JAKARTA – Jakarta Composite Index (JCI) is expected to remain under pressure and test critical levels in the week ahead, after falling 6.61% over the past week (20–24 April 2026).

Analysts at Phintraco Sekuritas said a range of negative domestic and global factors continue to weigh on investor sentiment. Peace negotiations between the United States and Iran have yet to provide positive signals, while rupiah depreciation and Indonesia’s fiscal risk premium continue to rise.

“Globally, investors will be watching policy meetings by the Federal Reserve, European Central Bank, Bank of England and Bank of Japan this week,” Phintraco analysts said in a note to investors.

“JCI is expected to test the psychological level of 7,000,” they added.

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Meanwhile, analysts at CGS International Sekuritas Indonesia said gains in Wall Street and commodity prices at the end of last week could provide some positive sentiment.

However, foreign outflows and continued currency weakness remain negative catalysts for JCI. “The index is expected to move variably with a downward bias, with support at 7,005/6,880 and resistance at 7,255/7,380,” CGS analysts said.

At the end of last week, the Indonesia Stock Exchange announced a major review, or rebalancing, of several indices including IDX30, IDX80 and LQ45. Under the new methodology, market capitalisation is no longer the sole determinant in index calculation.

Research by BRI Danareksa Sekuritas noted that liquidity, free float and shareholder distribution are also key criteria for index inclusion.

“Technically, downside pressure on JCI may persist, as there remains an unfilled gap around the psychological 7,000 level,” BRI Danareksa analysts said.

Across emerging Asia, South Korea’s KOSPI opened in positive territory, rising 1.97%, while Hong Kong’s Hang Seng Index gained 0.31% as of 9.00 AM WIB, according to Bloomberg data. (KR/ZH)

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