JCI Opens 2.80% Lower Amid Foreign Pressure and MSCI Shadows
JAKARTA — The Indonesia Composite Index (JCI) opened weaker in trading on Monday (18/05/2026) amidst global market pressure and rising investor concerns regarding global inflation.
According to data from the Indonesia Stock Exchange (IDX), during the pre-opening session, the JCI fell by 94.344 points or 1.40 per cent to the level of 6,628.976. At the start of the trading session, the JCI continued to move in the red zone, recording a level of 6,535.27, a decline of 188.05 points or 2.80 per cent.
Stock trading activity was observed to be quite active, with transaction volumes reaching 6.284 billion shares and a transaction value of Rp 3.896 trillion. The trading frequency was recorded at 560,900 transactions. In terms of stock movement, 111 stocks strengthened, 564 stocks weakened, and 284 others remained stagnant.
In line with the JCI’s decline, several major stock indices also moved into the red zone. The LQ45 index fell 17.29 points or 2.63 per cent to the level of 640.59. Furthermore, the Jakarta Islamic Index (JII) weakened by 14.98 points or 3.42 per cent to 422.91, while the KOMPAS100 index dropped 28.84 points or 3.23 per cent to 864.41. The JII70 index also corrected by 5.02 points or 2.94 per cent to 165.64.
Analysts predict that the JCI will remain under pressure during today’s trading. Herditya Wicaksana, a technical analyst at MNC Sekuritas, noted that the stock market movement at the start of the week is still being influenced by both global and domestic conditions. Investors are reportedly closely monitoring geopolitical developments in the Middle East, which have the potential to increase uncertainty in global financial markets.
The movement of the Rupiah exchange rate against the US Dollar is also a primary concern for market participants. The weakening of the Rupiah is believed to heighten market fears regarding foreign capital outflows and the stability of the domestic financial market. Consequently, Herditya predicts the JCI support level to be at 6,682, with resistance at the 6,789 position.