Investors Must Be Patient, JCI Remains Sluggish Into Midday

Investors must exercise significant patience as the Jakarta Composite Index (JCI) continued its negative trend until midday on Friday (5/6/2026). At the end of the first session, the JCI sat at 5,692.16, down 2.53% or -147.62 points.

A total of 624 stocks moved into the red zone, while 115 stocks rose and 2_20 remained stagnant. Transaction value was high, reaching Rp 21.07 trillion, involving 23.37 billion shares across 1.29 million transactions. Market capitalisation also declined to Rp 10,017 trillion.

Transaction value exceeded Rp 20 trillion during the first session, largely driven by a massive transaction involving Chandra Asri Pacific (TPIA) in the negotiated market. TPIA recorded total transactions of Rp 22.98 trillion, with Rp 17.6 trillion occurring in the negotiated market, causing its share price to rise 13.45% to the 1,560 level.

According to Refinitiv, the utilities and financial sectors saw the deepest declines. Conversely, property and basic materials were the two sectors that managed to remain in the green.

Following the heavy losses seen in conglomerate stocks over recent trading days, major banks were hit this afternoon. Bank Central Asia (BBCA), which recorded the largest transaction value in the regular market, was the main drag on the JCI with a weight of -2_8.1 points. BBCA experienced significant selling pressure, falling 5.53% to the 5,125 level.

Bank Rakyat Indonesia (BBRI) followed with a weight of -9.41 points, Bank Mandiri (BMRI) at -7.82 points, and Bank Negara Indonesia (BBNI) at -4.53 points.

The JCI’s decline coincided with the further weakening of the Rupiah, which hit an all-time low. According to Refinitiv data, the Rupiah opened 0.17% weaker at Rp18,050/US$.

This decline continues the pressure from previous trading. On Thursday (4/6/2026), the Garuda currency closed 0.45% weaker at Rp18,020/US$, marking the weakest level in the Rupiah’s history against the US Dollar.

Due to this significant weakening, the Indonesia Stock Exchange (IDX) is proactively inviting institutional and global investors to allocate funds into the JCI to curb the index’s decline.

IDX Director of Corporate Valuation, I Gede Nyoman Yetna, stated that the exchange has prepared a roadshow programme to strengthen the demand side of the capital market. These activities will target both domestic and global investors.

“We have met with several overseas stock exchanges to establish cooperation, including with foreign brokerage firms. We aim to bring listed companies to them and introduce them to attract investors,” Nyoman told reporters at the IDX Building in Jakarta on Thursday (4/6/2026).

Domestically, the IDX will also expand capital market socialisation across various regions, introducing listed companies to both institutional and retail domestic investors.

Meanwhile, the Acting President Director of the IDX, Jeffrey Hendrik, stated that the fundamentals of the Indonesian capital market remain strong. This is reflected in the financial performance of listed companies, which continue to show profit growth.

According to Jeffrey, all companies listed on the IDX recorded profit growth of more than 21% at the end of the 2025 fiscal year. Furthermore, in Q1-2026, issuers within the LQ45 group recorded net profit growth of 29.9% compared to the same period the previous year.

Additionally, 80% of listed companies managed to record net profits in Q1-2026. This percentage is the highest in the last five years. Jeffrey explained that in 2020, only 63% of listed companies recorded net profits, and between 2021-2025, the figure ranged between 73%-76%, before rising to 80% in the first quarter of this year.