JCI Opens Lower on Geopolitical Sentiment

RRI.CO.ID, Jakarta - The Jakarta Composite Index (JCI) on the Indonesia Stock Exchange (IDX) opened lower on Thursday, April 9, 2026. At the start of the first session, the JCI stood at 7,238.46, down 40.75 points or 0.56 percent from Wednesday’s close.

The previous day, the JCI moved in positive territory and closed up 4.42 percent, or 308.18 points, at 7,279. Price increases in 623 stocks supported the gain, while 101 stocks fell and 95 remained unchanged.

Market analyst Hendra Wardana assessed that the JCI’s strength on Wednesday was triggered by geopolitical sentiment. He said the surge reflected the market’s rapid response to external developments. “The 4.42 percent rise in the JCI to 7,279 during the April 8 trading session serves as a strong signal. The market is highly sensitive to global geopolitical developments,” Hendra said.

He emphasized, however, that long-term fundamentals did not drive the rally. “It is important to understand that this rise tends to be a sentiment-driven rally,” he added.

Hendra noted that such conditions leave the market vulnerable to pressure and volatility. The decline at Thursday’s opening, he said, was consistent with the potential correction he had previously warned about.

From a technical perspective, Hendra explained that the JCI is in a crucial phase in determining its next direction. “If it can hold above the 7,200 level, the possibility of continuing the upward trend toward the 7,320–7,350 resistance zone is wide open,” he said.

He cautioned, however, that the index could face another correction if it fails to hold that level. According to him, the market remains in the early stages of recovery and has not yet fully stabilized.

Hendra further stressed that the market’s direction is highly dependent on evolving global dynamics. “If no permanent agreement is reached within the next two weeks, or if tensions escalate again, the market could face another correction,” he said. (Gusti Panji/Lasti Martina)