JCI Closes 0.28% Lower at 5,886 Level
The Jakarta Composite Index (JCI) ended weaker on Thursday (11/6/2026) after staging a significant rally earlier in the session. The benchmark index fell 0.28%, depreciating by 16.34 points to 5,886.03, snapping a two-day winning streak.
According to Indonesia Stock Exchange (IDX) trading data, 265 shares advanced, 419 declined, and 131 remained unchanged. Transaction value reached Rp22.27 trillion, with a trading volume of 33.65 billion shares across 2.37 million trades.
Volatility remained high throughout the day. The JCI touched an intraday high of 6,010 (+1.82%) and a low of 5,784 (-1.99%).
Sectors such as technology, financials, healthcare, and property recorded gains. The deepest corrections were posted by the infrastructure, raw materials, energy, and non-primary consumer goods sectors. Stocks weighing on the index’s performance included AMMN, BREN, BRPT, DSSA, and MDKA.
Market participants continued to monitor global sentiment developments, including international financial market dynamics and foreign capital flows. Despite a strong rally in the previous session, foreign investors were recorded booking a net sell of Rp3.13 trillion across all markets.
The Indonesian financial market is also grappling with geopolitical dynamics and investor scrutiny over domestic fiscal resilience and global macroeconomic continuity. The recovery in the JCI and the rupiah faces potential disruption from two adverse developments out of the United States: new military strikes and surging inflation.
The Iran-US conflict has escalated further after the US military began launching strikes against Iran on Wednesday, according to a statement from US Central Command (CENTCOM). In a post on platform X, CENTCOM stated the US military began “conducting additional self-defence strikes at 5:15 p.m. ET against multiple targets in Iran at the direction of the Commander-in-Chief.” The post affirmed the strikes were “in response to Iran’s unprovoked and continued aggression.” Iranian state media reported that Iran had targeted US vessels in the Strait of Hormuz with missile and drone attacks.
This latest attack followed remarks from US President Donald Trump, who stated on Wednesday that the US would hit Iran “very hard,” intensifying his public threats while pressing Tehran to sign a deal. “We hit them hard yesterday, and we are going to hit them hard again today,” Trump said at the Secure America Act signing ceremony at the White House.
Meanwhile, the US Bureau of Labour Statistics released inflation data for the May 2026 period on Wednesday evening, showing an acceleration in annual inflation to 4.2%. This figure is up from 3.8% in April and represents the highest level since April 2023. On a monthly basis, headline inflation recorded a 0.5% increase. The surge was specifically dominated by a leap in the energy price index, which rose 3.9% month-on-month and 23.5% year-on-year due to commodity market pressures. In contrast, core inflation, which excludes the energy and food sectors, appeared more moderate, rising 0.2% month-on-month and 2.9% year-on-year.
Responding to the inflation data, market participants project that the Federal Reserve will hold its benchmark interest rate at the upcoming 17 June meeting, with the potential for a new rate hike being deferred until December. Amid this tightening dynamic, new Fed Chair Kevin Warsh indicated that interest rates have room to move lower in the future. Warsh believes that a productivity surge from the utilisation of artificial intelligence technology will deliver a significant disinflationary impact on the overall economy.