99 Tekno – JAKARTA. The Jakarta Composite Index (JCI) closed slightly lower by 0.05% to reach 6,127.38 on Friday (May 29, 2026). Over the course of the week, the index recorded a decline of 0.56%. Analysts remain cautious, predicting that the JCI may face continued pressure in the week ahead.
Herditya Wicaksana, Head of Retail Research at MNC Sekuritas, indicated that the index is likely to experience further corrections. He identifies the support level at 6,071, with resistance positioned at 6,262. According to Wicaksana, investors should closely monitor several critical economic indicators, including China’s PMI data, United States labor market reports, Indonesia’s inflation rates, and the progress of the 60-day ceasefire negotiations.
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Offering a technical perspective, Alrich Paskalis Tambolang, an Equity Research Analyst at Phintraco Sekuritas, suggests that the JCI could move sideways within the 6,000 to 6,300 range. He noted that the Stochastic RSI is showing a reversal toward the pivot, while the negative MACD histogram is narrowing, signaling a potential stabilization in the coming week.
For investors looking to navigate this environment, Tambolang highlights several stocks to watch: DEWA with a price range of Rp 384–Rp 412, UNTR ranging between Rp 24,225–Rp 25,250, and UNVR at the Rp 1,805–Rp 2,000 level.
Reflecting on the past week, Wicaksana noted that the JCI’s 0.56% decline was influenced by a relatively short trading week, the depreciation of the Indonesian Rupiah against the US Dollar, MSCI rebalancing, and ongoing investor scrutiny regarding US-Iran negotiations. External factors, such as heightened geopolitical tensions and global market dynamics, remain at the forefront of investor concerns, while domestic pressure continues to weigh on the index performance.
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Tambolang agreed, noting that the JCI’s weakness occurred against the backdrop of the MSCI rebalancing, an event that had been largely anticipated by market participants. He explained that although there was selling pressure on specific stocks, the correction was not as severe as initially feared, as investors had already factored the rebalancing into their strategies.
Despite the bearish sentiment, some optimism was provided by the broader Asian stock market rallies, which were fueled by a surge in technology stocks on Wall Street. Furthermore, lower crude oil prices acted as a temporary tailwind. However, ongoing pressure persists due to the weakening Rupiah, which closed the week at Rp 17,881 per US Dollar in the spot market. Across sectors, healthcare stocks saw the deepest corrections, while the infrastructure sector emerged as the top performer.
Summary
The Jakarta Composite Index (JCI) ended the week at 6,127.38, reflecting a 0.56% decline amid concerns over the weakening Rupiah, MSCI rebalancing, and geopolitical tensions. Analysts anticipate continued pressure in the coming week, with support levels identified near 6,071 and expected sideways movement between 6,000 and 6,300. Investors are advised to closely monitor critical economic indicators, including China’s PMI data, US labor reports, and domestic inflation rates.
Despite the bearish market sentiment, some stability is suggested by technical indicators like the narrowing negative MACD histogram. Analysts recommend keeping a close watch on specific stocks such as DEWA, UNTR, and UNVR to navigate the current volatility. While healthcare sectors experienced the sharpest declines, infrastructure stocks showed resilience, providing a mixed outlook for the market ahead.