JCI Opens Strong at 6,207.1

RRI.CO.ID, Jakarta - The Jakarta Composite Index (JCI) opened higher by 11.68 points, or 0.19 percent, at 6,207.1 during trading on Wednesday, June 3, 2026. The previous day, 281 stocks advanced, 389 declined, and 147 remained unchanged.

Head of Retail Research at BNI Sekuritas, Fanny Suherman, noted that the JCI on the Indonesia Stock Exchange (IDX) has the potential to correct. “The JCI will move within the 6,000–6,100 range for support, while resistance will be in the 6,200–6,300 range,” she said.

At Tuesday’s close, the JCI rose 1.11 percent to 6,195.42. However, Fanny added that the gain was accompanied by a net sell by foreign investors worth IDR 1.37 trillion (USD 76.42 million), with the most heavily sold stocks being TPIA, ASII, MAPI, BUVA, and BMRI.

She explained that developments in the Middle East conflict continue to weigh on the market. At the same time, the rise in AI-based technology stocks is creating positive sentiment.

In the United States, stock markets once again broke all-time highs. The S&P 500 index gained 0.13 percent, the Dow Jones Industrial Average rose 0.45 percent, and the Nasdaq Composite edged up 0.03 percent.

“The rise on Wall Street occurred amid mixed movements in technology stocks,” Fanny said. Alphabet shares fell nearly 4 percent after Google’s parent company announced plans to raise USD 80 billion through a share sale scheme to bolster artificial intelligence (AI) development. Meanwhile, Marvell Technology shares surged 32 percent after Nvidia CEO Jensen Huang said his company could reach a market capitalization of USD 1 trillion.

Oil prices also climbed, triggered by reports that the Iranian government had halted negotiations with the US. Tehran-based media outlet Tasnim reported that Iran plans to completely close the Strait of Hormuz.

These developments caused Asian stock markets to move in mixed directions. “The market is monitoring the uncertainty surrounding the Middle East conflict, which is offsetting positive sentiment from the AI sector,” Fanny said.

Brent crude oil prices held steady at around US$96 per barrel after Lebanon announced a partial ceasefire between Hezbollah and Israel. Analysts see this as potentially opening opportunities for new diplomatic efforts to end the US-Iran conflict.

In Japan, the Nikkei 225 index fell 0.3 percent, while South Korea’s KOSPI rose 0.15 percent. Hong Kong’s Hang Seng Index gained 2.5 percent, and China’s CSI 300 climbed 1.5 percent. (Gusti Panji)