JCI Fails to End Week on High Note, Correcting 0.47% to 6,636 Level
The Indonesia Composite Index (JCI) corrected and failed to continue its recent gains during trading on Friday (4/9/2026). The JCI fell by 31.42 points or 0.47% to the level of 6,636.48.
According to data from the Indonesia Stock Exchange, the JCI opened at 6,695.69, reaching a high of 6,704.13 and a low of 6,633.93. During the session, 256 stocks strengthened, 363 stocks weakened, and 172 stocks remained stagnant.
Trading volume reached 35.80 billion shares, with a transaction value of approximately Rp 15.04 trillion.
The majority of trading sectors weakened, with the deepest corrections recorded in the consumer, healthcare, industrial, and technology sectors. Conversely, the highest increase was recorded in the energy sector.
Specifically, the issuers that acted as the primary drag on the JCI’s movement today included BBCA, ASII, BMRI, VKTR, and BBRI.
The JCI has the potential to continue its strengthening in upcoming trading, supported by several positive domestic sentiments as well as developments in United States monetary policy.
Domestically, the liquidity relaxation from Bank Indonesia (BI) serves as a primary catalyst. BI has increased the Macroprudential Liquidity Incentive (KLM) policy to 6% starting in September, with the total incentives received by the banking sector reaching Rp446.5 trillion. This policy is expected to encourage credit distribution, particularly to the real sector and MSMEs.
Other positive sentiments include tax incentives on foreign currency-denominated government bonds (SBN), while the government has ensured that the financing for the ‘Koperasi Desa Merah Putih’ programme will not become non-performing loans for the banking sector.
Externally, market attention is focused on United States labour market data tonight, particularly non-farm payrolls (NPL), the unemployment rate, and wage growth. This data will be a key determinant for the direction of the Federal Reserve’s policy.
Positive sentiment also stems from statements by Fed Governor Christopher Waller, who tends to support maintaining interest rates at their current levels in September if subsequent inflation data does not provide any surprises. However, the market still needs to closely monitor labour data, as excessively strong results could potentially maintain inflationary pressure and expectations for higher interest rates for longer.
Meanwhile, US economic data shows that unemployment claims remain low, but the services sector is strengthening, with the ISM Services PMI reaching 55.4 in August. On the other hand, price pressures are increasing, providing mixed signals for the Fed.