JCI Opens Weaker at 7,164 in Early Trading on Friday
JAKARTA, KOMPAS.com – The Composite Stock Price Index (JCI) opened weaker in early trading on Friday (8/5/2026). According to data from the Indonesia Stock Exchange (BEI), the JCI fell 10.11 points or 0.14% to the level of 7,164.21.
In the morning session, the JCI today opened at 7,182.96 and briefly moved to a high of 7,186.83. Meanwhile, the index’s lowest level was recorded at 7,148.97.
Share trading activity was quite brisk, with transaction volume reaching 3.206 billion shares and a transaction value of Rp 1.164 trillion. Trading frequency was recorded at 181,300 transactions.
In line with the JCI’s weakening, several major stock indices also moved in the red zone. The LQ45 Index fell 1.48 points or 0.21% to 692.31.
The Jakarta Islamic Index (JII) weakened by 3.04 points or 0.64% to 469.47. The KOMPAS100 Index also declined 4.50 points or 0.46% to 964.12.
Meanwhile, the ISSI Index was recorded with a slight decline of 0.01 points to 257.53. Weakening also occurred in the IDX30 Index, which fell 1.15 points or 0.30% to 387.69.
The JII70 Index corrected by 1.03 points or 0.56% to 182.13.
MNC Sekuritas technical analyst Herditya Wicaksana assessed that investors are still adopting a wait-and-see approach towards developments in the Middle East geopolitics. In addition, market players are also monitoring the release of Indonesia’s foreign exchange reserves data.
Therefore, Herditya estimated the JCI’s support level to be in the 7,115 area and resistance around 7,230.
“For tomorrow (Friday), we predict the JCI has a chance of limited strengthening with support at 7,115 and resistance at 7,230, where investors will still monitor Middle East developments and the release of Indonesia’s foreign exchange reserves,” said Herditya when contacted by Kompas.com on Thursday night (7/5/2026).
Capital market observer and Founder of Republik Investor, Hendra Wardana, assessed that the JCI is now starting to move out of the short-term consolidation phase and attempting to continue the rebound momentum towards an important resistance area.
“However, it should be noted that the 7,200-7,250 area is a fairly strong psychological resistance because it previously became a market distribution area,” said Hendra to Kompas.com.
According to him, as long as the JCI can hold above the 7,100 support and the strong support at 7,050, the rebound trend remains relatively intact. Conversely, if the JCI falls back below 7,100, the market has the potential to move sideways again in the 7,000-7,200 range.
“Technical indicators are also starting to show improvement with increasing buying volume in banking and consumer stocks, although foreign investors are still tending to wait and see,” he explained.
For Friday’s trading, Hendra assessed that the opportunity for the JCI to continue strengthening remains open as long as US-Iran peace sentiments remain intact and oil prices continue to stabilise and decline.
The market is also said to focus on developments in negotiations to open the Strait of Hormuz and certainty in implementing those geopolitical agreements.