JCI Falls 0.98% at Start of Week, 445 Stocks in the Red
The Indonesia Composite Index (JCI) began trading this week in the red despite several improving market sentiments. At the close of the second session on Monday (22/06/2026), the JCI plunged 0.98%, or 60.45 points, to the level of 6,116.69.
Based on data from the Indonesia Stock Exchange (IDX), the JCI fluctuated throughout the day, reaching a high of 6,226.72 and a low of 6,052.94.
Trading activity today was observed to be quite busy. The transaction value reached Rp 13.48 trillion, with a trading volume of 22.47 billion shares changing hands across 1.73 million transactions.
In terms of stock movement, 221 stocks strengthened, 445 stocks weakened, and 147 stocks remained stagnant. The market capitalisation of the Indonesia Stock Exchange was recorded at the level of Rp 10,735 trillion.
Most trading sectors weakened, with only the energy sector strengthening today. The healthcare, basic materials, and financial sectors experienced the deepest corrections. Several issuers that weighed on the JCI’s performance today included BBRI, TLKM, BMRI, BBCA, and SMMA.
In the first trading session of this week, domestic financial market participants will closely observe several important sentiments from both domestic and international sources. Domestically, market attention will also be focused on the MSCI Classification announcement scheduled for 24 June 2026. This announcement is significant as it relates to market accessibility and can influence global investors’ perceptions of the Indonesian capital market.
Previously, on Friday, MSCI released its 2026 Global Market Accessibility Review. In that report, Indonesia maintained its status as an Emerging Market, meaning the Indonesian capital market is still considered to meet the criteria for a developing market. However, the report also provided an important note for Indonesia; MSCI downgraded Indonesia’s rating on the Information Flow criterion from a ‘+’ to a ‘-’.
The MSCI announcement this week will be closely scrutinised. If Indonesia is maintained with limited notes, pressure on the stock market could subside. However, if MSCI provides additional negative signals, concerns regarding foreign fund flows may increase again.
Another sentiment the market will monitor at the start of this week is the development of the US-Iran war. Hopes for peace emerged after US President Donald Trump and Iranian President Masoud Pepereshkian signed a 14-point peace memorandum of understanding (MoU) virtually last Wednesday. However, the process towards a permanent agreement has not been smooth. The US-Iran peace talks, originally scheduled to take place in Burgenstock, Switzerland, on Friday (19/06/2026), were cancelled.
In the latest development, US President Donald Trump has threatened to attack Iran again, even as Vice President JD Vance met with Iranian officials in Switzerland in the first negotiations following the temporary peace agreement. The meeting was overshadowed by Tehran’s decision to once again close the Strait of Hormuz, citing the US’s failure to ensure a ceasefire in Lebanon.
Trump is demanding that Iran cease its support for Hezbollah and has warned that the US will strike harder if the conflict continues. Furthermore, according to a Fox News report, Trump threatened that Iran would “lose its country” if it continues to close the Strait of Hormuz.
For the market, developments in the Strait of Hormuz are critical, as this route is one of the main arteries of global oil trade. If tensions escalate and disrupt global energy flows, oil prices have the potential to remain high.