Indonesia's stock benchmark rises 1.1% to 6,321.96 at open

Indonesia's stock benchmark, the Jakarta Composite Index (JCI), opened at 6,321.96 on Monday, rising 1.1% from the previous session. The index has faced a challenging year, with a 12.12% decline compared to the same period in 2025 and a 5.22% drop over the past month. Despite these broader trends, the recent session saw renewed investor optimism, driven by positive developments in global markets and domestic policy expectations.

The rally followed a U.S. stock futures rebound after President Trump announced a deal to end the war with Iran and authorized the reopening of the Strait of Hormuz. Domestically, attention is turning to Bank Indonesia’s upcoming policy meeting, with continued monetary tightening to support the rupiah amid ongoing currency pressures. Deputy House Speaker Sufmi Dasco has also urged citizens to sell dollars to bolster the currency, which has hit record lows in recent weeks.

All sectors contributed to the gains, with industrials, infrastructure, transport, and property leading the advance. Major movers included Amman Mineral Intl. (up 10.1%), Darma Henwa (7.3%), and Bumi Resources (7.3%). However, caution remained ahead of May activity data from China, Indonesia’s key trading partner, scheduled for release later in the week.

The JCI has historically reached an all-time high of 9,174.47 in January 2026, but remains below that level as it faces headwinds from global economic uncertainty and domestic challenges such as rising fuel prices and softer consumer confidence. Analysts project the index to trade at 5,966.35 by the end of the current quarter and 5,179.80 in 12 months, according to Trading Economics global macro models.