JCI Opens Stronger at 7,346.49 on Domestic Market Resilience

RRI.CO.ID, Jakarta - The Jakarta Composite Index (JCI) opened higher on Friday, April 10, 2026. At the start of the first session, the JCI stood at 7,346.49, up 38.9 points (0.53 percent) from the previous close.

Capital Market Analyst and Founder of Republik Investor, Hendra Wardana, assessed that the domestic stock market is highly resilient. The JCI closed on Thursday, April 9, up 0.39 percent despite being overshadowed by negative global sentiment.

“Although the market was overshadowed by negative sentiment from global markets throughout the day, particularly regarding the resurgence of geopolitical tensions in the Middle East,” Hendra told RRI in Jakarta on Friday, April 10. He noted that the trading volume of IDR 16.30 trillion (USD 952.38 million) indicates that domestic investor activity remains solid.

Hendra revealed that the primary consumer sector was the main driver behind Thursday’s trading close, which surged by 1.99 percent. “This increase indicates a shift in investor interest toward more defensive sectors and those based on domestic consumption, such as ERAA and RALS, amid global uncertainty,” he said.

Hendra explained that the financial sector experienced a 1.23 percent decline triggered by corrections in several major banks. According to him, the market is concerned that high interest rates will persist longer due to surging energy prices.

He continued that global oil prices surged again to USD 98 per barrel due to the fragile ceasefire and the escalation of armed conflict in Lebanon. “(That factor) ultimately influences central bank monetary policy, particularly that of the Federal Reserve (The Fed),” said Hendra.

Hendra also highlighted the weakening of the Indonesian Rupiah against the US Dollar to IDR 17,090 per USD. He noted that this depreciation of the domestic exchange rate occurred amid risks of capital outflows from the national capital market.

Hendra assessed that the JCI remained in positive territory even as Asian markets closed in the red. “This indicates that capital outflows remain a short-term risk, especially if geopolitical uncertainty persists and expectations of rising global interest rates resurface,” he said.

He added that technically, the index still has the potential to continue its upward trend if it can hold above the psychological level of 7,200–7,250. “Therefore, the opportunity to extend gains toward the next resistance zone remains open,” said Hendra.

Hendra recommended that domestic capital market participants keep an eye on energy and media sector stocks. He assessed that stocks such as BRPT and SCMA have the potential to strengthen amid a highly dynamic sector rotation.

He advised investors to adopt a buy trading strategy with very disciplined risk management. He added that market participants need to be wary of potential short-term profit-taking amid highly uncertain geopolitical conditions. (Gusti Panji/Lasti Martina)