Jakarta Composite Index Opens 0.18% Higher at 5,397

The Jakarta Composite Index (JCI) opened higher at the start of trading today, at 5,397.34, up 9.43 points or 0.18%.

At the same time, at 09:00 Western Indonesian Time (WIB) during the first trading session, the index briefly reached a high of 5,405.88, a gain of 0.33%. Its low was 5,387.61. After the opening, the rise narrowed and the JCI moved around 5,394.13.

Trading volume stood at 13.83 million lots, with transactions valued at Rp322.92 billion. The index remained highly volatile early in the session and could change as trading progressed.

On Friday, the market was set to monitor several domestic developments, particularly government policy, conditions in the banking industry and economic liquidity.

The sharp fall on Wall Street was also in focus as a global market sentiment.

Domestically, attention was on President Prabowo Subianto’s remarks on natural resource management and plans to streamline state-owned enterprises (SOEs).

Other points of interest included bank credit growth reaching its highest level in a decade, expectations of increased new lending towards year-end, and a government programme to broaden access to bank accounts.

Market participants were also awaiting Bank Indonesia’s (BI) September 2026 money-supply data, following a slowdown in growth for two consecutive months.

The Indonesia Stock Exchange’s (IDX) change to the JCI calculation was another focus for investors. From 2 November 2026, shares classified as having High Shareholding Concentration (HSC) will no longer be included in the index.

According to an IDX disclosure, the policy is intended to make the index better reflect market dynamics. Previously, only shares listed on the Acceleration Board were excluded from the JCI calculation.

Global factors included the release of Japan’s September inflation data, due on Friday morning.

Japan’s annual inflation rose to 2.1% in September 2026, from 1.9% in each of the previous two months. It was the highest rate since December 2025 and marked a renewed rise in core inflation above the Bank of Japan’s (BOJ) target.

According to data from the Statistics Bureau of Japan, core inflation—which excludes fresh food prices but includes energy—reached 2.1% year on year. This was up from 1.7% in August and the highest level in nine months. The result was also in line with market expectations.