JCI Stages Dramatic Rebound, Surges Over 1% After Early Dip

The Jakarta Composite Index (JCI) opened slightly weaker on Wednesday (10/6/2026) before staging a sharp reversal. Around 09:00 WIB, the index was down 0.05% at 5,744.06, and deepened its loss to 1.11% at 5,677 a minute later. However, within five minutes of opening, the JCI rocketed over 1.55% to 5,836. Early session activity was busy, with 1.83 billion shares traded worth Rp1.53 trillion across 148,000 transactions. The most actively traded stocks included BBCA, TPIA, BBRI, BMRI and TLKM. Asian markets opened lower after US military strikes on Iran heightened Middle East tensions. South Korea’s Kospi led losses, falling more than 2%, while Japan’s Nikkei 225 fell 0.71%. US futures were also in negative territory. The strikes, described by the US as a self-defence response to the downing of an Apache helicopter, risk disrupting the fragile ceasefire between the two nations. Crude oil prices rose, with WTI futures up about 1% near US$89 per barrel. Domestically, PT Pertamina officially adjusted non-subsidised fuel prices, raising Pertamax (RON 92) to Rp16,250 per litre in Jakarta, a Rp3,950 increase from the Rp12,300 set on 1 June 2026. This marks the first Pertamax adjustment since the Israel-Iran conflict erupted in late February. Investors are also monitoring potential share buyback plans by state-owned bank issuers following a closed-door coordination meeting at the House of Representatives. Deputy Speaker Sufmi Dasco Ahmad stated the meeting discussed the fundamental strength of state banks and the right momentum to repurchase shares depressed by global market sentiment.