Investors Must Be Patient, JCI Remains Sluggish Into Midday

The Jakarta Composite Index (JCI) continued its negative trend into midday on Friday (5/6/2026). At the end of session 1, the JCI parked at 5,692.16, down 2.53% or -147.62 points. A total of 624 stocks moved in the red zone, while 115 stocks rose and the remaining 220 were stagnant. Transaction value was fairly busy, reaching Rp 21.07 trillion, involving 23.37 billion shares in 1.29 million transactions. Market capitalisation also slumped to Rp 10,017 trillion. The transaction value reached more than Rp 20 trillion in session 1, largely contributed by jumbo transactions of Chandra Asri Pacific (TPIA) in the negotiated market. TPIA recorded a total transaction value of Rp 22.98 trillion, of which Rp 17.6 trillion occurred in the negotiated market. Along with this, TPIA shares rose 13.45% to the level of 1,560. Citing Refinitiv, utilities and financials were the sectors that fell the deepest. Conversely, property and raw materials were two sectors that managed to stay in the green zone. After conglomerate shares bled heavily in trading over the past few days, the turn of major banks came this afternoon. Bank Central Asia (BBCA), which recorded the largest transaction value in the regular market, was the main weight on the JCI this afternoon with a drag of -28.1 points. BBCA recorded heavy selling pressure and fell 5.53% to the level of 5,125. Bank Rakyat Indonesia (BBRI) followed with a drag of -9.41 points, Bank Mandiri (BMRI) -7.82 points, and Bank Negara Indonesia (BBNI) -4.53 points. Meanwhile, today’s JCI weakening occurred alongside the rupiah which weakened again to touch a record all-time low. Quoting Refinitiv data, the rupiah opened down 0.17% to the level of Rp18,050/US.Thisweakeningcontinuedthepressurefromtheprevioustradingday.OnThursday(4/6/2026), theGarudacurrencycloseddown0.45. That position became the weakest level in the history of the rupiah against the US dollar. As a result of the significant weakening, the Indonesia Stock Exchange (IDX) proactively invited institutional investors and global investors to place their funds in the Jakarta Composite Index (JCI), in order to curb the index’s falling pace. IDX Corporate Assessment Director I Gede Nyoman Yetna said his party had prepared a roadshow programme to strengthen the demand side of the capital market. The activities will target both domestic and global investors. “We have met with several stock exchanges abroad for us to be able to cooperate, including from the side of foreign brokerage firms, so we can bring listed companies to them and introduce them so as to attract investors,” Nyoman told reporters at the IDX Building, Jakarta, Thursday (4/6/2026). Domestically, the IDX will also expand capital market socialisation to various regions. This step is carried out by introducing listed companies to domestic investors, both institutional and retail. Meanwhile, the Acting Interim President Director of the IDX, Jeffrey Hendrik, said the fundamentals of the Indonesian capital market are currently in good condition. This is reflected in the financial performance of listed companies which continue to record profit growth. According to Jeffrey, all listed companies on the IDX recorded profit growth of more than 21% at the end of the 2025 fiscal year. Meanwhile, in the first quarter of 2026, issuers belonging to the LQ45 group recorded net profit growth of 29.9% compared to the same period the previous year. In addition, as many as 80% of listed companies succeeded in posting a net profit in the first quarter of 2026. This percentage is the highest in the last five years. Jeffrey explained that in 2020 only 63% of listed companies recorded a net profit. In the 2021-2025 period, the percentage was in the range of 73%-76%, before increasing to 80% in the first quarter of this year.