JCI Expected to Trade Sideways Amid Soft Sentiment, Mixed Data

RRI.CO.ID, Jakarta - Stock trading on the Indonesia Stock Exchange (IDX) is expected to soften slightly on Tuesday, August 11, 2026, as market participants adopt a “wait‑and‑see” stance toward ongoing economic issues and data releases.

Capital market analyst Tim Phintraco Sekuritas said the Jakarta Composite Index (JCI) is projected to move sideways within the 6,300–6,450 range. On Monday, the index closed 0.69 percent lower at 6,365, after briefly strengthening during the early session.

Phintraco noted that President Prabowo Subianto’s nomination of Destry Damayanti as the sole candidate for Governor of Bank Indonesia (BI) did not lift the index at Monday’s close, although the announcement supported a strengthening of the rupiah.

The consumer confidence index (IKK) fell to 116.8 in July from 117.8 in June, marking its third consecutive monthly decline and the lowest level since April 2025.

The drop in the IKK was driven by a weakening Current Economic Conditions Index (IKE), which slipped to 107.9 in July from 109.2 in June. The Consumer Expectations Index (IEK) also eased to 125.7 in July from 126.4 in the previous month.

“Despite the decline, the IKK remains above the 100 threshold, placing it in the optimistic zone and indicating that consumer sentiment is still positive,” the Phintraco analyst team said.

On the other hand, motorcycle sales rose 8.3 percent year‑on‑year to 636,000 units in July 2026. In June, sales grew 1.1 percent.

“The July figure is the highest since October 2014, supported by easing inflationary pressures. As a result, motorcycle sales grew 2 percent year‑on‑year to 3.77 million units in the January–July 2026 period,” Phintraco said.

The Indonesian Motorcycle Industry Association (AISI) expects motorcycle sales to remain relatively stable this year, ranging between 6.4 million and 6.7 million units.

Monday’s stock trading was marked by foreign net selling amounting to IDR 875.51 billion (approximately USD 49.19 million). The stocks most heavily sold by foreign investors included TPIA, BMRI, TLKM, ASII, and BBRI.

Externally, Phintraco observed that global crude oil prices have climbed by around 5 percent, driven by growing doubts over whether the United States and Iran will reach an agreement to reopen the Strait of Hormuz.

Market participants are now awaiting the release of US inflation data and assessing expectations for the US Federal Reserve’s interest rate policy, following nonfarm payroll figures that signaled a slowdown. (Gusti Panji)