JCI Surges 3.39% to 7,207 in Morning Session, Here's the Driver

JAKARTA, KOMPAS.com - The Composite Stock Price Index (JCI) strengthened significantly at the close of the first trading session on Wednesday (8/4/2026). The index rose 236 points or 3.39 percent to the level of 7,207.157.

From the start of the session, the JCI immediately surged from its opening position of 7,162.406 and briefly touched the daily high of 7,214.452.

Meanwhile, its lowest level was 7,118.581.

In terms of liquidity, trading activity was brisk with a volume of 26.85 billion shares and a transaction value (turnover) of Rp12.99 trillion.

Technically, the index movement was dominated by strengthening stocks.

As many as 566 stocks rose, compared to 134 stocks that weakened, and 114 stocks that were stagnant.

Along with the index strengthening, the market capitalisation of the Indonesia Stock Exchange (BEI) also increased to Rp12,646 trillion.

Capital market observer Reydi Octa assessed that the current market movement is starting to be supported by improving short-term global sentiment.

This is reflected in the easing of geopolitical pressures, following the temporary ceasefire agreement between the United States and Iran, which also drove down world oil prices and maintained the stability of US government bond yields (US Treasury).

According to him, this condition provides room for the financial markets to move more stably.

At the same time, there are no new negative sentiments from external sources that could pressure market movements.

“From the sentiment side, the market is starting to capture signals of easing global pressures in the short term, reflected in the relaxation of US geopolitical tensions following the temporary ceasefire agreement with Iran, the decline in world oil prices, and the stability of US Treasury yields,” Reydi told Kompas.com.

In addition to global factors, positive sentiment also comes from FTSE’s decision to maintain Indonesia’s status as a secondary emerging market. This decision is seen as strengthening investor confidence in the credibility and attractiveness of the domestic capital market.

“At the same time, no new negative sentiments have emerged from external sources, plus the designation of secondary emerging market status by FTSE which also provides positive wind. This combination of factors makes investors assess that market valuations are attractive enough to start accumulating again,” he explained.