JCI Rises 2.75% as Oil Prices Plummet; Here Are the 3 Top Gainers in the LQ45
The Jakarta Composite Index (JCI) recorded a higher gain at the close of trading on Wednesday, 25 March 2025. The JCI soared 2.75% or 195.28 points to break through the 7,302.12 level.
Based on monitoring by VIVA through Stockbit, the JCI consistently moved upwards after the first session from 7,194, where towards the close the index jumped quite high from 7.525 to break into the 7,302 area. Nevertheless, the JCI briefly dipped into negative territory at around 7,065 at the start of the trading session.
The transaction value was recorded at Rp 25.87 trillion with a trading volume of 384.16 million. Meanwhile, the total number of trades was 2.13 million.
The majority of stock sectors posted positive results, led by the industrials sector at 5.98%. Meanwhile, the basic materials sector weakened by 0.17% and the health sector declined by 0.12%.
The energy sector strengthened by 5.15%, the cyclical consumer sector rose 3.84%, and the transportation sector jumped 3.30%. Gains were also recorded in the infrastructure sector at 3.45%, the non-cyclical consumer sector up 2.31%, the technology sector increasing 1.33%, the property sector surging 0.92%, and the financial sector up 0.71%.
The Phintraco Sekuritas analysis team revealed that positive factors stemmed from the strengthening of Asian stock indices and the correction in global oil prices after reports that the United States (US) is seeking to reduce tensions in the conflict with Iran. The US government is reportedly conveying a peace proposal to Iran through Pakistan, including strict restrictions on Iran’s nuclear programme and the reopening of the Strait of Hormuz.
“Although it is unclear whether this proposal has reached Iranian officials and whether Israel will support the US plan. However, the report has already driven a correction in global oil prices,” said the Phintraco Sekuritas analysis team, quoted from its daily research on Wednesday, 25 March 2025.
West Texas Intermediate (WTI) crude oil weakened by around 5% to US$87 per barrel. Similarly, Brent crude corrected by more than 6% to US$98 per barrel as of Wednesday afternoon.
From a technical perspective, there was a narrowing of the negative MACD histogram, and the Stochastic RSI formed a Golden Cross in the overbought area. The JCI also closed above the MA5 accompanied by an increase in buy volume.
On the domestic front, the driving factor came from Finance Minister Purbaya stating that efficiency steps across various ministries to cut non-essential spending could save around Rp 80 trillion. Additionally, the National Nutrition Agency (BGN) proposed reducing the frequency of daily meal distributions as an efficiency measure, potentially saving around Rp 40 trillion.