JCI Falls Back into the Red, Down 0.97% in First Session

The Jakarta Composite Index (JCI) returned to the red zone during the first trading session on Tuesday (11/8/2026). The JCI was under pressure and fell 1.15% at the start of trading. Based on Indonesia Stock Exchange data at the close of session I, the JCI fell 55.50 points or 0.87% to 6,309.87. The JCI opened at 6,383.81. Throughout the first trading session, the index moved in the range of 6,291.19 to 6,388.58. Pressure on the JCI was reflected by the majority of declining stocks. A total of 169 stocks rose, 488 stocks weakened, and 306 stocks were stagnant. Total trading volume reached 20.04 billion shares with a transaction value of approximately Rp7.83 trillion. Meanwhile, the transaction frequency was recorded at 1.21 million times. All stock sectors were recorded in the red zone during the first trading session. The utilities sector fell 1.38% and financials corrected 1.14%. The technology sector weakened 1.03%, property fell 1%, and non-primary consumer goods corrected 0.98%. Among large-cap stocks, PT Bank Central Asia Tbk (BBCA) was one of the main drags on the JCI. BBCA was at Rp6,250 per share, down 0.20%. The movement of this stock exerted the greatest pressure on the JCI, contributing a decline of approximately 12.47 points. Besides BBCA, VKTR Teknologi Mobilitas (VKTR) exerted pressure of 3.13 points, followed by Dian Swastatika Sentosa (DSSA) at -2.91 points, Bank Mandiri (BMRI) at -2.77 points, and Bank Negara Indonesia (BBNI) at -2.61 points. On the other hand, a number of stocks were still able to make a positive contribution to the JCI. Indosat (ISAT) was the largest contributor to the increase with a contribution of around 0.96 points, followed by Kalbe Farma (KLBF) at 0.93 points, and Indah Kiat Pulp & Paper (INKP) at 0.86 points. The JCI’s movement today is still overshadowed by a number of sentiments coming from both domestic and global sources. US President Donald Trump on Monday (10/8/2026) responded to Iran’s demands for a peace deal with new demands that Tehran pay compensation for victims killed due to war, attacks, and demonstrations. Trump said Iran must pay for the damage that has occurred over the last 50 years, including compensation for US civilians and troops killed in the region. This new demand has the potential to further complicate efforts to reopen the Strait of Hormuz. Previously, Iran demanded compensation, an end to sanctions, and an end to US military threats as conditions for reopening the strategic route. Oil prices surged about 5% on Monday (10/8/2026) due to doubts that the US and Iran would reach an agreement to reopen ship traffic in the Strait of Hormuz. WTI prices closed at US$82.13 per barrel, while Brent was at US$87.72 per barrel.