JCI Opens with a 1.26% Jump

The Composite Stock Price Index (IHSG) opened higher in Friday’s trading session (12/6/2026), returning to positive territory after a correction in the previous session. According to IDX Mobile data at 09.00 WIB, the IHSG opened at 5,960.63, up 74.60 points or 1.27% compared to the previous close of 5,886.03. A total of 318 stocks rose, 83 fell, and 558 remained unchanged. Transaction value was recorded at Rp499.3 billion, with a trading volume of 422.9 million shares changing hands 40,750 times. The Indonesian financial market today continues to face dynamics ranging from war to investors closely monitoring domestic fiscal resilience and ongoing geopolitical and global economic sentiment. The IHSG and the rupiah appeared to weaken following the release of US inflation data, which climbed again, increasing the potential for a rate hike by the Federal Reserve that tends to cripple risky assets such as equities, especially in developing countries like Indonesia. President Donald Trump stated that the US and Iran could potentially sign a peace agreement this weekend, which would reopen the Strait of Hormuz for shipping. However, Iran emphasised that a final decision has not yet been made, although most of the agreement’s contents have been settled. Trump claimed the deal would end the three-month war and ensure Iran does not possess nuclear weapons. He also mentioned that the Strait of Hormuz would be reopened immediately after the agreement is signed. Trump’s statement came after he cancelled a planned military strike on Iran due to progress in negotiations. The news boosted US stocks and lowered oil prices. Meanwhile, the European Central Bank yesterday officially decided to raise its benchmark interest rate by 25 basis points to 2.4%. This tightening step marks the first increase since 2023, driven by policymakers’ commitment to anchoring inflation back to the medium-term target of 2%. The decision directly responds to the surge in energy costs and persistent inflation risks due to the escalation of war in the Middle East and disruptions to oil shipping routes through the Strait of Hormuz. Following the policy move, the ECB revised its headline inflation projection for 2026 upwards to 3.0% from 2.6%, and the 2027 projection to 2.3%. Core inflation was also revised up to 2.5% for both 2026 and 2027. Conversely, the eurozone’s economic growth outlook was cut to 0.8% for 2026 and 1.2% for 2027. In other developments, the 2026 World Cup in the Americas began today, Friday, in the early hours WIB. However, it should be noted that the World Cup tends to reduce liquidity in stock exchanges, a phenomenon consistently observed in IHSG historical data since 2002. Nevertheless, the likely sluggishness in transaction activity this time is not solely caused by investors shifting their focus to entertainment, but rather reflects a risk-off stance in response to global macroeconomic uncertainty, particularly amid the ongoing war in the Middle East region.