JCI Opens Weaker by 0.75% at 7,322, Market Pressure Continues
JAKARTA – The Composite Stock Price Index (JCI) opened weaker during trading on Friday (24/4/2026). According to data from the Indonesia Stock Exchange (BEI) around 09:08 WIB, the JCI fell 55.65 points or 0.75% to the level of 7,322.96.
The JCI opened at 7,378.07, slightly below the previous close of 7,378.61. Throughout the session, the index moved within a range of 7,313.36 as the lowest level and 7,383.40 as the highest.
From the trading activity side, the transaction volume reached 5.165 billion shares with a transaction value of Rp 2.647 trillion. The trading frequency was recorded at 265,500 times.
Meanwhile, other indices also uniformly entered the red zone. The LQ45 fell 5.34 points or 0.75% to 710.54, while the Jakarta Islamic Index (JII) weakened 0.58 points or 0.12% to 498.35.
The Kompas100 Index corrected 7.89 points or 0.79% to 996.25. The Indonesia Sharia Stock Index (ISSI) fell 1.28 points or 0.48% to 266.21, the IDX30 weakened 3.03 points or 0.77% to 390.24, and the JII70 fell 0.80 points or 0.42% to 191.71.
Analysts predict that the JCI today is vulnerable to correction, after the index rose 2.16% to 7,378.606 at the close of trading on Thursday (23/4/2026).
According to him, the index weakening is influenced by pressure on the rupiah exchange rate and potential foreign fund outflows (capital outflow) from the domestic financial market.
It should be noted that the rupiah currency in the spot market closed depreciated by 105 points to Rp 17,286 per US dollar on Thursday.
“For tomorrow (Friday), we predict the JCI position is still vulnerable to continuing its correction with support at 7,351 and resistance at 7,422, where we expect it will be influenced by the rupiah exchange rate and the tendency of outflows from the market,” said Herditya when contacted by Kompas.com on Thursday night.
The MACD indicator shows a downward trend in line with the RSI which is also experiencing weakening, supported by transaction volume that is above the 20-day average.
He explained that market movements on Friday’s trading will be influenced by two main sentiments, namely developments in communications between the United States (US) and Iran which are progressing slowly, thus increasing global uncertainty and pushing the market towards a more risk-averse direction.
Second, the continued selling pressure from foreign investors. This condition is exacerbated by updates to the global index by MSCI as well as the downgrade of Indonesia’s credit rating outlook to negative by Fitch Ratings.