JCI Slides to 5,835 in Midday Trade, Closing June’s Last Friday Lower

RRI.CO.ID, Jakarta – The Jakarta Composite Index (JCI) on the Indonesia Stock Exchange (IDX) remained in the red zone through the midday break on Friday, June 26, 2026. In the first session, the JCI fell 163.92 points, or 2.73 percent, to 5,835.11.

Since the market opened, selling pressure has dominated the index’s movement. The JCI opened at 6,010.34, briefly touched a high of 6,045.26, before falling to a low of 5,830.14.

Trading volume reached 11.70 billion shares with a transaction value of IDR 6.39 trillion (approximately USD 356.15 million). A total of 91 stocks rose, 593 stocks fell, and 123 stocks remained unchanged.

The Pilarmas Investindo Sekuritas analyst team assessed that a combination of external and domestic factors influenced the JCI’s decline in the first session. Overseas, Asian stock markets weakened amid selling pressure on Wall Street ahead of the US Federal Reserve’s (The Fed) interest rate policy decision.

According to Pilarmas, market attention is currently focused on the Fed's stance following the release of US Personal Consumption Expenditures (PCE) inflation data. Nevertheless, the market still estimates the probability of the Fed raising interest rates in December at around 80 percent.

“New York’s The Fed President, John Williams, believes inflationary pressures may begin to ease this year, but remain at a concerning level," the Pilarmas team stated on Friday, June 26, 2026.

"Meanwhile, Chicago's The Fed President, Austan Goolsbee, noted an improvement in inflation within the services sector, though overall inflationary pressures are still considered too high," the statement continued.

On the domestic front, the Pilarmas team noted that a decline in international investor confidence in Indonesia is also weighing down market sentiment. One area of concern stems from the enactment of amendments to the Law on the Development and Strengthening of the Financial Sector (UU P2SK).

According to them, the policy aims to attract public funds currently outside the financial system into the domestic market. However, the regulations raise concerns about increased money-laundering risks and could affect investor sentiment.

“There are concerns that these provisions could undermine confidence in strategic institutions, including Bank Indonesia (BI), the Financial Services Authority (OJK), and the Financial Transaction Reports and Analysis Center (PPATK), which have long played a role in maintaining national financial system integrity,” the Pilarmas Team explained.

The team also highlighted Indonesia’s decline in competitiveness in the 2026 IMD World Competitiveness Ranking. Indonesia fell to 48th place out of 70 countries--a drop of eight spots compared to the previous year.

According to the team, this decline was driven by weakening business efficiency, government effectiveness, and infrastructure quality, even though the national economy remains generally solid.

In the first trading session today, the stocks with the highest gains were RICY, ASPI, TRUS, MGNA, and BHAT. Meanwhile, the stocks that experienced the steepest declines included CTBN, FUJI, CLPI, GPSO, and UVCR. (Gusti Panji)