Jakarta, CNBC Indonesia \u2014 The Jakarta Composite Index (JCI) closed\nthe morning session with a decline of 27.49 points or -0.36% to the\nlevel of 7,596.10 on Thursday (16\/4\/2026).<\/p>\n
A total of 344 stocks rose, 340 fell, and 275 remained unchanged. The\ntransaction value reached Rp 10.74 trillion, involving 24.18 billion\nshares in 1.65 million transactions. Market capitalisation also dropped\nto Rp 13,523 trillion.<\/p>\n
Based on market data, Bank Mandiri (BMRI) was the stock with the\nlargest transaction value, at Rp 1.33 trillion. This was followed by\nBarito Renewables Energy (BREN) at Rp 1.17 trillion, Bakrie &\nBrother (BNBR) at Rp 1.17 trillion, and Astrindo Nusantara Infrastruktur\n(BIPI) at Rp 1.06 trillion.<\/p>\n
This morning, the JCI had risen by more than 1%. Citing Refinitiv,\nthe JCI was supported by the healthcare sector, which rose 5.52%. This\nwas in line with shares of hospital issuer Dato Sri Tahir, Sejahteraraya\nAnugrahjaya (SRAJ), which soared 14.5% in the morning session to 15,000.\nSRAJ contributed 8.76 points to the JCI.<\/p>\n
However, about an hour into trading, shares of Dian Swastatika\nSentosa (DSSA) and Barito Renewables Energy (BREN) experienced\nsignificant corrections. DSSA fell 3.28% and BREN -3.88%, dragging the\nJCI by -9.7 points and -9.22 points respectively.<\/p>\n
Meanwhile, the geopolitical situation received a positive breeze. The\nTrump administration expressed optimism on Wednesday regarding the\nchances of reaching an agreement to end the war with Iran, while warning\nof increasing economic pressure on Tehran if it remains stubborn.<\/p>\n
Trump stated that the war he launched with Israel since late February\nis nearly over, although the shipping blockade he announced has begun to\ntake effect and traffic through the Strait of Hormuz remains far below\nnormal levels.<\/p>\n
The United States warned that it could add secondary sanctions\nagainst Iranian oil buyers as an effort to strengthen its bargaining\nposition ahead of further negotiations, just weeks after Washington\nrelaxed enforcement of some energy sanctions against Iran.<\/p>\n
US and Iranian officials are considering returning to Pakistan for\nfurther talks as soon as this weekend, after negotiations on Sunday\nended without a breakthrough. Pakistan\u2019s military chief arrived in\nTehran on Wednesday to try to prevent the conflict from reigniting.<\/p>\n
Pakistan\u2019s military confirmed that Field Marshal Asim Munir has\narrived in Tehran. A senior Iranian source told Reuters that Munir, who\nmediated the last round of talks, will seek to \u201cnarrow the differences\u201d\nbetween the two sides. Foreign Minister Abbas Araqchi wrote on X\nwelcoming Munir and stating that Iran is committed to \u201cpromoting peace\nand stability in the region.\u201d<\/p>\n
Last weekend\u2019s talks ended without an agreement to end the war, which\nTrump initiated with Israel on 28 February, triggering Iranian attacks\non Gulf countries and reigniting the conflict between Israel and\nIran-backed Hezbollah in Lebanon.<\/p>\n
In other developments, in the April 2026 World Economic Outlook, the\nIMF revised down its global economic growth projection to 3.1% for 2026\nand 3.2% for 2027. This figure represents the weakest growth rate in the\nlast two decades. The IMF also outlined a worst-case scenario if the\nMiddle East conflict escalates and damages energy infrastructure.<\/p>\n
In that heavy scenario, global growth is projected to plummet to 2%,\nwith global inflation surging above 6% in 2027.<\/p>\n
Amid the shadow of global pessimism, Indonesia\u2019s economy is assessed\nto have solid resilience. The IMF projects Indonesia to record economic\ngrowth of 5% in 2026, higher than the projection for China at 4.4% and\nthe Philippines at 4.1%, though still below India, which is projected to\ngrow 6.5%. Domestic inflation is also expected to be controlled around\n3% for this year.<\/p>\n
The IMF cut its economic growth projection for Indonesia to 5.0% in\n2026, from 5.1% in the previous projection.<\/p>\n
International confidence in Indonesia is growing stronger. In a\nmeeting on the sidelines of the IMF Spring Meetings, IMF Managing\nDirector Kristalina Georgieva described Indonesia as a \u201cbright spot\u201d\namid the world economy.<\/p>\n
This predicate is based on the government\u2019s consistency in keeping\nthe fiscal deficit below 3% of GDP, as well as Bank Indonesia\u2019s adaptive\npolicy mix in maintaining exchange rate stability and macroeconomic\nliquidity.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/jci-slumps-in-morning-session-closes-down-0-36-1776322256", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }