After Days of Turmoil, JCI Finally Rebounds
The Jakarta Composite Index (JCI) of the Indonesia Stock Exchange (IDX) closed stronger on Wednesday (10/6/2026) afternoon, as investors welcomed policies implemented to address domestic financial market turmoil. The JCI closed up 155.73 points, or 2.71 percent, at 5,902.38. Meanwhile, the LQ45 index of 45 leading stocks rose 20.16 points, or 3.54 percent, to 589.48.
“The JCI’s rebound continued, supported among other things by a correction in global crude oil prices and a strengthening of the rupiah exchange rate. In addition, domestic investors appreciated the government’s initial response in dealing with the turbulence in the Indonesian capital market,” said Phintraco Sekuritas Head of Research Ratna Lim in her analysis in Jakarta on Wednesday.
Domestically, the JCI extended its gains following a positive market response to domestic policies related to the capital market and monetary conditions. On Tuesday (9/6), discussions were held between the Indonesian House of Representatives, Danantara Indonesia, the State-Owned Banks Association (Himbara), BPJS, and state-owned insurers regarding a planned buyback programme for large-cap state-owned enterprise shares. On the same day, Bank Indonesia raised its benchmark interest rate by 25 basis points to 5.50 percent during a weekly Board of Governors Meeting.
The BI rate hike impacted the rupiah, which strengthened 114.00 points, or 0.63 percent, to Rp 17,944 per US dollar at the close of trading on Wednesday.
Meanwhile, from overseas, Asian bourses weakened due to geopolitical tensions after the United States launched a defensive strike against Iran in response to the downing of a US helicopter. Iranian Foreign Minister Abbas Araghchi warned that Iran’s armed forces would not leave any attack or threat unanswered. This heightened concerns over broader regional instability and pushed oil prices higher. High global energy prices resulting from the regional conflict sparked inflation worries and the possibility of central bank rate hikes. Markets were also awaiting the latest US inflation data for fresh signals regarding the outlook for Federal Reserve policy.
Opening lower, the JCI moved into positive territory through the close of the first trading session. In the second session, the JCI remained in the green until the market close. Based on the IDX-IC Sectoral Indices, all eleven sectors strengthened, led by the transportation and logistics sector which rose 4.43 percent, followed by the technology and property sectors which increased 3.57 percent and 3.17 percent respectively.
Shares experiencing the largest price gains were BABY, KBLV, FOLK, ASLI, and LCKM. Shares suffering the largest price declines were TPIA, APIC, ARKO, GMTD, and KJEN. Share trading frequency was recorded at 3,105,109 transactions, with 46.67 billion shares traded for a total value of Rp 31.72 trillion. A total of 571 stocks rose, 148 stocks fell, and 96 stocks were unchanged.
Regional Asian stock markets on Wednesday afternoon saw the Nikkei index weaken 1.66 percent to 64,330.00, the Shanghai index weaken 0.42 percent to 3,993.23, the Hang Seng index weaken 0.64 percent to 24,407.96, and the Strait Times index weaken 1.28 percent to 4,958.85.