TEMPO.CO, Jakarta - Jakarta Composite Index (JCI) of Indonesia Stock Exchange (IDX) closed higher on Friday afternoon, amid investor enthusiasm for the release of financial statements for the second quarter of 2026 and the first half of 2026.
JCI closed up 67.32 points, or 1.10 percent, to 6,175.53. Meanwhile, the 45-stock blue chip index, or LQ45, rose 13.33 points, or 2.19 percent, to 621.91.
"The strengthening of the JCI was driven by the strengthening of banking issuers, especially Big Caps, and by several other Big Cap issuers, as well as an estimated foreign inflow to banking issuers that are currently releasing their financial statements," said MNC Sekuritas analyst Herditya Wicaksana, also known as Didit, as reported by ANTARA.
Historically, over the past 10 years, the JCI has consistently strengthened in July, coinciding with the release of second- and first-half 2026 financial statements from issuers on the IDX.
Echoing Didit, Capital Market Observer Elandry Pratama said the index's strengthening was driven more by domestic factors, particularly the rise in banking stocks, notably Himbara (state-owned banks), which was the main driver.
"Positive sentiment also stems from the latest High Shareholding Concentration (HSC) regulations, which provide a perception of increased transparency and market oversight, thereby helping improve investor market sentiment," Elandry said.
From a technical perspective, Elandry views the index's rise as a technical rebound after the JCI experienced pressure in recent times. "Investors are starting to accumulate again, especially in Big Cap stocks with high liquidity, such as those in the banking sector," said Elandry.
Furthermore, he explained that some of the previous negative sentiment had already been priced into the stock price, so that when a positive catalyst appeared, there was more room for recovery.
"However, investors still need to pay attention to external factors such as global stock market movements, the direction of the Fed's interest rate, the rupiah exchange rate, and potential changes in foreign flows that could affect future market volatility," Elandry said.
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.
According to the IDX-IC Sectoral Index, eight sectors strengthened. The financial sector led the way with a 2.36 percent increase. The health and non-primary consumer goods sectors followed with increases of 0.79 and 0.60 percent, respectively.
Meanwhile, three sectors weakened. The raw materials sector fell the most, by 0.67 percent. The industrial and technology sectors followed, falling by 0.30 and 0.10 percent, respectively.
The stocks with the largest price gains were KOKA, KBLV, AGAR, HOPE, and ECII. Meanwhile, the stocks with the largest price declines were AIMS, BAPA, PRDL, JELI, and RMKE.
The stock trading volume reached 1,985,000 transactions, with 16.32 billion shares traded, worth Rp24.04 trillion. Of these, 363 stocks rose, 274 declined, and 328 remained unchanged.
This afternoon, the Asian regional stock exchanges included the Nikkei index weakening 3.96 percent to 64,186.00, the Shanghai index weakening 3.05 percent to 3,764.15, the Hang Seng index weakening 1.78 percent to 24,562.24, the Kospi index weakening 6.37 percent to 6,820.60, and the Strait Times index weakening 0.57 percent to 5,507.84.
Read: MSCI Changes Rules for Stocks With Extreme Price Surges in August 2026
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