - 10.50% -0.11% 0.29% 7 Apr 2014 1.25 T
Syailendra Equity Opportunity Fund 4914.1 -2.15% 7.88% 28.49% - 19.77% 28.23% 391.41% 7 Jun 2007 233.18 B
Cipta Saham Unggulan Syariah 2493.99 -3.81% 3.82% 7.24% - 11.14% 6.85% 149.40% 5 Sep 2018 16.23 B
SAM Indonesian Equity Fund 2829.01 -14.82% 0.11% 27.89% - 18.97% 37.58% 182.90% 18 Oct 2011 983.98 B

Provided by Cermati Invest, last update 2 January 2026

                Inception  
Reksa Dana USD NAV 1M 3M 6M YTD 1Y 3Y % Date AUM
Eastspring Syariah Equity Islamic Asia Pacific USD Kelas A 1.618343 6.64% 12.36% 45.21% 1 71.49% 68.08% 61.83% 28 Oct 2016 3.20 M
Eastspring Syariah Greater China Equity USD Kelas A 0.747067 2.27% -2.92% 15.54% 0 21.63% 6.69% -25.29% 15 Jun 2020 9.29 M
BRI G20 Sharia Equity Fund Dollar 1.2679 1.29% 1.34% 3.55% 0 6.72% 27.53% 26.79% 3 Dec 2019 1.17 M
Batavia Global ESG Sharia Equity USD 1.2833 0.67% 3.08% 6.63% 0 11.85% 32.87% 28.33% 27 Jan 2021 6.51 M
STAR Fixed Income Dollar 1.073567 0.33% 0.99% 2.45% - 4.35% 17.00% 7.36% 10 Jul 2017 17.20 M
BRI Melati Premium Dollar 1.464456 0.30% 0.57% 2.37% - 7.19% 9.75% 46.45% 19 Feb 2007 1.78 M
Batavia USD Bond Fund 1.0686 0.22% 0.29% 1.26% - 4.47% 4.24% 6.86% 18 Oct 2022 21.21 M
Eastspring Syariah Fixed Income USD Kelas A 0.967617 0.20% 0.34% 1.02% - 4.17% 8.54% -0.27% 8 Mar 2021 11.50 M
Batavia Technology Sharia Equity USD 1.3066 0.01% 1.55% 8.21% 0 11.43% 92.26% 30.66% 16 Feb 2022 111.68 M

