RRI.CO.ID, Jakarta - The Jakarta Composite Index (JCI) on the Indonesia Stock Exchange (IDX) is expected to test the psychological level of 7,000 today. On Friday, April 24, 2026, the JCI closed down 3.38 percent at 7,129.49.

The sharp decline at the end of last week was accompanied by net selling by foreign investors amounting to more than IDR 3 trillion (approx. USD 174.21 million). The most heavily sold shares were banking stocks, including BBCA, BMRI, TLKM, and ENRG.

“The blockade of the Strait of Hormuz and the dashed hopes for US-Iran negotiations have created negative sentiment,” said the Phintraco Securities analyst team on Monday, April 27, 2026.

The team noted that investors will continue to monitor developments in the US-Iran conflict. Market participants are also awaiting interest rate decisions from the US Federal Reserve, as well as the central banks of Europe, the UK, and Japan.

“Meanwhile, rating agency Moody’s has maintained Indonesia’s debt rating at Baa2, one notch above investment grade. However, the outlook has been revised from stable to negative,” the Phintraco team added.

Domestically, investors are also closely watching the impact of Middle East tensions on Indonesia’s economic outlook. “This includes the rupiah’s depreciation, potential inflation, and the possibility of a widening 2026 State Budget deficit,” the team said.

Meanwhile, analysts at BNI Securities forecast limited gains for the JCI. “The JCI has the potential for a short-term technical rebound today to 7,250,” said Fanny Suherman, Head of Retail Research at BNI Securities.

However, Fanny cautioned that after the rebound, the JCI risks another correction. The index is projected to move within the range of 7,000–7,080 at the support level and 7,200–7,250 at the resistance level. (Gusti Panji/Lasti Martina)