JCI Corrects Nearly 20 Percent, Yet Number of Stock Investors Rises 30 Percent
The Financial Services Authority (OJA) has reported on the development of Indonesia’s capital market industry in April 2026. The performance of the Composite Stock Price Index (JCI) underwent a correction of nearly 20 percent from the beginning of 2026 until April 2026. However, on the other hand, OJA recorded that the number of stock investors actually increased by up to 30 percent.
“The domestic stock market in April 2026 still appears to be moving dynamically, in line with high global uncertainty and the ongoing volatility in global financial markets. The JCI was recorded to close at the level of 6,956.80 at the end of April 2026, or a correction of 1.3 percent month-to-month (mtm), or already a correction of 19.55 percent year-to-date (ytd),” stated the Head of Capital Markets, Derivative Finance, and Carbon Exchange Executive of OJA, Hasan Fawzi, during the online press conference of the May 2026 Commissioners’ Board Meeting held on Tuesday (5/5/2026).
Although the JCI experienced weakening, Hasan stated that the resilience and liquidity in the domestic capital market as a whole remained positive. The average spread or range between bid and ask in the domestic stock market in April remained at a low level, namely 1.33 times, indicating that market liquidity was well maintained.
In the bond market, the Indonesia Composite Bond Index (ICBI) closed at the level of 436.38 at the end of April 2026, or up 0.74 percent (mtm). This development was supported by a decrease in the average yield of Government Securities (SBN) by 3.9 basis points (mtm), reflecting the resilience of the domestic bond market. Non-resident investors recorded a net buy in the SBN market of Rp 8.8 trillion month-to-date (mtd) as of 29 April 2026.
The investment management industry also continued to record positive performance throughout 2026 or up to April 2026. The Net Asset Value (NAV) of mutual funds reached Rp 711.89 trillion, or positive growth of 2.32 percent (mtd) and also positive growth of 5.41 percent (ytd). OJA assesses that the mutual fund industry’s performance, which remains stable, is supported by the tendency of mutual fund investors to continue making subscriptions, with a net subscription figure of Rp 8.11 trillion (mtd) and a total of Rp 37.24 trillion (ytd).
Hasan also conveyed developments in the number of investors in Indonesia’s capital market. According to his records, the increase in the number of capital market investors was quite high, reaching 30 percent in the first four months of 2026.
“The number of investors in the domestic capital market also continues to follow the trend of significant increases, again gaining an addition of 1.74 million new investors month-to-month in April 2026. Thus, the total number of our investors has reached 26.49 million or has grown by 30.06 percent year-to-date,” he stated.