JCI Strengthens Driven by Trump's Statement on US Readiness to End Conflict

Sentiment behind this was President of the United States Donald Trump’s statement that the US could end its military involvement in Iran within 2-3 weeks. Jakarta (ANTARA) - The Composite Stock Price Index (JCI) of the Indonesia Stock Exchange (BEI) closed higher on Wednesday afternoon, following Asian regional markets, triggered by a statement from United States President Donald Trump that the US could end its military involvement in Iran within 2-3 weeks. The JCI closed up 136.22 points or 1.93 percent to 7,184.44. Meanwhile, the LQ45 index of 45 leading stocks rose 10.98 points or 1.53 percent to 726.79. “This sentiment is backed by US President Donald Trump’s statement that the US could end its military involvement in Iran within two to three weeks,” said Associate Director of Research and Investment at Pilarmas Investindo Securities Maximilianus Nico Demus, alias Nico, in his analysis in Jakarta on Wednesday. On the other hand, it was also reported that Iranian President Masoud Pezeshkian expressed willingness to end hostilities with several conditions, including international guarantees. “Of course, this situation provides hope for easing tensions between the US and Iran,” Nico said. Domestically, manufacturing index data remained relatively stagnant from the previous month but still showed an expansion phase. S&P Global reported that Indonesia’s Manufacturing PMI (Purchasing Manager’s Index) fell to 50.1 in March 2026, from 53.8 in February 2026. “The decline is inseparable from uncertainties due to geopolitical conflicts, supply chain disruptions, and rising raw material prices,” Nico said. Meanwhile, the Central Statistics Agency (BPS) reported that the trade balance position in February recorded a surplus of $1.28 billion, which has a positive side in supporting the further external resilience of the Indonesian economy. BPS also reported March inflation at 0.41 percent month-to-month (mtm) and 3.48 percent year-on-year (yoy), still within Bank Indonesia’s (BI) target range of 2.5 plus or minus 1 percent, reflecting controlled inflation momentum. Opening higher, the JCI stayed in positive territory until the close of the first trading session. In the second session, the JCI remained in the green zone until closing. Based on the IDX-IC Sectoral Index, ten sectors strengthened, led by the industrial sector which rose 5.57 percent, followed by the non-primary consumer goods sector and basic materials sector, which rose 5.01 percent and 3.59 percent respectively. Meanwhile, one sector weakened, namely the health sector, which fell 0.14 percent. The stocks experiencing the largest gains were CHEM, ALKA, YPAS, KOCI, and BULL. Meanwhile, the stocks with the largest declines were DATA, NZIA, WEHA, TALF, and ATAP. Share trading frequency was recorded at 2,014,275 transactions with 31.54 billion shares traded worth Rp16.47 trillion. 475 stocks rose, 209 stocks fell, and 135 stocks were unchanged. Asian regional stock exchanges this afternoon included the Nikkei Index strengthening 2,709.28 points or 5.31 percent to 53,773.00, the Shanghai Index up 56.69 or 1.46 percent to 3,948.55, the Hang Seng Index up 505.89 points or 2.04 percent to 25,294.03, and the Straits Times Index up 97.09 points or 1.99 percent to 4,982.54.