Indonesian Political, Business & Finance News

JCI Plunges 0.69%, Two Shares Act as Main Drag

| Source: CNBC Translated from Indonesian | Finance
JCI Plunges 0.69%, Two Shares Act as Main Drag
Image: CNBC

The Jakarta Composite Index (JCI) closed weaker on Monday (10/8/2026) trading, after briefly moving in the green zone at the start of the session. The JCI closed at 6,365.37, down 44.28 points or 0.69% from the previous close. The JCI had strengthened and touched a high of 6,462.74 during today’s trade. However, the index then reversed direction to reach a low of 6,362.76. Trading data showed 306 shares advanced, while 340 shares declined and 317 other shares remained stagnant. Total trading volume reached 45.25 billion shares with a transaction value of Rp18.09 trillion. Trading frequency was recorded at approximately 2.60 million transactions. A number of large-capitalisation shares were the main drag on the JCI’s movement today. PT Telkom Indonesia (Persero) Tbk (TLKM) weighed by 9.39 points, followed by PT Barito Renewables Energy Tbk (BREN) at 6.12 points, and PT Bank Mandiri (Persero) Tbk (BMRI) at 3.69 points. PT Barito Pacific Tbk (BRPT) exerted pressure of 2.95 points, while PT Sejahteraraya Anugrahjaya Tbk (SRAJ) contributed 2.27 points of pressure. Other shares that also weighed on the JCI included PT Chandra Asri Pacific Tbk (TPIA) at 2.14 points, PT Sumber Alfaria Trijaya Tbk (AMRT) at 1.77 points, PT VKTR Teknologi Mobilitas Tbk (VKTR) at 1.39 points, PT Petrindo Jaya Kreasi Tbk (PTRO) at 1.36 points, and PT Mora Telematika Indonesia Tbk (MORA) at 1.04 points. On the other hand, a number of shares still managed to provide positive contributions. PT Sinar Mas Multiartha Tbk (SMMA) was the largest support with a contribution of 3.37 points, followed by PT Merdeka Copper Gold Tbk (MDKA) at 2.37 points and PT United Tractors Tbk (UNTR) at 1.76 points. PT Arkora Hydro Tbk (ARKO) contributed 1.60 points and PT Garuda Indonesia (Persero) Tbk (GIAA) contributed 1.41 points. Meanwhile, the pressure on the JCI was reflected by the majority of sectors ending in the red zone. The utilities sector was the deepest decliner, falling 2.61%, followed by healthcare which dropped 1.41% and primary consumer goods which weakened 1.08%. The technology sector fell 0.72%, raw materials weakened 0.60%, property dropped 0.36%, and financials corrected 0.21%. Amid the JCI’s weakness, foreign investors recorded a net buy of Rp393.71 billion in the first trading session. Total foreign transactions in that period consisted of foreign buy of Rp3.32 trillion and foreign sell of Rp2.93 trillion. Shares most targeted by foreign investors in the first session included DSSA with a net buy of approximately Rp216.46 billion, MDKA at Rp62.70 billion, TINS at Rp35.79 billion, PSAB at Rp30.20 billion, and BBCA at Rp28.38 billion. Conversely, the shares most sold by foreign investors were TPIA with a net sell of approximately Rp244.77 billion, followed by BMRI at Rp212.57 billion and BBRI at Rp97.13 billion.

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