JCI Ends in the Red, Correcting 0.38% to Level 6,436.85
The Indonesia Composite Index (JCI) returned to the red zone during trading on Wednesday (16/09/2026). The JCI was recorded at the 6,436.85 level, down 24.30 points or 0.38%.
The index initially opened at 6,453.91, before moving upwards to reach a daily high of 6,535.46. However, this strength could not be sustained until the end of trading. The JCI subsequently reversed and weakened, hitting its lowest level and final recorded position of 6,436.85.
Pressure on the JCI was reflected by the majority of stocks moving in the red zone. It was recorded that 456 stocks experienced a decline, while 213 stocks strengthened and 294 others remained unchanged.
Quoting Stockbit, regarding transaction activity, market-wide data showed transaction volume reaching 242.48 million lots, with a transaction value of Rp11.87 trillion and a transaction frequency of approximately 1.84 million times.
Trading activity was dominated by the regular market. In the regular market, transaction volume was recorded at approximately 228.25 million lots, with a transaction value reaching Rp10.85 trillion. Meanwhile, the transaction frequency in the regular market was recorded at around 1.84 million times.
In addition to the regular market, transactions also took place through the negotiated market. Based on the recorded data, transaction volume in the negotiated market reached 14.25 million lots, with a transaction value of approximately Rp1.02 trillion and a frequency of 544 transactions.
Meanwhile, activity in the cash market was relatively very small compared to the other two markets. Transaction volume in the cash market was only recorded at 36 lots, with a transaction value of approximately Rp15.56 million and a frequency of two transactions.
Quoting Refinitiv data, the pressure on the JCI was felt from the utilities sector, which plummeted by -1.84%, and the technology sector, which fell by -1.36%.
The JCI’s weakness occurred amidst investor attention to global market developments, particularly ahead of the US Federal Reserve’s interest rate decision, as well as fluctuations in global oil prices.
The surge in energy prices has also increased inflation concerns and driven up global bond yields. The 10-year US Treasury yield briefly breached 5.041%, the highest since 2007.
Investors are also awaiting the Federal Reserve’s decision on Thursday (17/09/2026) at 01:00 WIB. The market expects a 25 basis point interest rate hike to the range of 3.75%-4.00%, with a probability reaching 92.4% according to the CME FedWatch tool. Market attention is now focused on signals regarding future interest rate policies.