Jakarta. Jakarta Composite Index (JCI) edged higher at Friday’s open as investors weighed developments in US-Iran peace negotiations and awaited domestic economic data, while regional markets tracked losses on Wall Street overnight.

The benchmark index rose 8 points or 0.11% to 7,182 in early trade, moving within a range of 7,148 to 7,186.

Data from RTI showed trading volume reached 3.83 billion shares with turnover totaling Rp 1.3 trillion ($74.89 million) across more than 225,000 transactions. Decliners outpaced gainers, with 323 stocks falling against 186 advancing, while 186 others were unchanged.

According to Kiwoom Sekuritas Indonesia, global market attention remains focused on peace negotiations between the United States and Iran. Washington and Tehran are reportedly drafting a 14-point proposal to resume permanent talks next week in Pakistan, covering nuclear issues, sanctions relief, and the reopening of the Strait of Hormuz.

However, uranium enrichment and nuclear inspections remain the main sticking points.

US President Donald Trump said military operations would stop if Iran agrees to the deal, but warned of larger attacks should negotiations collapse. Iran, meanwhile, is still reviewing the proposal and has yet to issue a final response, with some officials dismissing it as merely Washington’s “wish list.”

On the domestic front, Phintraco Sekuritas said investors are awaiting Indonesia’s April foreign exchange reserves data, which is expected to decline in line with the rupiah’s weakening trend.

The brokerage also projected Indonesia’s property price index growth to slow to 0.5% year-on-year in the first quarter of 2026 from 0.83% growth in the previous quarter.

“Domestic car sales are also expected to decline 7% year-on-year in April 2026 after falling 13.8% year-on-year in March 2026,” Phintraco Sekuritas said.

Phintraco added that Finance Minister Purbaya Yudhi Sadewa has approved tax exemptions related to state-owned enterprise corporate actions currently being carried out by sovereign wealth fund Danantara, including mergers, liquidations, and divestments.

The tax incentives are tied to the government’s broader SOE streamlining program.

“For example, if Danantara transfers assets from an SOE to a newly established company, the transaction will receive tax relief,” the brokerage said.

Kiwoom also noted that Danantara recently held a coordination meeting on SOE digital transformation attended by around 60 strategic holdings. The initiative focuses on integrating artificial intelligence, advanced analytics, cybersecurity, sovereign AI, and sovereign cloud systems to improve operational efficiency and reduce duplicated technology spending by 25%-40%.

“Danantara is also targeting accelerated digital talent development through the ‘Triple Helix’ model involving industry, government, and academia, given the need for around 600,000 additional digital talents annually through 2030,” Kiwoom said, adding that the SOE digital transformation roadmap will begin gradual implementation within the next six months.

Regional markets were mostly lower as of 9:04 a.m. Jakarta time. Japan’s Nikkei fell 0.61%, South Korea’s Kospi dropped 1.03%, Hong Kong’s Hang Seng slid 1.16%, and China’s Shanghai Composite weakened 0.16%.

US stocks retreated overnight after oil prices fluctuated sharply amid uncertainty over whether a potential agreement to end the Iran conflict can be reached. The S&P 500 slipped 0.4% from its record high, while the Dow Jones Industrial Average lost 313 points, or 0.6%. The Nasdaq Composite declined 0.1% from its own all-time high.