JCI Closes Up 1.56%, Approaching 6,200 Level

The Jakarta Composite Index (JCI) closed up 1.56% at 6,186.36 on Thursday (30/7/2026). The index’s strengthening was supported by gains in nearly all sectors, particularly large-cap banking and telecommunications stocks.

Throughout the day, the index moved in a range of 6,106.55 to 6,186.36, closing at its daily high. The JCI’s rally was accompanied by broad market participation, with 511 stocks advancing, 171 declining, and 281 closing unchanged.

Total transaction value across all markets reached Rp12.43 trillion, with a trading volume of 25.37 billion shares changing hands 1.729 million times. The Indonesia Stock Exchange’s market capitalisation was recorded at approximately Rp10,812 trillion.

According to Refinitiv, the healthcare sector was the best performer with a gain of 1.92%, followed by primary consumer goods (1.89%), non-primary consumer goods (1.48%), financials (1.39%), and industrials (1.21%). Of the 11 sectors, only utilities closed in negative territory, slipping 0.35%.

In terms of index contributors, Bank Central Asia (BBCA) was the largest supporter, contributing approximately 14.96 points, followed by Telkom Indonesia (TLKM) with 10.43 points, and Bank Mandiri (BMRI) with 4.61 points.

Other stocks that helped lift the index included Sejahteraraya Anugrahjaya (SRAJ), Bank Negara Indonesia (BBNI), Dian Swastatika Sentosa (DSSA), Amman Mineral Internasional (AMMN), Bumi Resources Minerals (BRMS), Adaro Andalan Indonesia (AADI), and Indah Kiat Pulp & Paper (INKP).

Conversely, the JCI’s gains were capped by weakness in several large-cap stocks such as Chandra Asri Pacific (TPIA), Capital Financial Indonesia (CASA), United Tractors (UNTR), Bayan Resources (BYAN), Barito Renewables Energy (BREN), Maha Properti Indonesia (MPRO), Barito Pacific (BRPT), Bank Permata (BNLI), Global Digital Niaga (BELI), and Petrindo Jaya Kreasi (CUAN).

From a technical perspective, the JCI also managed to close back above its 20-day Weighted Moving Average (WMA), which sits around 6,157. This position is a positive signal as the WMA20 could potentially serve as a support level in the short term.

The 6,250-6,300 range is the nearest resistance that the JCI needs to breach. If the index can close above this area, the opportunity to continue strengthening towards the 6,450-6,500 range will be increasingly open.

The JCI’s strengthening occurred despite a downturn in most Asian markets, a weakening rupiah, and rising oil prices. The Shenzhen index closed down 2.73%, the Kospi fell 1.23%, and the STI declined 0.74%.

The rupiah closed weaker against the US dollar. The pressure on the Garuda currency intensified as the US dollar rebounded in global markets. The rupiah depreciated 0.17% to close at Rp18,075/USD. The greenback’s strength came after the US central bank (The Federal Reserve) decided to hold its benchmark interest rate steady, with the dollar index (DXY) having slumped 0.52% to 100.886 in the previous session. The fresh wind for the dollar reversed after the conflict between the US and Iran heated up again, with the dollar gaining support from safe-haven demand after the US stated it was launching airstrikes in Iran.