Market Volume Yet to Return, IHSG Surges 2.28%

The Indonesia Composite Index (JCI) surged ahead despite transaction volumes remaining relatively low. The JCI closed the week with an increase of 131.22 points, or 2.28%, at the level of 5,875.78 on Friday (3/6/2026).

A total of 520 listed companies, or the majority of firms, were recorded in the green zone. Only 159 declined, while the remaining 280 companies remained stagnant.

Although the JCI advanced rapidly, market liquidity remains minimal. The transaction value stood at only Rp 10.43 trillion, with a volume of 17.02 billion shares across 1.36 million transactions. Market capitalisation at the end of this week sat at Rp 10,287 trillion.

According to Refinitiv, all sectors were in the green zone. Utilities led the gains with a 3.61% increase, followed by basic materials at 3.39%, and technology at 2.46%.

Overall, today’s JCI strengthening was supported by the solid performance of big-cap stocks, particularly in the banking sector, as well as support from conglomerate, digital infrastructure, and commodity stocks. Meanwhile, pressure from declining stocks remained relatively small, failing to offset the positive momentum from the index’s main contributors.

PT Bank Central Asia Tbk (BBCA) was the largest contributor to the JCI’s rise, adding 28.75 index points.

In second place was PT Astra International Tbk (ASII), which contributed 10.20 points, followed by PT Amman Mineral Internasional Tbk (AMMN) with a contribution of 10.13 points.

PT DCI Indonesia Tbk (DCII) also supported the JCI’s momentum with a contribution of 9.45 points, while PT Bank Mandiri (Persero) Tbk (BMRI) added 9.00 points.

On the other hand, pressure on the JCI was relatively limited. The largest drag came from PT Sinar Mas Multiartha Tbk (SMMA), which reduced the index by 2.28 points.

Furthermore, PT Barito Pacific Tbk (BRPT) reduced the index by 0.87 points, followed by PT Bayan Resources Tbk (BYAN) by 0.82 points and PT VKTR Teknologi Mobilitas Tbk (VKTR) by 0.62 points.

Meanwhile, foreign investors recorded a net buy of Rp 160.3 billion across the entire market during Session 1. Specifically, there was Rp 1.9 trillion in foreign buys and Rp 1.8 trillion in foreign sells.