RRI.CO.ID, Jakarta - The Jakarta Composite Index (JCI) rebounded to the 8,000 level at the close of trading on Tuesday, February 3, 2026. Observations at the Indonesia Stock Exchange (IDX) showed the index rose significantly by 2.52 percent, or 199.86 points, to 8,122.59.
The JCI had opened at its lowest level of 7,712 earlier in the day. “The rebound was driven by expectations of a recovery in the Indonesian capital market following reform measures between Indonesian authorities and Morgan Stanley Capital International (MSCI),” said the Phintraco Sekuritas analyst team on February 3, 2026.
The team added that the index’s gains were also supported by stronger Asian stock markets and a rebound in commodity prices. “In addition, there was bargain hunting of stocks considered relatively undervalued,” the analysts said. Bargain hunting refers to the purchase of shares when prices are low.
All sectors posted gains, with the raw materials sector recording the largest increase at 6.5 percent. A total of 654 stocks rose, 108 declined, and 56 remained unchanged. Trading volume reached 61.09 billion shares across 3.27 million transactions.
The total trading value stood at IDR 29.35 trillion (USD 1.74 billion), while market capitalization reached IDR 14,669 trillion. The LQ45 index, which tracks 45 leading stocks, also strengthened, with BUMI, SCMA, INKP, MBMA, and ASII leading the gains.
Regional markets also closed higher, buoyed by news of a trade agreement between the United States and India. “The Korea Composite Stock Price Index (Kospi) led the gains and briefly triggered a temporary halt in purchase orders. Blue-chip stocks rose sharply after Monday’s decline,” the Phintraco team noted.
Gold and silver prices rebounded after two days of heavy sell-offs. Analysts believe the sharp correction was more of a position adjustment than a sustained downward trend. (Gusti Panji/Lasti Martina)
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