JCI Remains Sideways, Closes Stagnant at 6,234

The Jakarta Composite Index (JCI) ended Monday’s trading session stagnant at 6,234.49, a marginal decline of 1.63 points or 0.03% from the previous week’s close of 6,236.13. Market players are adopting a cautious stance as they brace for a series of domestic and global sentiments expected to influence trading throughout the week. Total transaction value reached Rp 14.38 trillion, with a trading volume of 38.77 billion shares across 2.33 million trades. A total of 292 stocks advanced, 348 declined, and 150 remained unchanged. Key laggards weighing on the index included BREN, DCII, BBCA, BUVA, and MLPT. The JCI continued to exhibit high volatility after closing up 0.64% the previous week. From the external side, Asia-Pacific bourses opened in negative territory. Japan’s Nikkei 225 fell 1.43%, the Topix dropped 1.45%, and South Korea’s Kospi slumped 4.57%. Australia’s S&P/ASX 200 also corrected by 0.36%. The regional weakness persisted despite US President Donald Trump’s announcement that he had called off a planned attack on Iran, opening the door for potential de-escalation in the Middle East. Investors remained cautious, awaiting further developments in negotiations and the regional geopolitical situation. Domestically, market participants are looking ahead to a slew of critical data releases, including July inflation figures, the manufacturing PMI, and the trade balance, as well as a press conference from the Financial System Stability Committee (KSSK). Attention this week will also be on Indonesia’s second-quarter economic growth data, China’s manufacturing and trade figures, and US employment data, which will provide clues on the Federal Reserve’s future interest rate policy. In terms of capital flows, foreign investors recorded a net sell of Rp 363.53 billion across all markets during the first session. Total foreign transaction value reached Rp 3.72 trillion, comprising Rp 1.68 trillion in purchases and Rp 2.04 trillion in sales. The largest foreign selling pressure was seen in state-owned bank PT Bank Rakyat Indonesia (Persero) Tbk. (BBRI) at Rp 72.81 billion, followed by PT Bank Mandiri (Persero) Tbk. (BMRI) at Rp 68.94 billion, and PT Chandra Asri Pacific Tbk. (TPIA) at Rp 57.56 billion. Other stocks experiencing significant foreign outflows included PT Amman Mineral Internasional Tbk. (AMMN), PT Barito Pacific Tbk. (BRPT), PT Merdeka Gold Resources Tbk. (EMAS), and PT Astra International Tbk. (ASII). Meanwhile, foreign investors accumulated shares of PT Telkom Indonesia (Persero) Tbk. (TLKM) with net purchases of Rp 73.49 billion, followed by PT Bank Central Asia Tbk. (BBCA) at Rp 44.15 billion. Other stocks targeted for accumulation included PT DMS Propertindo Tbk. (KOTA), PT Bumi Resources Minerals Tbk. (BRMS), PT Gudang Garam Tbk. (GGRM), and PT Indofood Sukses Makmur Tbk. (INDF).