JCI Plunges 3 Percent, Retail Investors Urged to Be More Selective

JAKARTA, KOMPAS.com - The Composite Stock Price Index (JCI) closed in the red today, settling at 7,134, down 3.30 percent or 245.96 points at 14:32 WIB. Previously, the JCI fell 3.06 percent or 225.75 points at the end of the first session compared to its opening level. In the first session, the JCI stood at 7,152.85. The plunge in the JCI today was due to three sectors dragging it down: energy fell 29.62 points, financials dropped 20.77 points, and basic materials declined 20.56 points. This occurred alongside rising oil prices pressuring sentiment, amid stalled peace negotiations between the US and Iran and ongoing disruptions in the Strait of Hormuz. “Ongoing supply uncertainty keeps energy prices high, reinforcing concerns over inflation and global growth,” he said in his research on Friday (24/4/2026). Meanwhile, in Japan, he explained, the Nikkei index strengthened after inflation rose from 1.3 percent to 1.5 percent previously. However, the gains remained limited as this was still below the Bank of Japan’s (BoJ) 2 percent target. Domestically, the JCI tumbled after Fitch Ratings downgraded the credit outlook for four major Indonesian banks—Bank Mandiri (BMRI), Bank Rakyat Indonesia (BBRI), Bank Central Asia (BBCA), and Bank Negara Indonesia (BBNI)—from stable to negative. On the other hand, to protect crude oil stocks amid the Middle East conflict, the government secured 150 million barrels of Russian oil as part of the national energy strategy. Nico explained that in the first session today, the stocks with the largest gains were BNBA, BRNA, RODA, DIVA, and CTTH. Meanwhile, the stocks with the largest declines were SKBM, HOPE, LPPF, KOBX, and DEFI. He himself recommends investors to collect ESSA with support and resistance in the 920–1,020 range. Phintraco Sekuritas explained that the JCI fell today in the first trading session due to technical factors, with the MACD indicator forming a death cross accompanied by the stochastic RSI pointing downwards in the pivot area.