JCI Corrects on 6 April 2026 as Middle East Conflict Pressures Market Sentiment
The Composite Stock Price Index (JCI) on the Indonesia Stock Exchange opened weaker during Monday morning’s trading, as market participants continue to monitor developments in the geopolitical conflict in the Middle East, particularly between the United States and Iran.
The JCI today at opening fell 25.22 points or 0.36% to the level of 7,001.56. Meanwhile, the benchmark LQ45 stock index also corrected by 0.43% to 711.53.
Head of Research at Phintraco Sekuritas, Ratna Lim, estimated that the JCI has the potential to retest the support level in the range of 6,900–7,000 in the short term.
From external factors, the dynamics of the conflict in the Middle East are expected to remain the main focus of the market throughout this week. Market participants will assess whether the situation is heading towards de-escalation or developing into a broader conflict.
Additionally, attention is also focused on developments regarding the reopening of the Strait of Hormuz. Donald Trump is said to have given Iran a deadline until 6 April 2026 to reopen the route, with threats of military escalation if not met.
On the other hand, global market participants are also awaiting several US economic data releases, including the FOMC minutes from The Fed, inflation data, ISM Services PMI, Michigan Consumer Sentiment, and Personal Consumption Expenditures (PCE)-based inflation.
Domestically, the implementation of new rules regarding the disclosure of High Shareholding Concentration (HSC) data is seen as potentially triggering short-term volatility. Overhang risks, especially in stocks with low liquidity, are a concern, although this policy is viewed positively in the long term as it increases market transparency.
Investors will also monitor several domestic economic data releases, such as foreign exchange reserves on 8 April, as well as the consumer confidence index and automotive sales on 10 April.
Ratna added that if the geopolitical conflict drags on, crude oil prices could remain at high levels. This condition could widen the state budget deficit if the government increases energy subsidies without other budget adjustments.
“That situation risks triggering capital outflows and continued pressure on the rupiah exchange rate,” she said.