JCI Ends First Session Up 1.09% at 5,446

Jakarta, CNBC Indonesia – The Jakarta Composite Index (JCI) ended Friday’s first trading session in positive territory on 23 October 2026. It stood at 5,446.74, up 58.84 points, or 1.09%.

The JCI had been rising since opening at 5,397.34. Although the index came under pressure and touched an intraday low of 5,366.29 in the minutes after the market opened, it briefly climbed to around 5,450 shortly before 10am Western Indonesian Time.

During the session, the JCI also retreated to around 5,400 before regaining ground and reaching an intraday high of 5,452.77.

Trading volume totalled 208.68 million lots, with transactions worth Rp7,286.21 billion, or around Rp7.29 trillion.

On Friday, the market continued to monitor several domestic developments, particularly government policy, conditions in the banking industry and economic liquidity. The sharp fall on Wall Street was also in focus as a global market sentiment.

Domestically, attention was on President Prabowo Subianto’s remarks on natural resource management and plans to streamline state-owned enterprises (SOEs).

Other areas of focus included bank credit growth reaching its highest level in a decade, expectations of an increase in new lending towards the end of the year, and a government programme to expand access to bank accounts.

Market participants were also awaiting Bank Indonesia’s (BI) September 2026 broad money data, following a slowdown in growth for two consecutive months.

Investors were also watching the Indonesia Stock Exchange’s (IDX) change to the JCI’s calculation rules. From 2 November 2026, shares classified as having High Shareholding Concentration (HSC) will no longer be included in the index.

According to an IDX disclosure, the policy is intended to make the index better reflect market dynamics. Previously, only shares on the Acceleration Board were excluded from the JCI calculation.

Global sentiment also included the release of Japan’s September inflation data, announced on Friday morning.

Japan’s annual inflation rose to 2.1% in September 2026, from 1.9% in each of the previous two months. This was the highest rate since December 2025 and marked a return of core inflation to above the Bank of Japan’s (BOJ) target.

According to data from Japan’s Statistics Bureau, core inflation, which excludes fresh food but includes energy, reached 2.1% year on year. That was up from 1.7% in August and the highest in nine months. The result was also in line with market expectations.