JCI Opens with a 1.26% Jump
Jakarta, CNBC Indonesia — The Indonesia Composite Index (JCI) opened stronger in trading on Friday (12/6/2026), returning to the green zone after the previous trading session experienced a correction.
Based on IDX Mobile data at 09:00 WIB, the JCI opened at the 5,960.63 level, up 74.60 points or 1.27% compared to the previous close of 5,886.03.
A total of 318 stocks strengthened, 83 stocks weakened, and 558 stocks remained stagnant. Transaction value was recorded at Rp499.3 billion with a trading volume of 422.9 million shares, involving 40,750 transactions.
The Indonesian financial market today continues to face dynamics ranging from ongoing warfare to investors closely monitoring domestic fiscal resilience as well as the continuation of global geopolitical and economic sentiments.
The JCI and the Rupiah appear to have begun weakening following the release of US inflation data, which has risen again, increasing the potential for interest rate hikes by the Fed. Such moves tend to dampen risky assets like stocks, particularly in emerging markets such as Indonesia.
President Donald Trump stated that the US and Iran could potentially sign a peace agreement by the end of this weekend, which would reopen the Strait of Hormuz for shipping. However, Iran has emphasised that no final decision has been made, even though most of the agreement’s contents have been finalised.
Trump claimed the deal would end the three-month-long war and ensure Iran does not possess nuclear weapons. He also mentioned that the Strait of Hormuz would reopen immediately after the agreement is signed.
Trump’s statement follows his cancellation of plans for a military strike against Iran due to progress in negotiations. This news drove US stocks higher and caused oil prices to decline.
Meanwhile, the European Central Bank yesterday officially decided to raise its benchmark interest rate by 25 basis points to 2.4%. This tightening move is the first increase since 2023, driven by policymakers’ commitment to anchoring inflation back to the medium-term target of 2%.
This decision is a direct response to surging energy costs and the risk of persistent inflation due to the escalation of war in the Middle East and disruptions to oil shipping routes through the Strait of Hormuz.
Following this policy, the European Central Bank revised its headline inflation projections for 2026 upwards to 3.0% from the previous 2.6%, and for 2027 to 2.3%.
Core inflation was also revised upwards to 2.5% for both 2026 and 2027. Conversely, the economic growth outlook for the Eurozone was cut to 0.8% for 2026 and 1.2% for 2027.
In other developments, the 2026 World Cup in several countries across the Americas began early Friday morning at 02:00 WIB, with the second match scheduled for 09:00 WIB.
However, it should be noted that the World Cup tends to reduce liquidity in the stock market, a phenomenon observed in JCI historical data since 2002.
Nevertheless, the possibility of sluggish transaction activity this time is not merely caused by a shift in investor focus towards entertainment, but rather reflects a ‘risk-off’ approach in response to global macroeconomic uncertainty, especially with the ongoing war in the Middle East region.