JCI Plunges Over 3% in Morning Session, Analysts Predict Correction to Reach 7,100 Level

The Jakarta Composite Index (JCI) continued its sharp correction trend during the first trading session today. The JCI plunged 3.06% or 225.75 points to 7,152.85 on Friday afternoon, 24 April 2026.

The JCI moved within the range of 7,383 and briefly fell to an intraday low of 7,148. The trading value was recorded at Rp13.02 trillion, with a transaction volume of Rp25.91 billion and a total of 1.61 million investor transactions.

All stock sectors were hit by declines. The infrastructure sector fell the most at 4.09%, the energy sector dropped 3.60%, and the industrial sector fell 2.98%.

Analysts from Phintraco Sekuritas assessed that technically, the MACD indicator has formed a death cross. This is accompanied by the stochastic RSI pointing downwards in the pivot area.

“We estimate the JCI has the potential to continue weakening towards the 7,125-7,100 level in the second trading session,” stated the Phintraco Sekuritas analyst in their daily research on Friday, 24 April 2026.

Only two issuers in the leading stock lineup (LQ45) recorded positive results in the first session. Shares of PT Alamtri Minerals Indonesia Tbk (ADMR) strengthened 1.08% or 20 points to 1,865, and shares of PT Vale Indonesia Tbk (INCO) rose 0.75% or 50 points to 6,750.