JCI Opens Up 0.08% to 7,547 Level This Morning
JAKARTA, KOMPAS.com – The Composite Stock Price Index (JCI) rose slightly in trading on Thursday (23/4/2026). According to data from the Indonesia Stock Exchange (IDX) around 09:08 WIB, the JCI increased by 6.25 points or 0.08% to the level of 7,547.86.
The JCI opened at the level of 7,564.42, up from the previous close of 7,541.61. Throughout the session, the index moved within a range of 7,540.57 as the lowest level and 7,582.50 as the highest level.
Meanwhile, other indices also recorded varied movements. The LQ45 rose 0.19 points or 0.03% to 736.16, while the Jakarta Islamic Index (JII) strengthened by 0.18 points or 0.03% to 515.31.
From the trading activity perspective, the market was observed to be quite active. Trading volume reached 4.722 billion shares with a transaction value of Rp1.71 trillion. Trading frequency was recorded at 286,100 times.
Market capitalisation was recorded at the level of Rp13,479 trillion, reflecting the solid value of the domestic stock market amid fluctuations.
Analysts predict that the JCI today will move limited amid global and domestic sentiments still overshadowing the domestic market.
According to them, market participants are still monitoring external developments, particularly regarding the extension of the ceasefire between the United States (US) and Iran, which is seen as a factor restraining the direction of market movements in the short term.
“For tomorrow (Thursday), we predict the JCI movement will still tend to be volatile with support at 7,525 and resistance at 7,570. We predict that investors will still monitor the ceasefire extension by the US,” said Herditya when contacted by Kompas.com on Wednesday night (22/4/2026).
In agreement, Phintraco Sekuritas assessed that the indefinite extension of the ceasefire between the United States and Iran becomes an ambiguous sentiment.
In addition, the potential prolonged closure of the Strait of Hormuz risks keeping crude oil prices high for a longer period.
Technically, the JCI has not been able to break through the MA5 at the level of 7,591, in line with the positive MACD histogram movement that continues to shrink, and the stochastic RSI indicator in the overbought area.
“Therefore, we predict the JCI has the potential to consolidate in the range of 7,500-7,600 in Thursday’s trading (23/4/2026),” stated Phintraco Sekuritas.
This policy is considered consistent in maintaining the stability of the rupiah exchange rate, which is still facing pressure due to global uncertainties.
On the other hand, credit growth shows improvement, with a realisation of 9.49% year-on-year (YoY) in March 2026, up from 9.37% in February 2026.