Indonesian Political, Business & Finance News

JCI Opens Higher at 7,160 This Morning

| | Source: KOMPAS Translated from Indonesian | Finance
JCI Opens Higher at 7,160 This Morning
Image: KOMPAS

The Composite Stock Price Index (JCI) continued its strengthening at the start of trading on Thursday (7/5/2026). Based on data from the Indonesia Stock Exchange (BEI), the JCI opened at 7,160.79, up 1.35% from the previous close of 7,092.47.

In the morning session, the JCI moved in the range of 7,159.15 to 7,204.78. By early trading, the index was recorded at 7,188.50, strengthening by 96.03 points.

Trading activity was quite brisk, with a transaction volume of 6.78 billion shares and a transaction value of around Rp 4.103 trillion in 526,400 transactions.

From the stock movement perspective, 402 stocks strengthened, 184 weakened, and 373 others were stagnant.

Meanwhile, the Jakarta Islamic Index (JII) strengthened by 7.45 points or 1.58% to 478.14. The KOMPAS100 Index also rose 15.65 points or 1.63% to 974.72.

The ISSI Index was recorded strengthening by 2.99 points or 1.17% to 258.44. Strengthening also occurred in the IDX30 Index, which rose 6.33 points or 1.66% to 387.08.

The JII70 Index added 2.37 points or 1.30% to 185.21.

MNC Sekuritas technical analyst Herditya Wicaksana assessed that today’s index movement will be influenced by global commodity price dynamics, particularly the strengthening of gold prices and the weakening of crude oil prices.

This condition is seen as potentially affecting the movement of commodity-based stocks in the domestic market.

Therefore, Herditya predicts the JCI support level at around 7,047 and resistance in the 7,170 range.

“For Thursday’s trading, we predict the JCI strengthening to be relatively limited and prone to correction with support at 7,047 and resistance at 7,170, where we expect it to be influenced by commodity price movements such as the strengthening of gold and the weakening of crude oil,” said Herditya when contacted by Kompas.com on Wednesday night (6/5/2026).

View JSON | Print