JCI Gains as Investors Welcome Measures to Ease Market Turmoil

Indonesia's stock market showed resilience on Wednesday, June 10, 2026, with the Jakarta Composite Index (JCI) closing significantly higher. The JCI rose by 155.73 points, or 2.71 percent, to settle at 5,902.38, while the LQ45 index of prominent stocks also saw gains, increasing by 3.54 percent.

Investors' positive reception of government policies aimed at stabilizing the financial markets fueled the rebound. Ratna Lim, Chief Researcher at Phintraco Sekuritas, noted that the JCI's recovery was bolstered by a correction in global crude oil prices and the strengthening of the Indonesian rupiah. "Domestic investors are appreciating the government's response to the turmoil in the Indonesian capital market," Lim stated.

Key policy developments contributing to market confidence include discussions between the House of Representatives, state-owned banks, and insurance companies regarding a potential buyback program for large state-owned enterprise stocks. Additionally, Bank Indonesia raised its benchmark interest rate by 25 basis points to 5.50 percent, a move that supported the rupiah's appreciation against the US dollar.

In contrast to the domestic market's positive performance, regional Asian stock exchanges experienced declines due to geopolitical tensions stemming from U.S. retaliatory strikes against Iran. These international events have raised concerns about inflation and potential further interest rate hikes globally, while the Indonesian market focused on its domestic stabilization efforts.

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The rebound in JCI is supported, among other factors, by the correction in global crude oil prices and the strengthening of the rupiah exchange rate. In addition, domestic investors are appreciating the government's response to the turmoil in the Indonesian capital market.