JAKARTA — The Jakarta Composite Index (JCI) closed on a high note this Thursday, May 7, 2026, finishing the trading session at 7,174.32. The rally was largely fueled by significant gains across major blue-chip stocks, including PANI, BBRI, and BBCA.
According to Indonesia Stock Exchange (IDX) data, the index climbed 1.15%, or 81.85 points, to settle at 7,174.32. The market opened at 7,160.78 and reached an intraday high of 7,207.07. Market breadth remained positive, with 361 stocks advancing, 295 declining, and 160 remaining unchanged, bringing the total market capitalization to Rp12,808 trillion.
Among the standout blue-chip performers, PT Pantai Indah Kapuk Dua Tbk. (PANI) surged 6.65% to close at Rp9,225, while PT Bank Rakyat Indonesia (Persero) Tbk. (BBRI) rose 4.75% to Rp3,310 per share. PT Bank Central Asia Tbk. (BBCA) also provided strong support to the index with a 4.62% increase to Rp6,225, followed by PT Dian Swastatika Sentosa Tbk. (DSSA), which appreciated 4.05% to reach Rp1,540.
Conversely, some major stocks faced downward pressure. PT Chandra Asri Pacific Tbk. (TPIA) fell 10.20% to Rp5,725 per share, and PT Amman Mineral Internasional Tbk. (AMMN) dropped 7.20% to Rp4,640.
In terms of broader market movement, PT Dua Putra Utama Makmur Tbk. (DPUM) led the top gainers, soaring 35% to Rp162, while PT Sinergi Inti Tbk. (ESIP) followed with a 34.15% gain, closing at Rp220. Meanwhile, the top losers list was marked by PT Ricky Putra Globalindo Tbk. (RICY), which fell 11.90% to Rp111, and PT Haloni Jane Tbk. (HALO), which weakened by 10.99% to Rp81.
Valdy Kurniawan, Head of Research at Phintraco Sekuritas, noted that the JCI’s initial 0.36% gain to 7,117.97 during the first session was supported by easing tensions in the Middle East. From a technical perspective, Kurniawan highlighted that the composite index successfully closed above the MA5 level.
This positive momentum was reinforced by a narrowing negative bias in the MACD histogram and an upward trend in the stochastic RSI as it moved out of the oversold territory. Given these signals, market analysts anticipate that the JCI will maintain its upward trajectory and potentially test the 7,125 level in upcoming sessions.
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Summary
The Jakarta Composite Index (JCI) concluded Thursday’s trading session with a 1.15% gain, closing at 7,174.32. This rally was primarily driven by strong performances from blue-chip stocks, including PANI, BBRI, and BBCA, which helped push the market capitalization to Rp12,808 trillion. While 361 stocks advanced, notable declines were observed in TPIA and AMMN, reflecting a mixed market breadth.
Market analysts attribute this positive momentum to easing geopolitical tensions and favorable technical indicators, such as the index closing above the MA5 level. With the stochastic RSI moving out of oversold territory, experts suggest the JCI may maintain its upward trend in upcoming sessions. Investors are advised to view this report as informational rather than financial investment advice.
