JCI closes higher led by energy sector stocks
The Indonesia Composite Index (JCI) on the Indonesia Stock Exchange (IDX) closed higher on Tuesday afternoon, led by gains in energy sector stocks. The JCI rose by 68.04 points, or 1.11 per cent, to reach 6,195.42, while the LQ45 index increased by 8.10 points, or 1.33 per cent, to 619.27.
“The JCI strengthened as market participants digested economic data,” stated Maximilianus Nico Demus, Associate Director of Research and Investment at Pilarmas Investindo Sekuritas, in his analysis in Jakarta on Tuesday. Internationally, investors remained cautious amid uncertainty regarding negotiations between the United States and Iran, which has caused volatility in the crude oil market. Amid ongoing geopolitical uncertainty, reports indicate that Tehran has suspended talks with Washington in response to Israeli attacks in Lebanon, although US President Donald Trump stated that negotiations are still ongoing. Market attention is also focused on conflicting statements from President Trump and Israeli Prime Minister Benjamin Netanyahu regarding recent discussions on the conflict in Lebanon.
Domestically, S&P Global reported that the Purchasing Managers’ Index (PMI) rose from 49.1 in April 2026 to 50.0 in May 2026, indicating strong domestic sector support despite global pressures affecting export volumes. Meanwhile, the Central Bureau of Statistics (BPS) reported that inflation in May 2026 was recorded at 0.28 per cent month-to-month and 3.08 per cent year-on-year, remaining within Bank Indonesia’s target range of 2.5 per cent plus or minus 1 per cent. BPS also reported that Indonesia’s trade balance recorded a surplus of 90 million USD, with exports valued at 25.30 billion USD and imports at 25.31 billion USD.
According to the IDX-IC sectoral index, five sectors strengthened, led by the energy sector which rose by 1.78 per cent, followed by the infrastructure and basic materials sectors, which rose by 0.64 per cent and 0.58 per cent respectively. Conversely, six sectors weakened, with the transport and logistics sector falling the most at 3.20 per cent, followed by the healthcare and property sectors, which declined by 2.65 per cent and 1.13 per cent respectively. The largest price gains were seen in stocks such as BEER, NZIA, KUAS, DSSA, and BREN, while the largest declines were recorded in TRUE, ELPI, APIC, KJEN, and EPAC. Trading frequency was recorded at 2,572,956 transactions, with 31.25 billion shares traded worth IDR 25.47 trillion. In the regional market, the Nikkei fell by 330.33 points, while the Shanghai, Hang Seng, and Straits Times indices all recorded gains.