JCI Remains Under Pressure, Opening Session Corrects 0.38% to Level 6,416
The Indonesia Composite Index (JCI) opened slightly higher in trading on Monday (21/09/2026), but shortly after the market opened, the index reversed direction into the red zone.
According to IDX Mobile data, the JCI rose slightly by 5.74 points or 0.09% at the opening of trading to the level of 6,446.89. However, a few minutes after the market opened, the JCI corrected by 0.38% to the level of 6,416. The index moved within a range between a low of 6,409 and a high of 6,451 during the early morning session.
A total of 220 stocks strengthened, 8_9 stocks weakened, and 344 stocks remained stagnant. Transaction value reached approximately Rp 141.62 billion, with a trading volume of 268.37 million shares changing hands 33,914 times.
Financial market movements this week will be overshadowed by tensions in the Middle East, interest rate decisions from several central banks, and the release of domestic and international economic data. The market will closely monitor the conflict between the Houthis and Saudi Arabia, the interest rate hike by the Bank of Japan (BOJ), and China’s decision to maintain its Loan Prime Rate. Domestically, primary attention is focused on the Bank Indonesia Board of Governors Meeting (RDG) and developments in the money supply.
Meanwhile, the United States is scheduled to release durable goods orders data at the end of the week. Asian stock markets moved diversely during Monday’s trading, as investors scrutinised global economic developments and the scheduled meeting between US President Donald Trump and Chinese President Xi Jinping this week.
The South Korean Kospi index rose 0.85% at the opening, while the small-cap Kosdaq index strengthened by 0.43%. In Australia, the benchmark S&P/ASX 200 weakened by 0.49% at the start of trading. Meanwhile, the Japanese stock market closed due to a national holiday, resulting in no trading today.
Market movements are also being influenced by US monetary policy and high energy commodity prices. The Federal Reserve (The Fed) raised interest rates last week for the first time in three years as the US continues to face stubborn inflation and high bond yields. Oil prices currently remain around US$100 per barrel, while 10-year US Treasury yields also remain near the 5% level. These conditions are a concern for investors as they could increase inflationary pressure and influence the direction of global monetary policy.
Amidst these conditions, the meeting between Trump and Xi is one of the key agendas attracting market attention this week. The meeting will discuss several economic issues, including trade tariffs, critical minerals, artificial intelligence (AI), and various other economic matters. Ahead of the meeting, US Treasury Secretary Scott Bessent also met with Chinese Vice Premier He Lifeng. The meeting between Bessent and He was conducted as part of the preliminary talks before Trump’s visit and meeting with Xi.