Gotrade News - The Jakarta Composite Index (JCI) showed positive movement on 03/17/2026, ahead of the Nyepi and Eid al-Fitr holidays in 2026. The JCI increased by 1.2% to 7,106.83, driven by gains across all stock sectors and daily transactions exceeding IDR 20 trillion.
This rise is significant as the JCI underwent a correction in the preceding days. Furthermore, a conducive market environment, supported by falling crude oil prices, provides additional optimism.
- The JCI gained 1.2%, closing in the green zone.
- Daily stock transactions surpassed IDR 20 trillion.
- Market conditions support this positive momentum.
Analyst Herditya Wicaksana from PT MNC Sekuritas mentioned that this gain aligns with morning predictions. Reports suggest the rebound is an opportunity following the recent correction. Investors welcome the more stable market conditions, hoping for continuous gains.
On the domestic front, the strengthening of the Rupiah against the US dollar and Bank Indonesia's decision to maintain the BI Rate at 4.75% provide a positive foundation for the market. This also indicates confidence in Indonesia's current economic stability.
All stock sectors closed in the green, with the transportation sector posting the highest increase of 3.69%. Positive performances were also seen in other sectors such as technology and basic materials, which rose 2.89% and 3.43%, respectively.
Shares of PT Medco Energi Internasional Tbk (MEDC) also rose by 2.86% to IDR 1,800 per share, while PT Rockfields Properti Indonesia Tbk (ROCK) recorded the highest surge of 24.82%.
Although some stocks experienced declines, the number of advancing stocks was much larger, indicating investor confidence in the market's recovery. This marks a positive momentum heading into the second half of 2026.
External factors, such as Iran reopening the Strait of Hormuz and reducing oil prices, also contributed to market optimism. This move is expected to help stabilize the global energy supply in the future.
The combination of these internal and external factors is expected to sustain the positive trend, especially as investors focus on new investment opportunities after the holidays.
Reference:
- Liputan6, IHSG Melesat 1,2% Jelang Libur Panjang Nyepi dan Lebaran 2026. Accessed on March 17, 2026
- IHSG Ditutup Naik 1,2 persen, Saham Transportasi GIAA dan ASSA Melesat Jelang Lebaran. Accessed on March 17, 2026
- Berita Satu, IHSG Hari Ini Selasa 17 Maret 2026 Ditutup Menguat 1,2 Persen ke 7.106. Accessed on March 17, 2026
Featured Image: GPT Image 1.5
