The Jakarta Composite Index (JCI) of the Indonesia Stock Exchange\n(IDX) closed stronger on Wednesday (10\/6\/2026) afternoon, as investors\nwelcomed policies implemented to address domestic financial market\nturmoil. The JCI closed up 155.73 points, or 2.71 percent, at 5,902.38.\nMeanwhile, the LQ45 index of 45 leading stocks rose 20.16 points, or\n3.54 percent, to 589.48.<\/p>\n
\u201cThe JCI\u2019s rebound continued, supported among other things by a\ncorrection in global crude oil prices and a strengthening of the rupiah\nexchange rate. In addition, domestic investors appreciated the\ngovernment\u2019s initial response in dealing with the turbulence in the\nIndonesian capital market,\u201d said Phintraco Sekuritas Head of Research\nRatna Lim in her analysis in Jakarta on Wednesday.<\/p>\n
Domestically, the JCI extended its gains following a positive market\nresponse to domestic policies related to the capital market and monetary\nconditions. On Tuesday (9\/6), discussions were held between the\nIndonesian House of Representatives, Danantara Indonesia, the\nState-Owned Banks Association (Himbara), BPJS, and state-owned insurers\nregarding a planned buyback programme for large-cap state-owned\nenterprise shares. On the same day, Bank Indonesia raised its benchmark\ninterest rate by 25 basis points to 5.50 percent during a weekly Board\nof Governors Meeting.<\/p>\n
The BI rate hike impacted the rupiah, which strengthened 114.00\npoints, or 0.63 percent, to Rp 17,944 per US dollar at the close of\ntrading on Wednesday.<\/p>\n
Meanwhile, from overseas, Asian bourses weakened due to geopolitical\ntensions after the United States launched a defensive strike against\nIran in response to the downing of a US helicopter. Iranian Foreign\nMinister Abbas Araghchi warned that Iran\u2019s armed forces would not leave\nany attack or threat unanswered. This heightened concerns over broader\nregional instability and pushed oil prices higher. High global energy\nprices resulting from the regional conflict sparked inflation worries\nand the possibility of central bank rate hikes. Markets were also\nawaiting the latest US inflation data for fresh signals regarding the\noutlook for Federal Reserve policy.<\/p>\n
Opening lower, the JCI moved into positive territory through the\nclose of the first trading session. In the second session, the JCI\nremained in the green until the market close. Based on the IDX-IC\nSectoral Indices, all eleven sectors strengthened, led by the\ntransportation and logistics sector which rose 4.43 percent, followed by\nthe technology and property sectors which increased 3.57 percent and\n3.17 percent respectively.<\/p>\n
Shares experiencing the largest price gains were BABY, KBLV, FOLK,\nASLI, and LCKM. Shares suffering the largest price declines were TPIA,\nAPIC, ARKO, GMTD, and KJEN. Share trading frequency was recorded at\n3,105,109 transactions, with 46.67 billion shares traded for a total\nvalue of Rp 31.72 trillion. A total of 571 stocks rose, 148 stocks fell,\nand 96 stocks were unchanged.<\/p>\n
Regional Asian stock markets on Wednesday afternoon saw the Nikkei\nindex weaken 1.66 percent to 64,330.00, the Shanghai index weaken 0.42\npercent to 3,993.23, the Hang Seng index weaken 0.64 percent to\n24,407.96, and the Strait Times index weaken 1.28 percent to\n4,958.85.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/after-days-of-turmoil-jci-finally-rebounds-1781088982", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }