JCI Surges 2.02% in Morning Session to 7,455
Jakarta, CNBC Indonesia - The Composite Stock Price Index (JCI) surged more than 2% today, Friday (10/4/2026). At the close of the morning trading session, the index rose 2.02% to 7,455.46, strengthening by 148 points.
This increase continues the JCI’s rebound, which has been ongoing for the past two days, starting with a sharp surge in Wednesday’s trading (8/4) of more than 4%.
A total of 177 stocks declined, 470 rose, and 168 remained unchanged. The transaction value reached Rp 9.45 trillion, involving 22.57 billion shares in 1.31 million transactions.
Market capitalisation also climbed to Rp 13,203 trillion.
Citing Refinitiv data, all trading sectors recorded gains today, with the highest increases booked by the basic materials, non-primary consumer, and property sectors.
The most actively traded stocks today included BUMI, BBRI, and BBCA. Meanwhile, the newly listed stock this year, WBSA, led the gains with a 34% rise, touching its ARA. Other stocks that strengthened significantly today included MEGA, MSIN, and TPIA.
Shares of conglomerates and large-cap blue-chip issuers were recorded as the main drivers of the JCI’s performance today.
Bank Rakyat Indonesia (BBRI) shares, which will hold an AGMS this afternoon with dividend distribution as one of the agenda items, became the primary driver of the JCI’s performance today, contributing 14.18 index points.
Chandra Asri Pacific (TPIA) shares also served as a major support for the JCI, with a contribution of 14.02 index points. Shares of the Barito Group, owned by Prajogo Pangestu, uniformly strengthened in today’s trading.
Other issuers that became the main drivers of the JCI’s performance today included MSIN from the MNC Group, coal mining issuer Bayan Resources (BYAN) owned by Low Tuck Kwong, and PANI owned by Aguan.
The Indonesian financial market will close trading for the week today. Market participants need to consider several developing sentiments, from the war in the Middle East to important economic data.
Asia-Pacific stock markets opened mostly higher in Friday’s trading (11/4/2026), amid a fragile two-week ceasefire between the United States and Iran that keeps market participants on alert.
Citing CNBC, the conflict in the Middle East, which has lasted more than a month, continues to overshadow sentiment, particularly due to the closure of the Strait of Hormuz, a vital global energy route.
Although a ceasefire has been announced, traffic in the Strait of Hormuz remains very limited. Iran stated it would reopen the route if all attacks against its country are stopped, while Israel is also reported to have approved the agreement.
US President Donald Trump previously halted attacks on Iran last Tuesday as part of efforts to de-escalate the conflict. However, he warned Iran not to impose fees on oil tankers passing through the strait.
On the other hand, Iran’s Parliament Speaker Mohammad Bagher Ghalibaf accused the United States of violating the ceasefire agreement. This accusation adds further uncertainty to global markets.
From the stock markets, South Korea’s Kospi index strengthened 1.68% and Kosdaq rose 1.14%. In Japan, the Nikkei 225 jumped 1.65%, while the Topix moved relatively flat.
Japanese Prime Minister Sanae Takaichi stated that her country plans to release oil reserves for 20 days starting in May. Japan is known to have oil reserves sufficient for 230 days as of 6 April.
In contrast, Australia’s S&P/ASX 200 index weakened 0.51%. Meanwhile, Hong Kong’s Hang Seng futures contract was at 25,900, higher than the previous close of 25,752.40.
Global oil prices continued to rise, with West Texas Intermediate (WTI) strengthening 0.69% to US$98.55 per barrel. Meanwhile, Brent crude rose 0.91% to US$95.92 per barrel, after briefly breaching US$100 per barrel in the previous session.
In overnight trading on Wall Street, US stock indices closed higher despite oil prices dipping from their highs. This rise reflects investor optimism regarding the easing of geopolitical conflicts.
The S&P 500 rose 0.62% to 6,824.66, while the Nasdaq Composite strengthened 0.83% to 22,822.42. The Dow Jones Industrial Average also rose 275.88 points or 0.58% to 48,185.80, marking positive performance for the year so far.