IDX Head Explains Causes of JCI Decline
JAKARTA, KOMPAS.com - The Acting President Director of the Indonesia Stock Exchange (IDX), Jeffrey Hendrik, assessed that the weakening of the Jakarta Composite Index (JCI) was caused by corrections occurring in Asian stock markets. During the domestic market holiday on Thursday and Friday of last week, Asian stock markets had already undergone corrections. Consequently, when trading resumed at the beginning of this week, the JCI adjusted its movement in line with the accumulated decline previously seen in global markets.
“Regarding the JCI today, if we observe closely, uncertainty in our market remains quite high. However, we also see that our market was closed on Thursday and Friday. During our holiday, the global market, particularly the Asian market, also experienced corrections,” Jeffrey stated when met at the IDX building on Monday (17/5/2026).
This condition is influenced by various global sentiments that make market movements highly dynamic. Overall, the JCI correction remains in line with the weakening trend experienced by global markets.
“If we accumulate the corrections of two days in the global and Asian markets, plus a slight additional correction in the global market today, it equals the correction we are experiencing today. Therefore, I believe it is still in line with the global market, but uncertainty in our market remains quite high,” he explained.
Jeffrey reminded retail investors to continue paying attention to company fundamentals and to avoid making investment decisions emotionally amidst volatile market conditions. Market participants should continue to conduct careful analysis and adjust investment strategies according to their respective risk profiles.
“Therefore, we will not tire of reminding investors to remain focused on fundamentals, not to panic, to analyse carefully, and to arrange investment strategies according to their individual risk profiles, as market conditions are very dynamic and uncertainty remains high,” he added.
Regarding foreign fund flows, Jeffrey stated that the movement of foreign investors entering and exiting the market is a natural occurrence, influenced by various global and domestic considerations. Nevertheless, the IDX continues to strive to maintain the attractiveness of the Indonesian capital market to ensure long-term foreign investor participation.
“As for foreign investors, they certainly enter and exit from time to time based on various considerations. Naturally, we are making our best efforts to ensure that foreign investors continue to enter and remain in our market for the long term,” he continued. On the other hand, Jeffrey noted that the growth of domestic investors serves as a vital pillar for the domestic capital market.