JCI Opens Higher, Briefly Surpasses 7,000 Level at the Start of Trading

JAKARTA – The Composite Stock Price Index (JCI) began trading in positive territory on Monday (4/5/2026), after experiencing pressure at the end of the previous week. At the market open, the JCI rose 32.11 points or 0.46% to the level of 6,988.91. This strengthening was accompanied by the majority of stocks, with 303 stocks rising, 102 falling, and 288 others stagnant. The morning trading value was recorded at Rp 596 billion with a trading volume of 6.47 billion shares in 63,706 transactions. Meanwhile, market capitalisation stood at Rp 12,495 trillion. In line with the JCI, the benchmark LQ45 stock index also moved higher. This index strengthened by 2.22 points or 0.33% to 671.56. Although it opened higher, analysts predict that the JCI’s movement today still has the potential to face pressure. This follows a 2.03% decline in the index to 6,956.804 on Thursday last week. MNC Sekuritas technical analyst Herditya Wicaksana said that selling pressure still dominates the JCI’s direction. Market participants are currently tending to wait for the release of domestic economic data, particularly inflation and the trade balance. Capital market observer and Founder of Republik Investor Hendra Wardana predicts that the JCI support level is in the range of 6,850-6,900. Meanwhile, resistance is in the range of 7,050-7,300. According to him, the opportunity for strengthening towards the 7,100 area remains open, provided that global sentiment remains positive, especially regarding geopolitical developments in the Middle East. However, risks remain if oil prices rise again or the US dollar strengthens sharply. Such conditions could push the JCI back to test levels below 6,900. In recent years, the JCI’s movement in May has tended to move sideways to limited weakening, especially when domestic catalysts are scarce. Nevertheless, short-term rebound opportunities remain open, although a solid upward trend has not yet formed. Sector rotation is also starting to appear along with the decline in oil prices. Energy sector stocks are potentially facing normalisation, while sectors sensitive to inflation and interest rates such as banking, consumer, and property are beginning to receive positive sentiment.