Manufacturing Recovery Fuels JCI's 1.11% Gain
Jakarta. Jakarta Composite Index (JCI) closed higher on Tuesday, gaining 68 points, or 1.11%, to 6,195, as improving domestic economic indicators outweighed concerns over geopolitical tensions and weaker regional markets.
The benchmark index traded between 6,143 and 6,264 during the session. Trading volume reached 31.1 billion shares, with turnover totaling Rp 25.37 trillion ($1.42 billion) across more than 2.5 million transactions. Declining stocks outnumbered gainers, with 389 shares falling, 281 advancing, and 147 remaining unchanged.
Pilarmas Investindo Sekuritas said the market's advance to signs of improvement in Indonesia's economy.
Indonesia's manufacturing activity returned to expansion territory in May. Data from S&P Global showed the Manufacturing Purchasing Managers' Index (PMI) rose to 50.0 in May 2026 from 49.1 in April.
"The increase was supported by stronger domestic new orders, which reached their highest level since February 2026," Pilarmas wrote in a research note.
Investor sentiment was also supported by controlled inflation. Data from the Central Statistics Agency (BPS) showed consumer prices rose 0.28% month-on-month and 3.08% year-on-year in May, remaining within Bank Indonesia's target range of 2.5% ±1%.
On the external front, Indonesia recorded a trade surplus of $90 million in April, although the figure was lower than the previous month. Exports stood at $25.40 billion, while imports reached $25.31 billion.
"These indicators were the main factors allowing the JCI to move against the broader trend in Asian markets, which generally weakened," Pilarmas said.
Despite the domestic optimism, the brokerage noted that global markets remained cautious amid escalating tensions in the Middle East, which could trigger volatility in oil prices.
Uncertainty increased after reports emerged that Iran had suspended talks with the United States, although US President Donald Trump said negotiations were still ongoing.
"Markets remain cautious over geopolitical developments that have yet to show any clear resolution, particularly regarding US-Iran relations and broader tensions in the Middle East," Pilarmas said.
The brokerage added that investors were also monitoring differing statements from Trump and Israeli Prime Minister Benjamin Netanyahu regarding the conflict in Lebanon, further adding to global uncertainty.
Most Asian markets ended lower on Tuesday as renewed fighting threatened the US-Iran ceasefire. Japan's Nikkei 225 fell 0.3% to 66,734, while South Korea's Kospi slipped 0.2% to 8,772.
Hong Kong's Hang Seng bucked the trend, rising 2.2% to 25,956, while China's Shanghai Composite added 0.4% to 4,075.
On Wall Street, US stocks extended their record-setting run overnight. The S&P 500 gained 0.3% to 7,599.96, the Dow Jones Industrial Average rose 0.1% to 51,078, and the Nasdaq Composite advanced 0.4% to 27,086.
Tags: Keywords:Related Articles
Manufacturing Recovery Fuels JCI's 1.11% Gain
JCI rose 1.11% on Tuesday as manufacturing activity returned to growth and inflation remained within target.Indonesia's Foreign Tourist Arrivals Reach Highest Since 2020
Indonesia welcomed 1.25 million foreign tourists in April, lifting Jan-Apr arrivals to the highest level since 2020.Indonesia's May Inflation Hits 0.28% on Food Price Surge
Indonesia's inflation accelerated to 0.28% in May, driven by higher food prices led by chili peppers, cooking oil, and shallots.Jakarta Stocks Jump 1.3% as Investors Eye Danantara Export Rollout, Inflation Data
JCI rose 1.3% at Tuesday's open as investors assessed Danantara's export policy rollout and awaited May inflation data.Barito Group Rally Helps Limit JCI Losses
The Jakarta Composite Index fell 0.56% in a holiday-shortened week as foreign investors sold Rp 8.52 trillion worth of stocks.JCI Defies MSCI Selloff Fears, Ends Flat
JCI slipped 0.05% as MSCI rebalancing, foreign selling, and rupiah weakness offset support from stronger global sentiment.JCI Rebounds Ahead of MSCI Rebalancing, Fed Outlook in Focus
JCI rose at the open as investors positioned for MSCI rebalancing, while monitoring Fed policy and US-Iran talks.JCI Slides 1.23% as US-Iran Tensions and BI Rate Hike Weigh on Market
JCI dropped 1.23% as renewed US-Iran tensions and Bank Indonesia’s rate hike pressured investor sentiment.Rupiah Weakness Keeps JCI Under Pressure in Early Trade
JCI slipped in early trade as rupiah concerns and weak investor confidence offset easing global geopolitical tensions.JCI Gains 0.72% on Optimism Over Potential US-Iran Deal
JCI rose 0.72% as optimism over US-Iran negotiations and a possible Hormuz reopening boosted global risk appetite.The Latest
Prabowo Replaces National Nutrition Agency Chief in Surprise Leadership Shake-Up
President Prabowo replaced the leadership of Indonesia’s National Nutrition Agency in a surprise shake-up of a key flagship program.Indonesia’s Trade Surplus Falls to Six-Year Low as Oil Imports Surge
A sharp increase in crude oil and fuel imports pushed Indonesia’s April trade surplus to its lowest level in six years.Rupiah Slides to Rp 17,839 Amid Geopolitical Uncertainty
Rupiah weakened to Rp 17,839 per US dollar as Middle East tensions and US trade policy uncertainty rattled markets.Palm Oil Exports Soar Double-Digits as New Trade System Begins
Palm oil producers are keeping their fingers crossed that the new one-gate trade regime will not scare away foreign buyers.Indonesia’s Creative Economy Attracts Rp 61.3 Trillion in Q1 Investment
The creative economy sector attracted Rp 61.3 trillion in Q1 investment, with foreign investors accounting for 71% of the total.Most Popular
