JCI Dips to 6,765 Level Today

The Composite Stock Price Index (JCI) experienced a decline to the level of 6,765.54 during today’s trading. However, by the close, the JCI held steady at 6,858.9, down 0.68% from the morning opening level of 6,905.62.

Phintraco Sekuritas Research Head Ratna Lim assessed that the weakening of the rupiah exchange rate to Rp17,500 per US dollar was one of the factors. “Along with anticipation of weighting reductions by MSCI (Morgan Stanley Capital International) as a negative factor driving the JCI’s weakness,” she said, on Tuesday, 12 May 2026, quoted from Antara.

At the beginning of the year, the rupiah was recorded at Rp16,691 per US dollar. It then weakened by 4.82% to Rp17,495 per US dollar at the close of trading today.

Other factors, according to Ratna, include the rise in yields on 10-year government bonds by 10 basis points to 6.72%, the highest level in the past two weeks. This was caused by rising oil prices, which raised concerns over the widening state budget deficit (APBN).

In the United States (US), government bond yields rose ahead of the release of inflation data. Meanwhile, in the UK, government bond yields climbed to the highest level since 2008 amid pressure on the British Prime Minister to step down from office.

The JCI was recorded down 20.68% from the beginning of 2026 at the level of 8,646.94 and once reached a high of 9,134.7. The decline began with sentiments from MSCI’s assessment of several issuers listed on the exchange, followed by other institutions.