JCI Rebounds After Eid Holiday, Up 1.01% to 7,178 Level
JAKARTA, KOMPAS.com - The Composite Stock Price Index (JCI) opened stronger in trading on Wednesday (25/3/2026). The index rose 1.01 per cent or added 72.10 points to the level of 7,178.94.
This strengthening occurred after the JCI had opened at the level of 7,084.62 and moved fluctuatively at the start of the session.
Intraday, the JCI weakened to touch the lowest position of 7,057.22 before reversing direction and continuing to strengthen to 7,184.17.
From the activity side, the transaction volume reached 12.75 billion shares with a transaction value of around Rp 7.09 trillion and a frequency of 621,661 times. In terms of market breadth, 450 stocks strengthened, 188 stocks weakened, and 101 stocks were stagnant.
“The projection for the movement of the Indonesian stock market after the long Nyepi and Eid holidays will basically still be heavily influenced by a combination of global sentiments and domestic seasonal factors,” said Hendra when contacted by Kompas.com on Tuesday (24/3/2026).
According to him, the global conditions during the long holiday period showed relatively positive signals. The US and Asian stock exchanges were recorded as strengthening in line with the easing of geopolitical tensions and the beginning of stabilising energy prices. That situation became an initial catalyst that has the potential to drive optimism in the domestic market.
Historically, the JCI has a tendency to experience a technical rebound after the long Eid holiday because before the long holiday, investors usually carry out profit-taking and wait-and-see, so after the holiday ends, funds flow back into the market.
With that pattern, the JCI is expected to strengthen in trading. However, this strengthening is still limited and tends to be in a consolidation phase. Technically, the index has the opportunity to test the resistance area in the range of 7,150-7,200.
“With that condition, the JCI has the potential to move stronger at the opening after the holiday, but this strengthening is expected to still be limited in nature and tend to be in a consolidation phase with the potential to test the resistance area in the range of 7,150-7,200,” he explained.
In that scenario, the index could even test the psychological support area at the 7,000 position, which is currently an important boundary to keep the JCI trend in a healthy consolidation phase.
The market movement this week is also expected to respond to commodity price dynamics, especially gold and energy. A decline in gold prices, for example, often serves as an indicator that market concerns are starting to ease and investors are shifting back to risky assets like stocks.
Nevertheless, Hendra assesses that investors will still be cautious. The domestic market is expected not to move aggressively right away because market players are waiting for clarity on the direction of global interest rate policies and future geopolitical stability.