{
    "success": true,
    "data": {
        "id": 2051572,
        "msgid": "jci-rallies-1-heres-why-1792731044",
        "date": "2026-10-23 10:39:53",
        "title": "JCI Rallies 1%: Here\u2019s Why",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Finance",
        "summary": "Indonesia\u2019s Composite Stock Price Index (JCI) rose 1.14% in morning trading, led by gains in energy, basic materials and consumer stocks. Investors were also weighing domestic policy and banking developments, a revised JCI calculation rule taking effect on 2 November 2026, and global cues including Japan\u2019s rising inflation and a Wall Street sell-off.",
        "content": "<p>Jakarta, CNBC Indonesia \u2014 The Jakarta Composite Index (JCI) extended\nits gains in the first session of trading today. At 10.24am Western\nIndonesian Time, the index stood at 5,449.09, up 61.18 points, or\n1.14%.<\/p>\n<p>The JCI had risen from the opening level of 5,397.34, gaining 0.18%.\nTrading volume reached 161.48 million lots by 10.23am, with transactions\nworth Rp5.08 trillion.<\/p>\n<p>Refinitiv data showed that the rise was led by the energy sector,\nwhich surged 2.3%, followed by basic materials, up 2%, and consumer\nnon-cyclicals, up 1.9%.<\/p>\n<p>Among the stocks supporting the JCI were PT Amman Mineral\nInternasional Tbk (AMMN), PT Astra International Tbk (ASII), PT Bayan\nResources Tbk (BYAN), PT Merdeka Gold Resources Tbk (EMAS) and PT Dian\nSwastatika Sentosa Tbk (DSSA).<\/p>\n<p>Stocks weighing on the index included PT Bank Central Asia Tbk\n(BBCA), PT DCI Indonesia Tbk (DCII), PT Bank Mega Tbk (MEGA), PT\nDayamitra Telekomunikasi Tbk (MTEL) and PT Barito Renewables Energy Tbk\n(BREN).<\/p>\n<p>On Friday, the market will continue to monitor several domestic\ndevelopments, particularly government policy, conditions in the banking\nindustry and economic liquidity. Wall Street\u2019s steep decline is also a\nfocus as a global market factor.<\/p>\n<p>Domestically, attention is on President Prabowo Subianto\u2019s remarks\nabout natural resource management and plans to streamline state-owned\nenterprises (SOEs).<\/p>\n<p>Investors are also monitoring bank credit growth, which has reached\nits highest level in a decade, expectations of an increase in new\nlending towards year-end, and a government programme to expand access to\nbank accounts.<\/p>\n<p>Market participants are awaiting Bank Indonesia\u2019s (BI) September 2026\nbroad money data, after growth slowed for two consecutive months.<\/p>\n<p>The Indonesia Stock Exchange\u2019s (IDX) change to the JCI calculation\nrules is also on investors\u2019 radar. From 2 November 2026, shares\nclassified as having High Shareholding Concentration (HSC) will no\nlonger be included in the index.<\/p>\n<p>According to an IDX disclosure, the policy is intended to make the\nindex more accurately reflect market movements. Previously, only shares\non the Acceleration Board were excluded from the JCI calculation.<\/p>\n<p>Global factors include Japan\u2019s September inflation data, released on\nFriday morning.<\/p>\n<p>Japan\u2019s annual inflation rate rose to 2.1% in September 2026, from\n1.9% in each of the previous two months. This was the highest rate since\nDecember 2025 and marked a return of core inflation to above the Bank of\nJapan\u2019s (BOJ) target.<\/p>\n<p>According to data from the Statistics Bureau of Japan, core\ninflation\u2014which excludes fresh food prices but includes energy\u2014was 2.1%\nyear on year. That was up from 1.7% in August and the highest in nine\nmonths. The figure was also in line with market expectations.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/jci-rallies-1-heres-why-1792731044",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}