The Jakarta Composite Index (JCI) ended trading in positive territory\non Wednesday (14 October 2026), closing at 5,948.83, up 22.85 points, or\n0.39%.<\/p>\n
The JCI had been rising since the start of the session, opening at\n5,940.68 at 9am Western Indonesian Time (WIB). After briefly coming\nunder pressure around 5,920 early in trading, the index rebounded and\nreached a daily high of 6,009.96 shortly before 10.30am.<\/p>\n
However, gains above the 6,000 mark did not last. The JCI gradually\nretreated and fell sharply at around 11am, then traded between 5,940 and\n5,960 for the remainder of the session. Its low for the day was\n5,906.74.<\/p>\n
Trading volume for the day was about 259.48 million lots, with\ntransactions worth Rp8,054.97 billion, or around Rp8.05 trillion.<\/p>\n
The index\u2019s gain came despite 342 shares falling, compared with 291\nthat rose; 330 shares were unchanged.<\/p>\n
According to Refinitiv, property stocks led the gains, rising 2.09%,\nfollowed by financial stocks, up 0.7%, and non-essential consumer\nstocks, up 0.4%.<\/p>\n
Among the stocks supporting the JCI were PT Bank Central Asia Tbk\n(BBCA), PT Barito Pacific Tbk (BRPT), PT Astra International Tbk (ASII),\nPT Global Digital Niaga Tbk (BELI) and PT GoTo Gojek Tokopedia Tbk\n(GOTO).<\/p>\n
Stocks weighing on the index included PT VKTR Teknologi Mobilitas Tbk\n(VKTR), PT Dian Swastatika Sentosa Tbk (DSSA), PT Barito Renewables\nEnergy Tbk (BREN), PT Bank Mandiri (Persero) Tbk (BMRI) and PT Merdeka\nGold Resources Tbk (EMAS).<\/p>\n
Pressure on Indonesia\u2019s financial markets was expected to ease\nsomewhat on Wednesday, with a weaker dollar index and lower US Treasury\nyields providing positive signals. However, the release of numerous\neconomic data points could make markets volatile.<\/p>\n
The following factors were influencing sentiment:<\/p>\n
The US dollar index (DXY) and US Treasury yields both fell on Tuesday\n(13 October 2026), as investors followed global market developments and\nawaited US inflation data.<\/p>\n
The dollar index declined 0.37% to 102.18, retreating from an\n18-month high. The 10-year US Treasury yield fell by about 2.3 basis\npoints to 5.217%.<\/p>\n
The declines in the dollar and bond yields were influenced by lower\noil prices and easing selling pressure in the bond market. Nevertheless,\ninflation concerns stemming from high energy prices and the prospect of\nFederal Reserve (the Fed) rate rises continued to weigh on markets.<\/p>\n
Investors were awaiting US inflation data due on Wednesday (14\nOctober 2026) for clues about the Fed\u2019s interest-rate policy.<\/p>\n
Movements in the dollar and Treasury yields are closely watched in\nemerging markets, including Indonesia, as they can affect foreign\ncapital flows, the rupiah and domestic bond markets. A weaker dollar\nindex indicates that investors are selling US dollar-denominated assets,\npotentially shifting funds into emerging markets such as Indonesia.<\/p>\n
The International Monetary Fund (IMF) forecast global economic growth\nof 3.1% in 2026, down from 3.5% in 2025. However, this was 0.1\npercentage points higher than the forecast in the April 2026 edition of\nits World Economic Outlook (WEO).<\/p>\n
In its October 2026 WEO, released on Tuesday (13 October 2026), the\nIMF projected that global growth would pick up to 3.4% in 2027.<\/p>\n
Global inflation is forecast to rise to 4.7% in 2026 before easing to\n4.1% in 2027. The IMF also warned that low-income developing countries\nface severe pressure from a surge in energy prices driven by the Iran\nwar. Oil-importing countries with high debt burdens have limited fiscal\nroom to shield their populations from the effects of the crisis.<\/p>\n
China was due to publish its consumer price index (CPI) data for\nSeptember 2026 on Wednesday (14 October 2026).<\/p>\n
China\u2019s CPI rose by 0.8% year on year in August 2026, up from 0.5% in\nJuly, which was a six-month low. The increase was driven mainly by\nhigher transport, clothing, healthcare, education and housing costs.<\/p>\n
Food prices, meanwhile, fell for a fifth consecutive month. Core\ninflation, which excludes food and energy prices, increased to 1.0% year\non year from 0.9% in July. On a monthly basis, consumer prices rose 0.4%\nin August 2026, exceeding the market forecast of 0.3% and reversing\nJuly\u2019s 0.1% deflation.<\/p>\n
China was also due to release producer price inflation data for\nSeptember on the same day.<\/p>\n
China was also due to release its September 2026 trade data on\nWednesday (14 October 2026). The figures are important for Indonesia,\ngiven that China is Indonesia\u2019s largest trading partner.<\/p>\n
An increase in China\u2019s imports could signal stronger demand for\nIndonesian goods.<\/p>\n
China\u2019s trade surplus widened to US$119.09 billion in August 2026, up\nfrom US$101.01 billion in the same month a year earlier.<\/p>\n
Chinese exports surged 25% year on year to US$401.44 billion, after\ngrowing by nearly 24% in July. The increase was supported by global\ninvestment in artificial intelligence (AI) infrastructure, which\ncontinued to boost trade in Asia.<\/p>\n
Imports rose 28.2% to US$282.36 billion. This was slightly below\nmarket expectations but higher than July\u2019s 27.5% growth.<\/p>\n
Markets around the world were awaiting an important US release on\nWednesday (14 October 2026): inflation data for September 2026. The\nfigures are among the factors the Fed will consider when setting\ninterest rates. If inflation rises, the Fed is expected to raise rates\nagain soon.<\/p>\n
Annual US inflation remained at 3.4% in August 2026, unchanged from\nJuly and in line with market expectations.<\/p>\n
On a monthly basis, US inflation rose 0.4%, its fastest increase in\nthree months, driven mainly by petrol prices.<\/p>\n
Core CPI rose 0.3% month on month, above July\u2019s 0.2% increase and\nmarket expectations. Year on year, however, core inflation slowed to\n2.4% from 2.5%, its lowest level since March 2021.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/jakarta-composite-index-closes-0-39-higher-at-5-948-1791971477", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }