JCI Closes Higher at 5,695 Amid June 2026 Manufacturing Contraction

The Jakarta Composite Index (JCI) on the Indonesia Stock Exchange (IDX) closed higher on Wednesday afternoon, in line with a positive trend across most Asian bourses. The JCI ended up 51.93 points, or 0.92 percent, at 5,695.12, while the LQ45 index also gained 3.64 points, or 0.66 percent, to 556.75.

Associate Director of Pilarmas Investindo Sekuritas, Maximilianus Nicodemus, explained that the JCI’s strengthening was driven by regional sentiment and market attention on the development of diplomatic relations between the United States and Iran in Doha, Qatar. Nevertheless, market players remained cautious about the potential for a Federal Reserve rate hike ahead of the release of US labour data.

The index rise occurred amid the release of sluggish domestic economic data. S&P Global reported that Indonesia’s Manufacturing Purchasing Managers’ Index (PMI) plummeted to 46.9 in June 2026, down from 50.0 in May. This figure indicates the deepest contraction since June 2025.

Additionally, the Central Statistics Agency (BPS) recorded June 2026 inflation at 0.44 percent month-to-month, or 3.34 percent year-on-year. Economic pressure was compounded by a report showing the May 2026 trade balance suffered a deficit of 1.61 billion US dollars, the first deficit in the last six years.

Based on the IDX-IC sectoral indices, eight sectors managed to strengthen, led by the basic materials sector, the energy sector, and the infrastructure sector. Conversely, the transportation and logistics sector recorded the deepest decline.

Shares that recorded top gainers included COCO, BBRM, and PADI. Meanwhile, the top losers list was occupied by RGAS, MMIX, and MTLA. Despite moving in the red zone during the first session, buying action in the second session managed to push the JCI into positive territory until the close.