Provided by Cermati Invest, last update 2 January 2026

Surat Utang/Obligasi

NAMA OBLIGASI ISIN MATA UANG KUPON JATUH TEMPO HARGA BELI HARGA JUAL YIELD RATING
FR0103 IDG000024506 IDR 6.75% 15-Jul-35 104.5 103.5 6.12% BBB
FR0097 IDG000020900 IDR 7.13% 15-Jun-43 105.75 104.75 6.57% BBB
PBS005 IDP000001505 IDR 6.75% 15-Apr-43 101.95 100.95 6.56% BBB
BWPT01BCN2 IDA0001522B2 IDR 11.00% 26-Feb-28 101 100 10.56% idA-
INKP05BCN1 IDA0001485B2 IDR 10.75% 4-Oct-29 101.25 100.25 10.38% idA+
Provided by Cermati Invest, last update 2 January 2026
Monday, 05 January 2026 Previous Consensus
Forecast
8:45 AM CN RatingDog Services PMI DEC 52.1 52.0 51.8
11:00 AM ID Balance of Trade NOV $2.4B $3.1B $2.7B
11:00 AM ID Inflation Rate YoY DEC 2.72% 2.73% 2.50%
4:30 PM GB BoE Consumer Credit NOV £1.119B   £1.2B
4:30 PM GB Mortgage Approvals NOV 65.02K 64.5K 64.8K
4:30 PM GB Mortgage Lending NOV £4.27B £4.8B £4.7B
10:00 PM US ISM Manufacturing PMI DEC 48.2 48.3 48.0
10:00 PM US ISM Manufacturing Employment DEC 44.0   44.1
Tuesday, 06 January 2026 Previous Consensus
Forecast
8:00 PM DE Inflation Rate YoY Prel DEC 2.30% 2.00% 2.20%
8:00 PM DE Inflation Rate MoM Prel DEC -0.20% 0.30% 0.40%
8:00 PM US Fed Barkin Speech       
Wednesday, 07 January 2026 Previous Consensus
Forecast
4:30 AM US API Crude Oil Stock Change JAN/02 1.7M    
2:00 PM DE Retail Sales MoM NOV -0.3% 0.2% 0.6%
2:00 PM DE Retail Sales YoY NOV 0.9%   1.2%
3:55 PM DE Unemployed Persons DEC 2.973M   2.978M
3:55 PM DE Unemployment Change DEC 1K 5K 5.0K
3:55 PM DE Unemployment Rate DEC 6.3% 6.3% 6.3%
4:30 PM GB S&P Global Construction PMI DEC 39.4 41.5 40.1
7:00 PM IN Fiscal Year GDP Growth Prel 2026-25 6.5%    
7:00 PM US MBA 30-Year Mortgage Rate DEC/26 6.31%    
8:15 PM US ADP Employment Change DEC -32K 47K 45.0K
10:00 PM US ISM Services PMI DEC 52.6 52.3 52
10:00 PM US JOLTs Job Openings NOV 7.670M 7.73M 7.7M
10:00 PM US Factory Orders MoM OCT 0.2% -1.1% -0.8%
10:30 PM US EIA Crude Oil Stocks Change JAN/02 -1.934M    
10:30 PM US EIA Gasoline Stocks Change JAN/02 5.845M    
Thursday, 08 January 2026 Previous Consensus
Forecast
4:10 AM US Fed Bowman Speech       
12:00 PM JP Consumer Confidence DEC 37.5 37.8 38.1
2:00 PM DE Factory Orders MoM NOV 1.5% -0.7% 0.5%
2:00 PM GB Halifax House Price Index MoM DEC - 0.1% 0.1%
2:00 PM GB Halifax House Price Index YoY DEC 0.7%   1.0%
8:30 PM US Balance of Trade OCT $-52.8B $-58.5B $-54.0B
8:30 PM US Initial Jobless Claims JAN/03 199K 205K 205.0K
8:30 PM US Nonfarm Productivity QoQ Prel Q3 3.3% 3.0% 2.9%
8:30 PM US Unit Labour Costs QoQ Prel Q3 1.0% 1.0% 0.8%
Friday, 09 January 2026 Previous Consensus
Forecast
6:30 AM JP Household Spending MoM NOV -3.5%   2.3%
6:30 AM JP Household Spending YoY NOV -3.0% -1.0% 0.9%
8:30 AM CN Inflation Rate YoY DEC 0.7% 0.8% 0.7%
8:30 AM CN Inflation Rate MoM DEC -0.1%   0.0%
8:30 AM CN PPI YoY DEC -2.2% -1.5% -2.0%
2:00 PM DE Balance of Trade NOV €16.9B €16.7B €17.1B
2:00 PM DE Exports MoM NOV 0.1% -0.3% 0.6%
2:00 PM DE Industrial Production MoM NOV 1.8% -0.3% 0.4%
8:30 PM US Building Permits Prel OCT     1.35M
8:30 PM US Building Permits Prel SEP 1.33M 1.34M 1.34M
8:30 PM US Housing Starts OCT     1.33M
8:30 PM US Housing Starts SEP 1.307M 1.31M 1.32M
8:30 PM US Non Farm Payrolls DEC 64K 57K 45.0K
8:30 PM US Unemployment Rate DEC 4.6% 4.5% 4.6%
8:30 PM US Average Hourly Earnings MoM DEC 0.1% 0.3% 0.2%
8:30 PM US Average Hourly Earnings YoY DEC 3.5% 3.6% 3.5%
8:30 PM US Participation Rate DEC 62.5%   62.6%
10:00 PM US Michigan Consumer Sentiment Prel JAN 52.9 53 52.7
10:00 PM US Fed Kashkari Speech       
Source: BI, CNBC Indonesia, Bloomberg, Investing, Trading Economics, KSEI, Cermati, Artha Investa Teknologi (AIT), Stockwatch.id.

Disclaimer:
Dokumen ini dibuat hanya untuk memberikan informasi. Isi dokumen ini tidak boleh ditafsirkan sebagai suatu bentuk penawaran untuk membeli/menjual/dijadikan dasar dari atau yang dapat dijadikan pedoman sehubungan dengan suatu perjanjian atau komitmen apa pun atau suatu nasehat investasi.

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