JCI Projected to Move ‘Sideways’ Due to Limited Positive Catalysts

RRI.CO.ID, Jakarta – Stock trading on the Indonesia Stock Exchange (IDX) is expected to remain sluggish on Tuesday, June 30, 2026. As a result, the Jakarta Composite Index (JCI) is likely to move sideways or remain stagnant due to limited supporting factors.

“Short-term positive catalysts are limited, coupled with high investor caution ahead of the release of domestic macroeconomic data. Therefore, the JCI is expected to move sideways within the 5,700–5,900 range during today’s trading session,” said the Phintraco Sekuritas Analyst Team.

On Monday, June 29, the JCI fell 1.28 percent to 5,820.79. Foreign capital outflows continued, with foreign investors recording a net sell of IDR 854 billion (approximately USD 47.76 million).

The Phintraco team also noted the additional budget proposed by ministries and government agencies, totaling IDR 984 trillion for the 2027 State Budget. “The House of Representatives’ Budget Committee has stated that this proposal will be formally submitted to the Minister of Finance for consideration in drafting the 2027 State Budget,” the team said.

They assessed that, if approved, the budget increase would significantly raise expenditure, risking a wider State Budget deficit.

The government also plans to establish the National Industrial Parks Council (DKIN) as a forum for inter-ministerial and inter-agency coordination to strengthen the management and development of industrial parks.

The DKIN will be chaired directly by the President, with the Vice President as vice chairman and the Minister of Industry as executive chairman. Members will include representatives from relevant ministries and agencies, as well as stakeholders or their representatives.

According to Phintraco, if implemented properly, the DKIN could overcome cross-sectoral barriers and enhance competitiveness. “However, there are concerns that forming this new institution may contradict the spirit of simplifying government bureaucracy,” the team said. (Gusti Panji)