JCI Falls 1.25 Percent to 6,099 at Monday's Midday Break

RRI.CO.ID, Jakarta - The Jakarta Composite Index (JCI) on the Indonesia Stock Exchange (IDX) weakened during the midday trading break on Monday, June 22, 2026. By the close of the first session, the JCI had fallen 1.25 percent, or 77.21 points, to 6,099.93, after opening at 6,217.04.

The index briefly touched a high of 6,226.72, while the low was 6,052.94. At Friday’s close on June 19, the JCI rose 0.08 percent to 6,177.

The Phintraco Sekuritas analyst team projects that the JCI will move within the 6,100–6,250 range this week. “Technically, the JCI is expected to consolidate,” the team said.

According to Phintraco, the JCI’s movement will be influenced by both external and domestic factors, particularly the upcoming MSCI announcement.

Meanwhile, most stock indices in Europe and Asia closed lower at the end of last week, triggered by investor skepticism over the US‑Iran peace agreement.

Market participants doubt the deal will last, especially after Iran closed the Strait of Hormuz, citing the US failure to fulfill clauses related to Lebanon. Israeli forces continue attacks on Lebanon, while Iran insists the agreement is conditional and requires guarantees to protect its rights.

Investors are also watching several US economic indicators, including the Personal Consumption Expenditures (PCE) price index, durable goods orders, the University of Michigan’s consumer sentiment index, and the Fed’s regional surveys.

Phintraco projects the core PCE index for May 2026 will rise 0.3 percent month‑on‑month, up from 0.2 percent in April. The Fed previously raised its PCE inflation forecasts for 2026 and 2027 to 3.6 percent and 2.3 percent, respectively, while revising the core PCE projection upward to 3.3 percent for this year.

Domestically, Phintraco’s analyst team is monitoring economic data to be released this week, including money supply figures that reflect liquidity conditions. Investors are also awaiting MSCI’s Annual Market Classification Review.

“That report will determine Indonesia’s status in the Emerging Markets,” the Phintraco team said. The IDX plans to meet with MSCI to clarify the results of last week’s Global Market Accessibility Review, which gave a negative assessment of the “Information Flow” criteria, particularly the availability of capital market information in English.

Acting IDX President Director Jeffrey Hendrik said the exchange would seek clarification from MSCI. He noted that the IDX has required all listed companies to submit financial reports in both Indonesian and English. (Gusti Panji)