JCI Closes Weaker at 6,905 Despite Delay in Mining Royalty Rates

The Jakarta Composite Index (JCI) of the Indonesia Stock Exchange (BEI) closed weaker on Monday afternoon, down 63.78 points or 0.92% at 6,905.62.

The JCI experienced a limited rebound after the Ministry of Energy and Mineral Resources (ESDM) decided to postpone the implementation of mining commodity royalty rates.

“After continuing its correction in the first session, the JCI saw a limited rebound following reports that the Minister of ESDM has delayed plans to implement mining commodity royalty rates for copper, tin, nickel, gold, and silver, to formulate a more optimal and fair approach for all parties,” said Ratna Lim, Head of Research at Phintraco Sekuritas, in her analysis in Jakarta on Monday.

Nevertheless, Finance Minister Purbaya Yudhi Sadewa assured that the royalty rate adjustment regulations for mining companies will take effect in early June 2026, followed by the issuance of a Presidential Regulation (Perpres).

This plan was also seen as a factor keeping the JCI in negative territory at the close of trading today.

“The rupiah’s weakening to above Rp17,400 per US dollar also added to the negative sentiment,” Ratna explained.

Meanwhile, the majority of Asian stock indices also closed lower in line with the rise in crude oil prices after US President Donald Trump rejected a peace proposal from Iran.

With these various sentiments, Phintraco projects that the JCI will continue to weaken and test support levels around 6,750-6,850.

Throughout the trading session, 263 stocks rose, 463 fell, and 233 were unchanged. The BEI’s market capitalisation stood at Rp12,283 trillion.

Trading activity today reached 39.08 billion shares with a frequency of 2.8 million transactions, while the transaction value was Rp20.41 trillion.

By sector, only the infrastructure sector recorded a gain of 1.52% at the close of trading today.

In contrast, declines were seen in the transportation sector by 2.88%, energy sector by 2.02%, financial sector by 1.74%, industrial sector by 1.46%, health sector by 1.05%, primary consumer goods sector by 0.88%, property sector by 0.80%, technology sector by 0.53%, basic materials sector by 0.19%, and non-primary consumer goods sector by 0.13%.