Gotrade News - Indonesia's benchmark Jakarta Composite Index (JCI) closed down 3.38% or 249.12 points at 7,129.49 on Friday, April 24, 2026. The drop marked a fifth straight losing session for the Southeast Asian market.
Daily turnover hit Rp24.3 trillion on volume of 44.80 billion shares, with 701 stocks declining against just 92 advancing. Selling was concentrated in large-cap banks and conglomerate names.
- All four state-linked big banks fell together, with BCA (BBCA) leading losses at 5.84%
- Every sector closed in the red, led by cyclical consumer and energy names
- Analysts at BRI Danareksa cited a weak rupiah and surging commodity prices as the main triggers
Bank Central Asia (BBCA) was the biggest single drag, sliding 5.84% to Rp6,050. Bank Rakyat Indonesia (BBRI) lost 2.85% to Rp3,070, while Bank Mandiri (BMRI) fell 2.81% to Rp4,500 and Bank Negara Indonesia (BBNI) dropped 2.58% to Rp3,770.
The blue-chip LQ45 Index fell 3.51% to 690.76 and the Kompas100 Index dropped 3.71% to 966.89. All major benchmarks ended the Friday session deep in negative territory.
By sector, cyclical consumer stocks led the decline at 4.27%, followed by energy at 4.22% and infrastructure at 4.06%. Financials fell 2.27% on concentrated bank selling.
Research from BRI Danareksa flagged three drivers, namely the rupiah hitting historic lows, global uncertainty, and rising energy commodity prices. The mix threatens to widen Indonesia's fiscal deficit heading into mid-year.
DSSA was the session's deepest loser at 10.22%, followed by BRPT at 7.76% and BREN at 6.29%. On the upside, ADMR inched up 1.90% and HEAL added 0.84%.
Transaction frequency reached 2.66 million, underscoring the intensity of Friday's sell-off. Retail investors were also reported to be locking in profits after a sustained run of index declines.
The 7,100 psychological level is now the market's short-term line of defense. Analysts will also track support levels for the big four banks as the key signal for next week's direction.
