JCI Gains in Line With Asian Markets on Hopes of US-Iran Peace Deal

The Jakarta Composite Index (JCI) closed higher on Monday, mirroring gains in Asian regional markets and buoyed by optimism surrounding a potential peace agreement between the United States and Iran. The JCI gained 44.30 points, or 0.72 percent, to settle at 6,206.35, while the LQ45 index saw a more significant rise of 1.74 percent.

"Asian regional markets are strengthening, with sentiment improving as global risk appetite grows, along with hopes for a peace deal between the U.S. and Iran," explained Maximilianus Nico Demus, Associate Director of Research and Investment at Pilarmas Investindo Sekuritas. Senior U.S. officials suggested that a deal to reopen the Strait of Hormuz was nearing, which could restore oil flows and benefit the global economy. This prospect provided a positive catalyst for the Indonesian market.

However, the JCI's performance was not without its challenges. The rupiah's exchange rate put downward pressure on the market. Adding to investor concerns, Bank Indonesia reported a US$9.15 billion deficit in Indonesia's Balance of Payments for the first quarter of 2026, a substantial increase from the previous year, which fueled demand for the U.S. dollar and raised questions about Indonesia's external resilience.

Sectorally, the transportation and logistics sector was the top performer, surging 4.20 percent. The property and financial sectors also saw gains. Conversely, the energy sector experienced the largest drop, falling 1.94 percent, followed by the raw materials and health sectors. Trading volume was robust, with over 27.66 billion shares changing hands worth Rp16.95 trillion, though the number of declining stocks slightly outnumbered the advancing ones.

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Asian regional markets are strengthening, with sentiment improving as global risk appetite grows, along with hopes for a peace deal between the U.S. and Iran.