Jakarta Composite Index Ends Slightly Higher, Foreign Investors Book Net Sell of IDR 214 Billion

The Jakarta Composite Index (JCI) closed slightly higher on Friday, April 11, 2025, gaining 8.20 points or 0.13 percent to finish at 6,262. Total investor transactions reached IDR 10.72 trillion, with 13.39 billion shares traded throughout the session.

Over the past week, the index declined in two trading sessions and gained in two others, resulting in an overall weekly drop of 3.25 percent.

Citing a report from cnnindonesia.com, According to Kautsar Primadi Nurahmad, Corporate Secretary of the Indonesia Stock Exchange (IDX), stock movements between April 8 and April 11 showed mixed results.

The market capitalization fell 3.88 percent from IDR 11,126 trillion to IDR 10,695 trillion. However, daily trading volume rose 0.71 percent to 18.90 billion shares. Meanwhile, average daily transaction value dropped 20.38 percent to IDR 14.81 trillion.

On the upside, average daily trading frequency surged 16.16 percent to 1.18 million transactions.

"Foreign investors posted a net sell of IDR 214.17 billion on Friday and have offloaded IDR 35.86 trillion worth of stocks year-to-date," Kautsar said.

JCI Outlook for the Week: Volatile but Mildly Bullish

Oktavianus Audi, Head of Customer Literacy and Education at Kiwoom Sekuritas Indonesia, projects that JCI will fluctuate but remain slightly bullish within the 6,000–6,500 range.

He noted that while technical indicators suggest some weakening, there is still room for a rebound, especially amid ongoing global tensions stemming from the U.S.–China tariff war.

“This tariff dispute continues to escalate global uncertainty, impacting markets including Indonesia,” he told CNNIndonesia.com, Sunday (13/4).

On a brighter note, the rupiah strengthened to IDR 16,800 per U.S. dollar after intervention by Bank Indonesia. Continued appreciation of the rupiah may trigger a positive market reaction.

Dividend season also offers positive momentum, with several stocks entering their cum date this week. Key names include ITMG (9.6% yield), ROTI (8.2%), BBNI (8.5%), and BBTN (6%).

Oktavianus advised investors to capitalize on short-term price increases while also benefiting from dividend payouts. His stock picks for this week include:

• ITMG: expected to rise from IDR 23,400 to IDR 24,600

• BRMS: from IDR 348 to IDR 410

• INCO: from IDR 2,190 to IDR 2,580

MNC Sekuritas Analyst: JCI Still Under Downward Pressure

Herditya Wicaksana, Technical Analyst at MNC Sekuritas, forecasted that JCI remains vulnerable to correction and may move in the 6,090–6,320 range this week.

Although some investors are starting to re-enter the market, they remain cautious due to lingering concerns over import tariff hikes.

He recommended the following stocks for the week:

• BBNI: projected to rise from IDR 4,390 to IDR 4,650

• CUAN: from IDR 6,000 to IDR 7,300

• LSIP: from IDR 1,070 to IDR 1,190