Analyst: JCI Lacks Domestic Positive Sentiment, Difficult to Rebound

Efforts by the Indonesia Composite Index (JCI) to recover from recent pressures are assessed to be facing heavy challenges. Amidst the strengthening of several global stock exchanges, the Indonesian stock market is instead facing renewed pressure due to the lack of positive sentiment from within the country.

Capital market analyst and founder of Stocknow.id, Hendra Wardaya, stated that the gains observed in recent periods cannot yet serve as a signal for a sustainable recovery. According to him, the market still requires domestic catalysts capable of driving investor confidence.

“Many are asking when a rebound will occur. I always say it will not truly rebound if there is no positive sentiment from domestic sources,” Hendra said in a brief message in Jakarta on Wednesday (3/6/2026).

During Wednesday morning trading, the JCI dropped 2.77 per cent to the level of 6,023.673 after opening at 6,207.102. This weakening occurred after the index had previously strengthened in the preceding trading session.

Hendra assessed that any gains occurring so far remain vulnerable to reversals. The emergence of selling pressure has prevented the index’s rise from being sustained for long. “It rises slightly only to fall again. The increases are still easily pressured,” he remarked.