JCI Opens in the Green, Up 0.42% to 7,653 This Morning

JAKARTA, KOMPAS.com – The Composite Stock Price Index (JCI) opened stronger in trading on Friday (17/4/2026). According to data from the Indonesia Stock Exchange (BEI) at the start of the session, the JCI rose 32.15 points or 0.42% to 7,653.53.

The JCI opened at 7,645.81 and moved within the range of 7,613.43 to 7,659.34 during morning trading. This position is higher than the previous close at 7,621.38.

Market activity was observed to be quite active. Trading volume reached 7.046 billion shares with a transaction value of Rp 2.601 trillion and a frequency of 457.7 thousand times. A total of 294 stocks strengthened, 278 weakened, and 387 remained stagnant.

Meanwhile, Sharia-based indices also recorded gains. The Jakarta Islamic Index (JII) rose 5.39 points or 1.02% to 534.66. The Indonesia Sharia Stock Index (ISSI) strengthened 1.40 points or 0.51% to 277.92.

On the other hand, the IDX30 also rose 2.18 points or 0.54% to 405.37. The JII70 recorded an increase of 1.74 points or 0.87% to 201.86.

Analysts predict that the JCI today will move in a limited range with a tendency towards sideways movement, after closing weaker by 0.03% at 7,621.382 on Thursday.

However, technical pressures are beginning to limit the gains. In its research, Phintraco Sekuritas mentioned that the JCI’s position in the overbought area increases the potential for profit-taking.

“Technically, the JCI’s condition still in the overbought area is driving profit-taking. Thus, the JCI is expected to continue moving sideways in the range of 7,550-7,700,” wrote Phintraco Sekuritas in its review on Thursday (16/4/2026).

From the foreign exchange market, the rupiah closed with limited strengthening of 0.02% to Rp 17,136 per US dollar. This strengthening aligns with the trend of Asian currencies tending to strengthen.

This instrument is considered attractive because it offers relatively high returns amid market volatility.

Pressure on the rupiah in recent times has also prompted Bank Indonesia (BI) to strengthen stabilisation measures. One of them is through market interventions and optimisation of SRBI as a liquidity absorption instrument.

BI has even increased the frequency of SRBI auctions from once to twice a week since February 2026, to maintain exchange rate stability amid the rupiah depreciation trend.