IHSG Cuts Losses, Closes Down 0.55%
The Jakarta Composite Index (JCI) reduced its losses at the end of trading today, Wednesday (17/06/2026).
After dropping 1% approaching 15:00, the JCI closed the session with a correction of 0.55%, or -34.23 points, at the 6,220.74 level. A total of 4_09 issuers declined, 306 rose, and 244 remained unchanged. Transaction value reached Rp 24.33 trillion, involving 31.21 billion shares across 2.31 million trades. Market capitalisation settled at the Rp 10,780 trillion level.
According to Refinitiv, the utilities sector experienced the deepest plunge, falling by 8.82%. This was driven by a sharp correction in Barito Renewables Energy (BREN) shares, which dropped 12%, weighing on the JCI by -18.81 points. Conversely, the JCI’s losses were mitigated by Bank Rakyat Indonesia (BBRI), which was pulled upwards towards the end of trading, closing the day with a 3% gain and supporting the index by 14.11 points.
Other issuers weighing down the JCI included Barito Pacific (BRPT), Impack Pratama Industri (IMPC), Astra (ASII), and Petrindo Jaya Kreasi (CUAN).
As information, as of Monday’s trading (15/06/2026), the JCI had risen 17.09% over the last five trading days since hitting its lowest close on 8 June 2026. In percentage terms, if the index rises by 20% from that low point, the confirmation threshold for a bull market will be at the 6,381.49 level.
Furthermore, to truly validate the market’s return to a solid medium-term bullish phase, the JCI has one primary target this week. The index is required to successfully reclaim and close the weekly candle above the 6,452.78 level by the end of this week. Achieving this weekly technical target depends heavily on the assumption that the investment climate in Indonesia and the global economy remain stable.
Domestically, the JCI’s recovery is supported by anticipatory measures from the government and institutional stakeholders. The government has communicated a high level of awareness regarding capital market dynamics and national macroeconomic stability.
This commitment was demonstrated through a strategic meeting held on Tuesday, 9 June 2026, involving Sufmi Dasco Ahmad alongside leaders from Himbara banks, the Indonesia Investment Authority (INA), BPJS, Taspen, and the Chief Operating Officer of Danantara, Dony Oskaria. This high-level meeting signalled centralised coordination and institutional liquidity readiness to maintain domestic financial market stability. These mitigation steps were immediately met with a bullish trend from market participants since last week.
Externally, the stock market’s rise is also linked to positive global sentiments, including developments in the peace plan initiated by Donald Trump. This plan has begun to yield constructive results, effectively easing geopolitical tensions that have burdened global stock markets in recent months. Additionally, the momentum of the World Cup has facilitated a temporary de-escalation of conflicts in various regions. This cooling geopolitical climate has had a direct impact on the correction of global energy commodity prices.