{
    "success": true,
    "data": {
        "id": 2046092,
        "msgid": "analyst-jci-rebounds-4-on-buybacks-and-regulatory-measures-1792479263",
        "date": "2026-10-20 13:20:41",
        "title": "Analyst: JCI rebounds 4% on buybacks and regulatory measures",
        "author": "",
        "source": "ANTARA_ID",
        "tags": "",
        "topic": "Finance",
        "summary": "The Jakarta Composite Index (JCI) rose 4.16% to 5,204.63 in Tuesday\u2019s first session, supported by planned corporate share buybacks and proposed regulatory changes. BRI Danareksa Sekuritas analyst Helmy Kristanto said the recovery\u2019s durability will depend on consistent implementation of reforms as investors await the outcome of MSCI\u2019s consultation on Indonesia\u2019s market classification.",
        "content": "<p>Jakarta (ANTARA) \u2013 BRI Danareksa Sekuritas analyst Helmy Kristanto\nsaid several factors had driven the Jakarta Composite Index (JCI) to\nrebound by 208.02 points, or 4.16%, to 5,204.63 at the close of\nTuesday\u2019s (20 October) first trading session.<\/p>\n<p>Among these, he said, were share buyback plans by several listed\ncompanies and a number of policy initiatives by the Indonesia Stock\nExchange (IDX) in response to an evaluation by Morgan Stanley Capital\nInternational (MSCI).<\/p>\n<p>\u201cResistance is at 5,318\u20135,400. This area is a rebound target as well\nas an initial test of the strength of the recovery,\u201d Helmy said in a\nmarket review in Jakarta on Tuesday.<\/p>\n<p>Helmy outlined several factors behind the JCI\u2019s gains. First, a\nnumber of listed companies have set aside funds for buybacks,\npotentially supporting share demand amid market volatility.<\/p>\n<p>The second factor is the IDX\u2019s plan to expand disclosure of\naffiliations among shareholders holding more than 1% and to exclude\nshares with High Shareholding Concentration (HSC) status from the JCI\ncalculation.<\/p>\n<p>\u201cImplementation of this policy is being closely watched as a means of\nrestoring investor confidence,\u201d Helmy said.<\/p>\n<p>Third, he said, Danantara\u2019s readiness to increase its stakes in\nstate-owned enterprises (SOEs) had bolstered optimism about state-owned\nbanks\u2019 shares, which also helped drive the JCI higher.<\/p>\n<p>Fourth, commitments by the Financial Services Authority (OJK) and the\ngovernment to reform, enforce rules over suspected coordinated trading\nand improve transparency have acted as positive catalysts.<\/p>\n<p>\u201cHowever, the market is still waiting for evidence of consistent\nimplementation amid MSCI\u2019s consultation on Indonesia\u2019s\nreclassification,\u201d Helmy said.<\/p>\n<p>At the close of Tuesday\u2019s (20 October) first trading session, the JCI\nhad gained 208.02 points, or 4.16%, to 5,204.63. The LQ45 index, which\ntracks 45 leading shares, rose 31.27 points, or 6.40%, to 519.73.<\/p>\n<p>Share trading totalled 1.63 million transactions, involving 39.30\nbillion shares worth Rp17.13 trillion. A total of 654 shares rose, 137\nfell and 172 were unchanged.<\/p>\n<p>All 11 sectors in the IDX-IC sectoral indices advanced. Transport and\nlogistics led the gains, rising 6.49%, followed by basic materials and\nproperty, up 4.63% and 4.55%, respectively.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/analyst-jci-rebounds-4-on-buybacks-and-regulatory-measures-1792479263",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}