Gotrade News - Indonesia's Jakarta Composite Index (JCI) closed the first trading session of Monday, April 13, 2026 up 0.46% at 7,492, driven by buying in commodity and energy stocks, particularly shares tied to the Prajogo Pangestu conglomerate.
The recovery was notable given that the index had come under pressure early in the morning. The market staged a strong rebound heading into the close of the first session, with the intraday range spanning 7,351.36 to 7,500.13.
Key Takeaways:
- The JCI added 34.23 points to close at 7,492.73 in the first session, with total transaction value of IDR 10.10 trillion and market capitalization reaching IDR 13,325 trillion.
- Prajogo Group stocks led the advance: BRPT surged +15.40%, TPIA +5.76%, CUAN +5.58%, and BREN +4.31%.
- WBSA, the first IPO on the Indonesia Stock Exchange (IDX) in 2026, jumped 24.78% to IDR 282, just days after its listing on April 10, 2026.
JCI Stages Strong Recovery After Morning Pressure
The JCI opened Monday's session under pressure, briefly touching an intraday low of 7,351.36 before steadily reversing course. The solid recovery reflected investor confidence in key domestic sectors despite headwinds from broader Asian markets.
A total of 348 stocks advanced, 305 declined, and 162 were unchanged. Total transaction value reached IDR 10.10 trillion on volume of 23.55 billion shares and 1.51 million trade executions.
Three Sectors Drive the Gains
Of the 11 sectors traded, eight ended the first session in positive territory. Basic materials led the charge with a gain of 2.53%, followed by energy at +2.41% and industrials at +1.88%.
The strength in commodity-linked sectors is consistent with macro trading dynamics, where investors rotate into commodity assets during periods of global uncertainty. Domestic investors appeared to treat the morning dip as a buying opportunity at lower prices.
Prajogo Group Stocks Sweep the Leaderboard
Shares linked to the Prajogo Pangestu conglomerate were the primary engine of the JCI's first-session gains. BRPT (Barito Pacific) topped the gainers list with a 15.40% surge to IDR 2,210, followed by PTRO which rose 10.70% to IDR 5,950.
Other group affiliates also advanced in lockstep: TPIA gained 5.76%, CUAN rose 5.58%, and BREN added 4.31%. The coordinated buying across conglomerate-linked shares signals that foreign flow in the JCI and local institutional investors are beginning to accumulate domestic commodity stocks again.
WBSA Surges 24.78%: IDX's First IPO of 2026
Another highlight was WBSA, shares of PT BSA Logistics Indonesia and the first company to list on the Indonesia Stock Exchange in 2026. Having debuted on April 10, 2026, WBSA posted a sharp 24.78% gain to IDR 282 from its reference price of IDR 226.
Market enthusiasm for WBSA was evident in its 4,408 trade executions, with volume of 20,851 shares worth IDR 626.8 million. The IDX Director called the WBSA listing "interesting," noting it was the first company to list on the exchange in 2026.
For investors familiar with investment risk, the euphoria around IPO stocks like WBSA warrants careful attention given limited liquidity and the potential for high volatility in the early days of trading.
Laggards and Asian Market Pressure
On the other side of the ledger, several large-cap stocks weighed on the index. TLKM (Telkom Indonesia) fell 2.18%, ASII (Astra International) dropped 1.98%, and ARKO declined 1.83%.
Asian markets broadly finished in negative territory, with the Hang Seng down 1.16% and the Nikkei off 0.75%. Regional pressure weighed on early sentiment in Jakarta, but the domestic market ultimately demonstrated resilience with a solid rebound into the close of the first session.
Investors looking to diversify beyond the JCI may find it useful to track the IDX30 index alongside global instruments such as the S&P 500 ETF as additional reference points for reading overall market sentiment.
