TEMPO.CO, Jakarta - The Jakarta Composite Index (JCI) of the Indonesia Stock Exchange (IDX) closed higher on Monday afternoon, following the strengthening of Asian regional markets and in line with hopes for a peace agreement between the United States and Iran.
The JCI closed up 44.30 points, or 0.72 percent, to 6,206.35. Meanwhile, LQ45 rose 10.77 points, or 1.74 percent, to 631.21.
"Asian regional markets are strengthening, with sentiment improving as global risk appetite grows, along with hopes for a peace deal between the U.S. and Iran," said Maximilianus Nico Demus, Associate Director of Research and Investment at Pilarmas Investindo Sekuritas, in a study in Jakarta on Monday, as quoted by ANTARA.
From abroad, senior U.S. officials indicated that the U.S. and Iran were close to reaching an agreement that could reopen the Strait of Hormuz. They said that they were still negotiating key terms and that final approval from both sides would likely take several days.
Although the peace agreement decision is not final, the signal provides hope for peace in the Middle East, and the reopening of the Strait of Hormuz will restore oil flows and the global economy.
Domestically, the JCI fluctuated due to global and domestic sentiment. The narrative of the U.S.-Iran agreement provided a positive catalyst, while pressure on the rupiah exchange rate provided negative sentiment.
Meanwhile, Bank Indonesia (BI) reported a US$9.15 billion deficit in Indonesia's Balance of Payments (NPI) in the first quarter of 2026, in line with global economic dynamics that could impact the NPI outlook.
The deficit was significantly larger than in the same period the previous year, fueling investor concerns about Indonesia's external resilience and increasing demand for the US dollar.
Opening higher, the JCI remained in rising territory until the close of the first trading session. In the second trading session, the JCI remained in rising territory until the close.
According to the IDX-IC Sectoral Index, seven sectors strengthened. The transportation and logistics sector led the way with a 4.20 percent increase. The property and financial sectors followed with increases of 1.23 and 1.14 percent, respectively.
Meanwhile, four sectors weakened. The energy sector fell the most, by 1.94 percent. The raw materials and health sectors followed, falling by 1.23 percent and 0.70 percent, respectively.
The stocks that experienced the biggest gains were GRIA, LAJU, TALF, RONY, and BBHI. Meanwhile, the stocks that experienced the biggest declines were DFAM, LCKM, ASPR, DAAZ, and AREA.
The stock trading volume reached 2,065,076 transactions, with 27.66 billion shares traded, worth Rp16.95 trillion. Of the stocks traded, 470 rose, 236 declined, and 114 remained unchanged.
This afternoon, the following Asian regional stock exchanges strengthened: the Nikkei Index (up 1,925.93 points, or 3.04 percent, to 65,265.00); the Shanghai Index (up 39.67 points, or 0.96 percent, to 4,152.57); the Hang Seng Index (up 219.51 points, or 0.86 percent, to 25,606.38); and the Straits Times Index (up 2.40 points, or 0.05 percent, to 5,070.55).
Read: Rupiah Weakens to Rp17,744 per US Dollar at Market Close
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