JCI Plunges 16.91% YTD, OJK Assures Stock Exchange Still Resilient

JAKARTA, KOMPAS.com - The Composite Stock Price Index (JCI) plunged 16.91% year-to-date (YTD) to 7,184.44 as of 1 April 2026. The Head of the Capital Market, Financial Derivatives, and Carbon Exchange Supervisory Executive at the Financial Services Authority (OJK), Hasan Fawzi, stated that the pressure stems from external factors, with Middle East geopolitics as the main trigger. “As of 1 April 2026, the Composite Stock Price Index stood at 7,184.44, having experienced a correction of 16.91% year-to-date,” Hasan said during a press conference at the Indonesia Stock Exchange (BEI) building on Thursday (2/4/2026). Hasan assessed that this condition is not unique to Indonesia. Stock exchanges in the regional and global areas are also facing similar pressures. “We continue to emphasise that this situation is not only experienced by our capital market or our exchange, but also by almost all exchanges in the region and globally. This certainly shows and reflects external dynamics rather than a response solely to domestic fundamental conditions,” he explained. Although the JCI has weakened, market activity remains maintained. The average daily transaction value reached Rp 20.66 trillion throughout March 2026. Liquidity is also considered stable, with the bid-ask spread at 1.55 times, reflecting good market efficiency. “For example, stock transaction activity continues to show solid and high figures, with the average daily transaction value already at Rp 20.66 trillion during March 2026. Market liquidity also remains stable, with the bid-ask spread range at a relatively good level of 1.55 times,” Hasan elaborated. The capital market’s intermediation function continues to operate. As of the end of March 2026, corporate fund-raising reached Rp 51.96 trillion. “And we confirm that so far, the resilience or endurance of our domestic market remains maintained,” he added.