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JCI Slips 0.2% Despite Regional Rally

Associated Press, Ria Fortuna Wijaya
January 22, 2026 | 4:28 pm
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A man stands near an electronic board displaying stock prices at the Indonesia Stock Exchange in Jakarta, Indonesia, Friday, Aug. 1, 2025 (AP Photo/Tatan Syuflana)
A man stands near an electronic board displaying stock prices at the Indonesia Stock Exchange in Jakarta, Indonesia, Friday, Aug. 1, 2025 (AP Photo/Tatan Syuflana)

Jakarta. Jakarta Composite Index (JCI) ended Thursday in negative territory, down 18 points or 0.20% at 8,992, as domestic stocks lagged behind a broader regional rebound after moving within a day’s range of 8,992 to 9,109.

Trading activity remained robust. RTI data showed total volume reached 72.16 billion shares, with turnover amounting to Rp 37.96 trillion ($2.25 billion). Transaction frequency topped 4 million trades. By the close, 345 stocks advanced, 331 declined, and 128 ended flat.

On the gainers’ board, Jasa Berdikari Logistics (LAJU) led the rally, surging 34.67%. Lippo Karawaci (LPKR) jumped 31.63%, followed by Royaltama Mulia Kontrakorindo (RMKO), which added 24.77%, and Intra Golflink Resorts (GOLF), up 24.69%.

Meanwhile, Puri Sentul Permai (KDTN) posted the steepest loss, sliding 14.95%. Kioson Komersial Indonesia (KIOS) fell 14.91%, Citra Buana Prasida (CBPE) dropped 14.58%, and Hensel Davest Indonesia (HDIT) declined 14.29%.

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Pilarmas Investindo Sekuritas said a mix of external and domestic factors continued to support overall market sentiment despite the day’s decline. From the external side, most Asian markets advanced, tracking Wall Street’s rally after US President Donald Trump rolled back tariff threats and ruled out using military force to take control of Greenland, easing geopolitical concerns.

At a world leaders’ forum in Davos, Trump also said he would refrain from imposing tariffs on goods from the European Union. Pilarmas noted that these remarks helped calm market worries over deeper geopolitical and trade disputes linked to Greenland, even as details of future agreements with NATO remain unclear.

Domestically, sentiment was supported by Bank Indonesia’s decision to keep its benchmark interest rate unchanged at 4.75%. The central bank’s move, which matched market expectations, underscored its focus on rupiah stability while relying on macroprudential measures and liquidity support, according to Bank Indonesia.

Across the region, Asian equities mostly closed higher. Japan’s Nikkei 225 climbed 1.7% to 53,688, led by technology stocks, with SoftBank Group jumping 11.6% and Disco Corp. soaring 17.1%. In South Korea, the Kospi ended 0.9% higher at 4,952 after briefly crossing the 5,000 level for the first time, supported by gains in technology shares, including SK Hynix and Samsung Electronics.

Hong Kong’s Hang Seng Index edged up less than 0.1% to 26,600, while China’s Shanghai Composite added 0.1% to 4,122.

The easing of geopolitical tensions also buoyed Wall Street overnight. On Wednesday, the S&P 500 rose 1.2% to 6,875, the Dow Jones Industrial Average gained 1.2% to 49,077, and the Nasdaq Composite advanced 1.2% to 23,224.

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