JCI Rebounds Above 6,000, Signaling Strong Global Trust

RRI.CO.ID, Jakarta - The Jakarta Composite Index (JCI) posted a significant rebound on Friday, June 12, 2026, surging back above the psychological level of 6,000. The rally coincided with the rupiah’s recovery to the IDR 17,900 per-US-dollar range.

The strengthening of the capital market and the national currency reflects growing investor confidence in Indonesia’s economic outlook. Gains in several state-owned enterprises (SOEs) served as the primary drivers of market momentum.

“This is clear evidence that both global and domestic investors have full confidence in the resilience of Indonesia’s economic fundamentals, particularly in our SOE portfolio,” said Head of the SOE Regulatory Agency and Chief Operating Officer of Danantara Indonesia, Dony Oskaria, in an official statement quoted by Antara in Jakarta on Friday.

According to him, SOE stocks, particularly in the mining sector, recorded gains of up to around 7 percent. Support also came from the Association of State-Owned Banks (Himbara) and the state-owned telecommunications company Telkom shares, which bolstered the index’s rise.

From the start of trading, SOE stocks attracted strong buying interest from both domestic and foreign investors, reflecting the market’s positive response to their performance and prospects.

Dony emphasized that the dominance of SOE stocks in driving the JCI’s rebound demonstrates the success of ongoing business transformation. He added that market stability directly affects public economic activity. “Let’s put aside our doubts and maintain our optimism together,” he said.

He explained that the strengthening of the JCI and the rupiah was also supported by strategic measures from the government and relevant authorities. One such step was Bank Indonesia’s (BI) decision on June 9, 2026, to adjust the benchmark interest rate to 5.50 percent to bolster market confidence.

“This positive momentum indicates that the policies currently being implemented are on the right track. A stable investment climate is key to attracting high-value strategic partnerships,” Dony said.

Looking ahead, BUMN and Danantara are committed to maintaining the performance of SOE portfolios to ensure they remain resilient amid global economic dynamics and continue to add value to the national economy. ***