Jakarta. Jakarta Composite Index (JCI) opened lower on Thursday, slipping 0.17% or 10 points to 5,873 as investors weighed Indonesia's weakening global competitiveness ranking alongside mixed sentiment from Wall Street.

Six minutes into trading, the benchmark index moved between 5,864 and 5,916. Trading volume reached 1.7 billion shares with a turnover of Rp 1.1 trillion ($61.2 million) from more than 137,000 transactions. Advancing stocks outnumbered decliners, with 297 gainers against 187 losers.

Phintraco Sekuritas said Pos Indonesia will consolidate nine state-owned logistics companies by merging them into Multi Terminal Indonesia (MTI), with the process targeted to begin on July 1, 2026.

The consolidation aims to integrate state-owned logistics businesses to improve operational efficiency and expand business scale. MTI is a subsidiary of Pelindo Solusi Logistik (SPSL), which is controlled by state-owned port operator Pelindo. In the second phase of the restructuring, ownership of MTI will be fully transferred to Pos Indonesia.

The brokerage also highlighted Indonesia's sharp decline in the IMD World Competitiveness Ranking 2026, where the country fell eight places to 48th from 40th a year earlier.

In response, the government said it will conduct a comprehensive evaluation, including through a debottlenecking task force, to identify obstacles affecting the country's investment climate and overall competitiveness.

"If these constraints are not addressed immediately and Indonesia's competitiveness does not improve, they could negatively affect the investment and trade climate, ultimately limiting stronger economic growth," Phintraco Sekuritas said.

Overnight, US stocks finished mixed as losses in major technology companies weighed on the broader market. Microsoft led declines among megacap technology stocks, dragging the tech-heavy Nasdaq lower even as most companies in the S&P 500 posted gains.

The S&P 500 slipped 7.24 points, or 0.1%, to 7,358.22, despite nearly two-thirds of its constituents advancing. The Dow Jones Industrial Average gained 182.06 points, or 0.4%, to 51,848.90, while the Nasdaq Composite fell 110.40 points, or 0.4%.

Regional markets traded mixed on Thursday morning. As of 9:02 a.m. Jakarta time, Japan's Nikkei 225 climbed 3.48% and South Korea's Kospi surged 5.21%. Hong Kong's Hang Seng Index fell 1.40%, while China's Shanghai Composite slipped 0.01%.