JCI Surges 1.07%, Breaches 6,300 Level

The Jakarta Composite Index (JCI) surged 1.07%, breaching the 6,300 level in trading on Tuesday (21/7/2026). A total of 389 shares advanced, 337 were unchanged, and only 239 declined. Trading volume reached 26.41 billion shares, valued at Rp9.82 trillion, with a transaction frequency of 1.57 million trades. The JCI’s rise at midday coincided with the House of Representatives’ (DPR) approval of the International Financial Centre Bill (RUU PFII).

Earlier, the JCI opened higher on Tuesday, extending a rally that has lasted for nine consecutive trading days. Based on Indonesia Stock Exchange (IDX) data as of around 09.00 WIB, the JCI rose 0.67% or 41.79 points to 6,273.57.

Market participants today are monitoring a number of domestic and external sentiments. Domestically, attention is focused on the start of Bank Indonesia’s Board of Governors Meeting, which will determine the direction of interest rates, as well as the planned ratification of the International Financial Centre Bill in the DPR. The market is also observing the Financial Services Authority’s (OJK) statement that the national banking condition remains solid, with credit growth reaching 11.5% year-on-year.

Externally, investors remain overshadowed by escalating conflict in the Middle East after the Houthi group announced a maritime blockade against Saudi Arabia. The tension has reignited concerns over global energy supplies and pushed oil prices higher. Meanwhile, China’s central bank maintained its Loan Prime Rate (LPR), while the US dollar index and US Treasury yields strengthened again, potentially pressuring fund flows into emerging markets, including Indonesia.