JCI Enters Oversold Phase, Here Are 4 Stocks for Trading This Week
JAKARTA, KOMPAS.com - The Composite Stock Price Index (JCI) has entered a selling saturation phase after a sharp correction throughout last week. Pressure came from external factors and the weakening rupiah.
The period of 20–24 April 2026 recorded a 6.61% decline in the JCI. The index closed at 7,129.49 on Friday (24/4/2026).
Trading was shorter. The exchange was only open for four days due to the Labour Day holiday.
Equity Analyst at PT Indo Premier Sekuritas, Brigita Kinari, assessed that the pressure was triggered by escalating geopolitics in the Middle East. This situation increased global market uncertainty.
“These external conditions also directly impacted the depreciation of the rupiah’s exchange rate, which plummeted drastically to an all-time low of Rp17,315/USD due to massive capital outflows from the domestic financial market,” said Brigita in a press statement on Monday (27/4/2026).
The pressure intensified after the Morgan Stanley Capital International (MSCI) decision. MSCI froze the rebalancing of the Indonesia index for May 2026.
This condition triggered selling actions by foreign investors. Net sales value reached Rp42.8 trillion since the beginning of the year.
Selling actions were concentrated on large-cap stocks. As a result, the market capitalisation of the Indonesia Stock Exchange fell 6.59% to Rp12,736 trillion.
Both sectors are sensitive to exchange rates and global interest rates. Stocks such as BREN, BBCA, DSSA, BRPT, and FILM became the main index pressures.
Brigita assessed that investors need to adopt a conservative stance. Global and domestic sentiments have not yet shown improvement.
She suggested that investors monitor support levels. Movements in bond yields and energy prices also need to be watched.
Global uncertainty remains high. Negotiations between the United States and Iran have not yet reached an agreement.
The risk of energy supply disruptions is increasing. The Middle East region remains a major factor.
Energy prices have the potential to remain high. This condition is holding back the decline in global inflation.