KONTAN.CO.ID – JAKARTA. The Jakarta Composite Index (JCI) finished in positive territory during Monday’s trading session on May 25, 2026, despite a continued wave of foreign capital outflows.
According to data from the Indonesia Stock Exchange (IDX), the JCI climbed 0.72% to settle at the 6,206 level. This gain occurred even as foreign investors recorded a net sell of approximately Rp1.07 trillion in the regular market.
Reza Diofanda, a Technical Analyst at BRI Danareksa Sekuritas, noted that the index’s upward movement was supported by the majority of sectors, with banking stocks serving as the primary growth engine. “The strengthening of the index was driven by the banking sector, which acted as the main motor for the market rebound, even as foreign investors maintained their net selling positions,” he told Kontan on Monday (25/5/2026).
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In terms of global sentiment, market participants are closely monitoring the evolving situation between the United States and Iran, which has now entered an advanced negotiation phase. Reza explained that progress in peace talks and the potential reopening of the Strait of Hormuz have acted as positive catalysts, despite remaining differences regarding Iran’s uranium policies and shipping levy regulations.
On the domestic front, the market reacted to the government’s latest policy regarding the export mechanism for strategic commodities through a specialized state-owned entity, PT Danantara Sumberdaya Indonesia (DSI). The full implementation of this policy has been rescheduled to January 1, 2027, with a transition period set to run from mid-2026 through the end of the year.
“This policy provides much-needed adjustment room for businesses, which has helped alleviate short-term market concerns,” Reza added.
From a technical standpoint, the JCI is showing early signs of a rebound after successfully maintaining its position within a critical support zone. The index managed to hold the 5,900–6,100 range and now has the potential to continue a limited appreciation, targeting a resistance area between 6,250 and 6,300.
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However, Reza cautioned that market movements are likely to remain volatile. Investors are still awaiting the outcome of Iran-US negotiations, the effectiveness of the MSCI rebalancing, and potential profit-taking actions ahead of the upcoming long market holiday.
For Tuesday’s trading session on May 26, 2026, Reza recommended several stocks for short-term trading strategies:
PT Bank Tabungan Negara Tbk (BBTN): Recommended buy area between Rp1,350–Rp1,400, with a target price of Rp1,420–Rp1,455 and a stop loss set below Rp1,300.
PT Hartadinata Abadi Tbk (HRTA): Recommended buy range of Rp2,350–Rp2,400, with a target price of Rp2,450–Rp2,500 and a stop loss below Rp2,300.
PT MAP Aktif Adiperkasa Tbk (MAPA): A “buy on weakness” strategy is suggested at Rp590–Rp615, with a target price of Rp630–Rp655 and a stop loss below Rp570.
Summary
The Jakarta Composite Index (JCI) rose 0.72% to reach the 6,206 level on May 25, 2026, primarily driven by growth in the banking sector. Despite foreign investors recording a net sell of approximately Rp1.07 trillion, the index maintained its upward momentum. Positive sentiment was further bolstered by progress in peace negotiations between the United States and Iran regarding the Strait of Hormuz.
Domestically, the government’s decision to delay the implementation of a new commodity export policy until 2027 provided a necessary adjustment period for businesses. Technically, the JCI is showing signs of a rebound with a potential target resistance area between 6,250 and 6,300. Analysts remain cautious about continued volatility as investors monitor geopolitical developments and upcoming market holidays.