JCI Pares Losses, Closes Down 0.25%
The Jakarta Composite Index (JCI) weakened during trading on Tuesday (23/6/2026), amid cautious market sentiment as investors await the MSCI announcement tomorrow. At the close of trading today, the JCI fell 0.25%, or 15.36 points, to a level of 6,101.33. During the second intraday session, the JCI had been pressured deeper to a level of 5,993.04.
Transaction value until the end of trading was relatively busy, reaching Rp 32.94 trillion with a volume of 41.54 billion shares changing hands across 1.79 million transactions. A total of 282 stocks rose, 373 stocks fell, and 160 stocks remained stagnant. The most actively traded issuers today were DSSA, TPIA, BBCA, BBRI, and BMRI.
The majority of trading sectors strengthened, with the deepest correction recorded by the energy sector, which was pressured by 3.62%. Other sectors that also came under significant pressure included financials and consumer goods. Specifically, shares of Bayan Resources (BYAN), which entered its ex-dividend date yesterday, were the main drag on the JCI’s performance, contributing a decline of 20.66 index points. Other issuers that weighed on the JCI’s performance included BBCA, BMRI, and MDKA.
The MSCI Classification announcement is scheduled for 24 June 2026. Market participants are awaiting the fate of the Indonesian market, whether it will retain its Emerging Market status or be downgraded to Frontier Market.
In addition, a number of important sentiments are expected to colour the movement of the Jakarta Composite Index. Positive sentiment came from the easing of geopolitical tensions in the Middle East, which triggered a decline in world oil prices, the government’s economic stimulus, and plans to diversify state financing through the issuance of Panda Bonds.
The most positive news for the market came from developments in the relationship between the United States and Iran. The US officially eased sanctions against Iran for 60 days after the initial round of peace talks showed significant progress. The market response was swift. The price of Brent crude oil for August delivery closed down 3.31% at US$77.90 per barrel, while West Texas Intermediate crude oil weakened 2.32% to US$74.82 per barrel.
The decline in oil prices is a positive sentiment for Indonesia as a net oil importer. Lower energy prices have the potential to reduce inflationary pressures, maintain rupiah stability, and improve the government’s fiscal prospects. Domestically, the government also recently announced a second-semester 2026 economic stimulus package worth Rp 26.34 trillion. The stimulus includes food aid, a national internship programme, transport discounts, flight ticket subsidies, and incentives for the industrial sector. The stimulus package is expected to maintain public purchasing power while supporting economic growth amid global uncertainty.
Furthermore, the market is also observing the government’s plan to issue Panda Bonds, or Chinese yuan-denominated debt securities. Finance Minister Purbaya Yudhi Sadewa stated that the scheme could reduce dependence on the US dollar and help ease pressure on the rupiah through a Local Currency Transaction mechanism.