Jakarta. The Jakarta Composite Index (JCI) jumped 1.07%, or 67 points, to 6,321 at Wednesday’s opening, tracking gains across regional markets as lower global oil prices eased concerns over inflation and fiscal pressures.

The index traded in the range of 6,317 to 6,350 during early trading. Data from RTI showed that 1.3 billion shares had changed hands in the opening minutes, with a total transaction value of Rp 1.08 trillion ($60.8 million) across 94,523 trades. Advancing stocks outnumbered decliners by 420 to 76, while 190 stocks were unchanged.

According to Phintraco Sekuritas, the recent decline in global crude oil prices has provided a positive catalyst for Indonesian assets by easing inflationary pressures and reducing the risk of a wider state budget deficit.

The brokerage also noted that the rupiah strengthened 0.85% to Rp 17,709 per US dollar on Monday.

Meanwhile, the Indonesian government plans to issue Panda Bonds around late June or early July 2026, although authorities will first assess investor appetite for the offering.

"The issuance of Panda Bonds aims, among other things, to reduce dependence on the US dollar and strengthen the rupiah," Phintraco Sekuritas said.

Separately, Bank Indonesia reported that Indonesia’s external debt stood at $439.8 billion in April 2026, growing 1.9% year-on-year, up from 1% growth recorded in March.

Phintraco Sekuritas also highlighted the government’s efforts to expand the tax base, which generated Rp 23.5 trillion in additional tax revenue as of May 31, 2026.

The initiative included registering new taxpayers from high-potential sectors, adding new taxable entrepreneurs, and collecting taxes from previously inactive taxpayers. Total tax revenue reached Rp 834.4 trillion as of the end of May, up 22.1% year-on-year. The government is targeting tax collections of Rp 2,357.7 trillion by the end of 2026.

"Rising debt levels and tax base expansion could widen the government's fiscal space and boost state revenues, but they may also increase the burden on businesses and households," Phintraco Sekuritas said.

According to Kiwoom Sekuritas Indonesia, the World Bank remains optimistic about Indonesia’s economic prospects, forecasting growth of 5% in 2026 and 5.2% in both 2027 and 2028, driven by resilient domestic consumption, investment, and government spending. The World Bank also expects Indonesia’s fiscal deficit to stay below the statutory ceiling of 3% of gross domestic product.

"However, the World Bank emphasized that long-term growth sustainability remains dependent on productivity reforms, stronger state revenues, more efficient public spending, and improvements in the logistics and trade sectors," Kiwoom said.

Global sentiment remained broadly supportive after oil prices fell below $80 per barrel for the first time since early March on Tuesday. In the United States, the Dow Jones Industrial Average rose 328 points, or 0.6%, to a fresh record high for a second consecutive session, while the S&P 500 slipped 0.6% and the Nasdaq Composite fell 1.2% as technology stocks retreated.

Across Asia, regional markets traded mixed as of 9:17 a.m. Jakarta time. Japan’s Nikkei 225 gained 0.58%, South Korea’s Kospi slipped 0.09%, Hong Kong’s Hang Seng edged down 0.04%, and China’s Shanghai Composite declined 0.05%.

Add as a preferred source on Google +