JCI and Rupiah Close Higher on Friday Afternoon

The Jakarta Composite Index (JCI) closed 2.07% higher at the 6,007 level on Friday afternoon, 12 June 2026. A total of 615 stocks advanced, 108 declined, and 93 remained unchanged. Trading volume reached 37.4 billion shares with a transaction value of Rp 21.6 trillion, across 2.4 million trades. The LQ45 index also rose 1.81% to 597.

Liza Camelia Suryanata, Head of Research at Kiwoom Sekuritas Indonesia, noted that despite the JCI strengthening back to the 6,000 level, foreign investors have still recorded a net sell of approximately Rp 80 trillion year-to-date. “In other words, the market rally so far has been primarily driven by domestic investors, rather than a significant return of foreign funds,” she stated in her analysis on Friday.

Meanwhile, in the domestic spot market, the rupiah exchange rate closed stronger at Rp 17,860 per US dollar. The currency gained 128 points after previously closing at Rp 17,988 per US dollar on Thursday, 11 June 2026.

According to Liza, several sentiments that had previously triggered market panic have improved. “The rupiah has stabilised below Rp 18,000 per US dollar following a cumulative Bank Indonesia rate hike of 75 basis points to 5.50%, easing geopolitical tensions, and a more coordinated response from policymakers, regulators, and market participants in supporting financial market stability,” she said.