JCI Opens in the Red and Shadowed by Weakness Amid Global Energy Price Volatility
Jakarta, VIVA – The JCI opened weaker by 76 points or 1.08 percent at the level of 7,020 on the opening of trading on Monday, 30 March 2026.
Head of Retail Research at BNI Sekuritas, Fanny Suherman, predicted that the JCI has the potential to weaken in today’s trading.
“The JCI has the potential to weaken again today,” said Fanny in her daily research on Monday, 30 March 2026.
She stated that Asian stock markets were mixed amid global pressures on the previous Friday, following the decline in Wall Street. This was in line with the threat of prolonged energy volatility from the war in the Middle East, which is driving borrowing costs to surge.
Investors received a slight positive sentiment after US President Donald Trump extended the ultimatum for an attack on Iran’s power plants by 10 days, after previously delaying the initial 48-hour deadline five times.
Meanwhile, there is no certainty that the Strait of Hormuz can be reopened for oil shipments in the near future. Iran rejected the US proposal to end the conflict, calling it “one-sided and unfair”.
Japan’s Nikkei 225 index fell 0.4 percent, while the Topix rose 0.2 percent. South Korea’s KOSPI index weakened by 0.4 percent, while the Kosdaq strengthened by 0.4 percent. Meanwhile, China’s benchmark stock index rose 0.6 percent, Hong Kong’s Hang Seng strengthened by 0.4 percent, and Australia’s S&P/ASX 200 fell 0.11 percent.
On the other hand, Norway’s Norges Bank became the latest central bank to warn of inflation risks and the possibility of interest rate hikes as the war continues.
After holding policy on Thursday, 26 March 2026, the bank projected it will raise interest rates this year, far from previous forecasts that projected three cuts until the end of 2028.
“JCI support is at the level of 6,900-7,000 while JCI resistance is in the range of 7,130-7,160,” she said.
For information, Wall Street stock indices fell significantly at the close of trading last Friday. The Dow Jones index fell 1.73 percent, the S&P 500 weakened by 1.67 percent, and the Nasdaq Composite decreased by 2.15 percent. Brent crude oil prices were recorded at US$112.57 per barrel, while West Texas Intermediate (WTI) was at US$99.64 per barrel.
The rise in oil prices was caused by tensions in the Strait of Hormuz, a major global energy distribution route. The Iranian government reportedly closed access to that route, while several incidents involving international ships are further worsening market concerns regarding energy supplies.