JCI Rises 1.22% to 7,057 as Q1 GDP Beats Expectations
Jakarta. Indonesia’s benchmark index closed firmly higher on Tuesday, rising 85 points, or 1.22%, to 7,057
RTI data recorded turnover reached Rp 16.8 trillion ($964.36 million) as stronger-than-expected first-quarter growth data reinforced confidence in domestic demand. Jakarta Composite Index (JCI) saw 360 stocks advancing, 328 declining, and 271 unchanged. Total volume reached 41.3 billion shares across 2.4 million transactions.
Central Statistics Agency (BPS) reported that Indonesia’s gross domestic product grew 5.61% year-on-year in the first quarter of 2026, accelerating from 5.39% in the previous quarter and 4.87% a year earlier. The figure also exceeded market expectations of around 5.30%.
Pilarmas Investindo Sekuritas said the rally was driven by positive domestic catalysts, particularly the stronger growth data. The expansion was supported by resilient household consumption, boosted by the Idulfitri festive period and holiday bonus (THR) disbursements, signaling a still-expansive and stable domestic economy despite global pressures.
Top gainers were led by Morenzo Abadi Perkasa (ENZO), which surged 34.72%, followed by Asuransi Bina Dana Arta (ABDA) up 24.92%, Perdana Bangun Pusaka (KONI) rising 24.69%, and Barito Pacific (BRPT) gaining 24.6%.
On the downside, Wijaya Cahaya Timber (FWCT) fell 15%, Yanaprima Hastapersada (YPAS) dropped 14.85%, Indospring (INDS) declined 14.67%, and DFI Retail Nusantara (HERO) slid 14.41%.
Global markets were mixed on Tuesday after Wall Street retreated from record highs. The benchmark S&P 500 slipped 0.4% to 7,200, the Dow Jones Industrial Average fell 1.1% to 48,941, and the Nasdaq Composite edged down 0.2% to 25,067.
Oil prices eased after earlier gains driven by escalating tensions between the United States and Iran. Trading in Asia was thin, with markets in Japan, South Korea, and mainland China closed for holidays. Hong Kong’s Hang Seng Index fell 0.8% to 25,898.
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