JCI Under Pressure, Here Are 5 Stocks Heavily Hunted by Investors
The movement of the Jakarta Composite Index (JCI) remains overshadowed by global and domestic sentiment pressures during trading on Monday, 22 June 2026. After an initial period of strength, the index eventually weakened and returned to the 6,100 level.
Based on trading data until 10:21 WIB, the JCI stood at 6,117.54, down 59.60 points or 0.96 per cent compared to the previous close of 6,177.14.
Despite the JCI opening stronger by 39.91 points or 0.65 per cent at 6,217.05, selling pressure since the morning meant this gain was short-lived.
Trading data shows the JCI’s highest level during the morning session reached 6,226.72, while the lowest point touched 6,113.76.
Market Awaits Key Sentiments
Liza Camelia Suryanata, Head of Research at Kiwoom Sekuritas Indonesia, stated that the JCI’s movement has the potential to remain flat with a tendency towards consolidation.
According to her, investors are currently closely monitoring various global developments that could influence market direction. One such factor is the dynamics of US-Iran relations, which remain a concern for market participants. Although communication between the two nations continues, the implementation of peace agreements is deemed fragile, meaning risks to energy markets and global inflation have not yet fully subsided.
Additionally, the market is highlighting the escalation of the Russia-Ukraine conflict following warnings regarding the potential for large-scale attacks from Russia.
From the United States, investors are awaiting further signals regarding the direction of Federal Reserve interest rates, after the results of the previous Federal Open Market Committee (FOMC) meeting were perceived as more hawkish than market expectations.
“Important support levels lie in the 6,030 to 5,930 range if the JCI continues to undergo consolidation,” Liza noted in her research.
Market Awaits MSCI Decision
Domestically, investor attention is focused on the announcement of the MSCI Annual Market Classification Review scheduled for 24 June 2026. This announcement is considered vital as it will determine whether Indonesia remains in the Emerging Market category or potentially drops to Frontier Market status.
Furthermore, the market is responding to several government policies, including the implementation of the B50 biodiesel programme, which is set to take effect on 1 July 2026. This policy is expected to provide positive sentiment to the energy sector and palm oil-based commodities.