JCI Closes Higher on Gains in Property Stocks

TEMPO.CO, Jakarta - The Jakarta Composite Index (JCI) of the Indonesia Stock Exchange (IDX) closed higher on Tuesday afternoon, supported by gains in property sector stocks.

JCI closed up 70.43 points, or 1.19 percent, to 5,986.50. Meanwhile, the 45-stock blue chip index, or LQ45, rose 10.44 points, or 1.79 percent, to 549.92. "JCI closed higher on Tuesday, despite relatively low transaction volume and value," said Ratna Lim, Head of Research at Phintraco Sekuritas, in a session in Jakarta on Tuesday, as quoted by ANTARA.

Domestically, property sector stocks recorded gains, with IDXProperty rising 3.03 percent, while two Initial Public Offering (IPO) stocks that recorded an Upper Auto Reject (ARA) also supported the index's strengthening.

Ratna also stated that positive sentiment stemmed from the June 2026 foreign exchange reserves data, which increased to US$145.6 billion in June 2026 from US$144.9 billion in May 2026. Then, another sentiment is the proposal by the House of Representatives (DPR) to reduce the budget for the Free Nutritious Meal Program (MBG) for 2027.

"JCI (tomorrow) is expected to continue its rally and test the psychological level of 6,000, but we need to be wary of the potential for a short-term pullback due to profit-taking," Ratna said.

Internationally, market participants are eagerly awaiting the release of the Fed's FOMC meeting minutes, scheduled for Wednesday, July 8, U.S. time. The meeting minutes contain a detailed summary of the discussions, economic projections, and the rationale behind the Fed's monetary policy decisions.

Opening higher, the JCI remained in positive territory until the close of the first trading session. In the second session, the JCI remained in the green until the close of trading.

Based on the IDX-IC Sectoral Index, ten sectors strengthened, led by the property sector, which rose by 3.03 percent, followed by the non-primary consumer goods sector and the financial sector, which rose by 1.59 percent and 1.42 percent, respectively.

Meanwhile, one sector weakened, namely the technology sector, which fell by 0.54 percent.

The stocks with the largest price increases were APLN, LAND, NTBK, BIPP, and RODA. Meanwhile, the stocks with the largest price decreases were COCO, TRUS, MMIX, LAPD, and LUCY.

Stock trading volume reached 1,658,000 transactions, with 21.22 billion shares traded worth Rp10.13 trillion. 450 stocks rose, 222 declined, and 289 remained unchanged.

This afternoon, the Asian regional stock exchanges included the Nikkei index, which weakened 2.04 percent to 68,315.00, the Shanghai index, which weakened 1.26 percent to 3,990.924, the Hang Seng index, which weakened 0.51 percent to 23,496.89, and the Strait Times index, which strengthened 1.43 percent to 5,335.00.

Read: Two Companies Make Stock Market Debut on Indonesia Exchange

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