JCI Opens Higher at Start of April on Global Optimism Over Mid-East Tensions
JCI Opens Higher at Start of April on Global Optimism Over Mid-East Tensions
01 Apr 2026 10:14 WIB
Voice of Indonesia
Key Points
On Wednesday, April 1, 2026, the Jakarta Composite Index (JCI) on the Indonesia Stock Exchange (IDX) opened higher on market expectations of easing geopolitical tensions in the Middle East.
The JCI resistance level is estimated at 7,100–7,200.
RRI.CO.ID, Jakarta - Global optimism lifted the Indonesian stock market into positive territory at the opening of trading on Wednesday, April 1, 2026. Investors responded to signs of easing geopolitical tensions in the Middle East while awaiting the release of domestic economic data.
The Jakarta Composite Index (JCI) on the Indonesia Stock Exchange (IDX) opened 101.03 points higher, or 1.43 percent, at 7,149.25. The LQ45 index, which tracks blue-chip stocks, also rose 11.78 points, or 1.65 percent, to 727.59.
Phintraco Sekuritas Head of Research Ratna Lim said expectations of de-escalation in the Middle East conflict have increased investor appetite for risk assets. “The JCI is estimated to test the resistance level at 7,100–7,200,” Ratna noted in her analysis in Jakarta on Wednesday, as quoted by Antara.
Globally, markets are reacting to signals of a possible shift in US policy regarding the conflict. Iranian state media reported that the country is open to ending hostilities if provided with security guarantees, though investors remain cautious about the credibility of the information.
Falling crude oil prices also boosted sentiment in European and US markets. On Tuesday’s session, the Euro Stoxx 50 rose 0.49 percent, the UK’s FTSE 100 gained 0.48 percent, Germany’s DAX added 0.52 percent, and France’s CAC climbed 0.57 percent.
On Wall Street, the Dow Jones Industrial Average advanced 2.49 percent to 46,341.51, the S&P 500 gained 2.91 percent to 6,528.52, and the Nasdaq Composite surged 3.43 percent to 23,740.19. Asian markets also moved higher, with Japan’s Nikkei rising 4.16 percent and Hong Kong’s Hang Seng gaining 1.98 percent.
Domestically, investors are awaiting several key indicators due on April 1. The March Manufacturing Purchasing Managers Index (PMI) is expected to ease to 51.2, the February trade surplus is projected at USD 1.2 billion, and March inflation is forecast at 0.3 percent month-to-month and 4.9 percent year-on-year.
The government has confirmed that prices for both subsidized and non-subsidized fuel will remain unchanged.
Other policies drawing market attention include the introduction of work-from-home arrangements for civil servants every Friday starting April 1, the accelerated implementation of B50 biodiesel, and budget efficiency measures across ministries amounting to IDR 130 trillion (approx. USD 7.64 billion). ***
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