JCI Closes Higher Driven by Gains in Energy Sector Stocks

Jakarta (ANTARA) - The Composite Stock Price Index (JCI) of the Indonesia Stock Exchange (IDX) closed higher on Monday afternoon, driven by gains in energy sector stocks.

The JCI closed up 41.69 points or 0.56 percent at 7,500.19. Meanwhile, the LQ45 index of 45 leading stocks fell 0.11 points or 0.01 percent to 746.36.

“If the JCI can hold above the 7,500 level, it is expected to have the potential to test the 7,600 level,” said Head of Research at Phintraco Sekuritas, Ratna Lim, in her analysis in Jakarta on Monday.

Previously, the JCI opened lower due to the renewed rise in crude oil prices after negotiations between the United States (US) and Iran failed to reach an agreement, and US President Donald Trump announced that the US Navy would blockade the Strait of Hormuz.

However, towards the end of trading session I and during trading session II, the JCI reversed to positive territory, driven by gains in energy, basic materials, and industrial sector stocks, although the financial sector weakened.

From domestic economic data, retail sales grew 6.5 percent year-on-year (yoy) in February 2026 from 5.7 percent (yoy) in January 2026, or the fastest since March 2024, driven by increased public spending during Ramadan and ahead of Eid al-Fitr.

Meanwhile, President Prabowo Subianto visited Russia to meet with Russian President Vladimir Putin, among other things to discuss the continuation of cooperation between the two countries, including strengthening oil supplies to Indonesia amid conflicts in the Middle East region.