JCI Surges 3.5 Percent, Himbara Bank Shares Provide Backbone
The Jakarta Composite Index (JCI) opened sharply higher on Monday (15/6), continuing the positive trend established since last week. Based on Indonesia Stock Exchange (IDX) data up to 09.10 WIB, the JCI surged more than 3.5% to the level of 6,221.44. The increase was mainly supported by a rally in state-owned banking stocks belonging to the Association of State-Owned Banks (Himbara).
The main engine driving the bourse this morning came from the ranks of state-owned banking shares (Himbara). PT Bank Mandiri (Persero) Tbk (BMRI) led the gains with an increase of 210 points (5%) to Rp4,410 per share. Following behind, shares of PT Bank Negara Indonesia Tbk (BBNI) rose 210 points (5.9%) to Rp3,770 per share, while PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) soared 120 points (4.21%) to Rp2,970 per share.
Beyond Himbara’s dominance, state-owned shares from the mining and telecommunications sectors also recorded positive performance. PT Timah Tbk (TINS) strengthened sharply by 260 points (7.88%). Meanwhile, PT Aneka Tambang Tbk (ANTM) gained 220 points (7.72%) to the level of Rp3,070. PT Telkom Indonesia Tbk (TLKM) rose 80 points (2.80%).
The Head of BP BUMN and Chief Operating Officer (COO) of Danantara, Dony Oskaria, asserted that state-owned companies are now at their peak performance. “The JCI’s performance today, which strengthened quite significantly, including the rupiah’s appreciation, is a clear reflection that our SOEs are currently in their best position,” Dony said in an official statement on Monday (15/6).
According to Dony, although short-term market movements are often coloured by dynamics and momentary sentiment, investors will ultimately remain rational in viewing the reality of SOE performance, which is now much healthier, more efficient, and more profitable. “Of course, there are issues and sentiments that have quite an influence, but in the end, all investors will see tangible evidence that our state companies are recording achievements in the most optimal position,” he stressed.
Dony added that this positive track record across various strategic sectors is an important momentum. The current best position of SOEs serves as a strong foundation to continue accelerating value creation while providing promising returns for investors. “You can see the reports for yourselves. Whether in the banking, mining, infrastructure, or other SOE sectors, all have recorded satisfactory results. Our SOEs are truly in their best position to continue soaring forward,” Dony concluded.