JCI Opens Higher on 12 May 2026 as Market Awaits MSCI Announcement

The Composite Stock Price Index or JCI today, Tuesday 12 May 2026, based on trading data at 09:00 WIB, strengthened by 41.23 points or 0.60% to the position of 6,946.85. This strengthening trend was also followed by the group of 45 leading stocks or the LQ45 index, which rose 1.43 points or 0.21% to the level of 670.06. Although it opened in the green zone, the market remains cautious given that accumulatively (year-to-date), the JCI is still recording a sharp correction of 20.14% from its highest level of 8,646. Besides the JCI, the main focus of market participants today is on the announcement of the MSCI Indonesia Index, scheduled for release on 12 May 2026. This momentum is crucial for the domestic capital market after MSCI previously froze the Indonesia index in February. The market reform steps that have been taken by the Indonesia Stock Exchange (BEI) and the Financial Services Authority (OJK) are hoped to yield positive results in this announcement. Deputy Head of Equity Research & Strategy at Mandiri Sekuritas, Kresna Hutabarat, assessed that the MSCI decision will determine foreign flows. “Whether the weighting of Indonesian issuers in the MSCI index is maintained, increased, or reduced will determine the direction of buying or selling actions by foreign investors in the next two months,” Kresna stated in his remarks. Analysts suggest that investors continue to monitor large-capitalisation stocks (blue chips) in the JCI that have the potential to enter or experience changes in weighting in the MSCI index.