JCI Opens Higher at 6,321.19 on Conflict Easing Hopes

RRI.CO.ID, Jakarta - The Jakarta Composite Index (JCI) opened higher at 6,321.19 during trading on Wednesday, June 17, 2026. This level was 66.22 points, or about 1.06 percent, above the previous session’s close of 6,254.97.

Phintraco Sekuritas’ analyst team projected the JCI would move within the range of 6,150 to 6,400, supported by the correction in global crude oil prices. They noted that this condition could also ease pressure on the state budget deficit.

Pilarmas Investindo Sekuritas highlighted that the rally was driven by improving global geopolitical developments. The firm pointed to the latest progress in peace talks between the United States and Iran, with both countries reportedly preparing to sign a temporary agreement that could reopen Iran’s oil exports to the global market.

“The expectation of easing conflict in the Middle East has pushed crude oil prices lower,” the Pilarmas team said. WTI crude fell to USD 76.79 per barrel, while Brent dropped to USD 78.96 per barrel.

According to Pilarmas, the decline in oil prices could reduce global inflationary pressures and lower the risk of interest rate hikes. “This also provides a positive impact on the national economy,” the team added.

The rupiah’s strengthening was seen as an early signal of improving market sentiment, potentially opening the door for renewed foreign capital inflows into the domestic market.

Domestically, investors are closely monitoring the government’s plan to issue Panda Bonds in late June or early July. Finance Minister Purbaya Yudhi Sadewa is currently in China to promote the debt instruments to potential investors.

“The government wants to first gauge investor response to the issuance plan,” Phintraco noted. “The Panda Bonds aim, among other things, to reduce dependence on the US dollar and strengthen the rupiah.”

Investors are also paying attention to Indonesia’s external debt position. Bank Indonesia reported that external debt in April grew 1.9 percent to USD 439.8 billion, compared with 1 percent growth in the previous month.

On the fiscal side, the government recorded tax revenue of IDR 23.5 trillion (approximately USD 1.32 billion) through May 31. The increase came from expanding the tax base, adding new taxpayers, and optimizing collection from inactive taxpayers. (Gusti Panji)