JCI Slips, Market Still Vulnerable

Rendy Andriyanto
Rendy Andriyanto
Gotrade Team
Reviewed by Gotrade Internal Analyst
JCI Slips, Market Still Vulnerable

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Gotrade News - The Jakarta Composite Index (JCI) saw a significant drop in Thursday's trading, (April 9, 2026). JCI opened down by 40.74 points or 0.56% amid a mostly red trading sector. This occurred with the rupiah exchange rate still at 17,000 per US dollar.

The weakening of the JCI reflects high market volatility, even though the index had risen by 4.42% the day before due to geopolitical sentiments. Capital market analyst, Hendra Wardana, believes the previous gain was triggered by a quick reaction to global situations rather than long-term fundamentals.

The current positioning of the JCI at 7,214 signifies that the market remains prone to pressure. A total of 331 stocks fell, while only two sectors, namely cyclic consumer and transportation, turned green, rising by 0.10% each. The infrastructure sector saw the largest decrease, at 1.25%.

According to Hendra, the JCI is at a crucial phase. If it can hold above the 7,200 area, the JCI may continue its uptrend towards the resistance in the range of 7,320–7,350. However, the risk of a correction persists if the JCI fails to maintain its position above this level.

The market seems to be in an early recovery stage and is considered not yet fully stable. Hendra warns that the market direction is primarily influenced by current global dynamics. If there is no permanent global agreement in the next two weeks, the market could experience a deeper correction.

Meanwhile, shares like BUMI and BBRI fell by 1.59% and 1.5%, respectively. Conversely, shares of FORE and BUVA increased by 3.73% and 2.08%, respectively. The total trading frequency reached 478,218 times with a trading volume of 6.6 billion shares, showing liquidity remains maintained in the market.

Moving forward, investors should monitor global geopolitical developments that can impact market sentiment. The current conditions present a momentum for investors to continuously observe JCI movements and prepare for the potential increase in volatility.


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Featured Image: GPT Image 1.5

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Gotrade is the trading name of Gotrade Securities Inc., which is registered with and supervised by the Labuan Financial Services Authority (LFSA). This content is for educational purposes only and does not constitute financial advice. Always do your own research (DYOR) before investing.


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