IDX: Capital Market Fundamentals Remain Strong Despite JCI Correction
The Indonesia Stock Exchange (IDX) has asserted that capital market fundamentals remain solid amidst a recent 3–4 per cent correction in the Jakarta Composite Index (JCI) over the last two days. During trading on Wednesday (3/6/2026), the JCI closed lower by 4.11 per cent, dropping 254.36 points from an opening of 6,207.10 to a close of 5,941.07. The correction continued into the first session of Thursday (4/6/2026) with a 3.48 per cent decline, though the index closed with a more limited loss of 1.70 per cent by the end of the day.
“Our market fundamentals are currently in good condition,” stated the Acting President Director of the IDX, Jeffrey Hendrik, at the IDX office in Jakarta on Thursday.
Jeffrey further explained that based on financial reports of listed companies as of the end of 2025, all companies recorded profit growth of more than 21 per cent. Meanwhile, in the first quarter of 2026 compared to the same period the previous year, particularly for stocks within the LQ45 index, net profit growth was recorded at almost 30 per cent, specifically 29.9 per cent.
Furthermore, regarding profit distribution, approximately 80 per cent of companies recorded net profits in the first quarter of 2026. According to Jeffrey, this figure is the highest in the last five years. For comparison, he noted that in 2020, only 63 per cent of listed companies recorded net profits, while during the 2021–2025 period, the figure ranged between 73–76 per cent of companies turning a profit.
“This certainly demonstrates that the fundamentals of our listed companies are currently in good condition. This can certainly serve as a basis for investors to make decisions,” said Jeffrey.
Responding to concerns regarding market confidence amidst the JCI correction, Jeffrey emphasised that various capital market reform measures aim to strengthen investor trust. “By increasing transparency, improving data granularity, and providing information regarding high shareholding concentration, all of these are our efforts to restore investor confidence in our market,” he added.