JCI Closes 0.69% Lower Ahead of Eid Holiday

March 11, 2026 | 09:05 pm

TEMPO.CO, Jakarta - The Jakarta Composite Index (JCI) of the Indonesia Stock Exchange (IDX) closed lower on Wednesday afternoon, March 11, 2026, as investors engaged in short-term trading ahead of the long Eid holiday 2026.

The JCI closed lower by 51.51 points or 0.69 percent to 7,389.40. Meanwhile, the 45 leading stocks or LQ45 index dropped by 7.69 points or 1.01 percent to 752.25.

"Investors tend to engage in short-term trading amid increasing uncertainty related to the conflict between the United States and Israel with Iran, and ahead of the long Eid holiday starting next midweek," said Ratna Lim, Head of Research at Phintraco Sekuritas, in Jakarta, as cited by Antara.

Meanwhile, stock markets in Asia closed mixed on Wednesday afternoon, as investors awaited developments in the Middle East conflict.

Market players are weighing conflicting messages from U.S. President Donald Trump's administration regarding the Strait of Hormuz.

U.S. Energy Secretary Chris Wright had claimed on social media that the U.S. Navy had escorted a tanker, only to delete the post after the White House denied the operation.

At the same time, the Pentagon said the U.S. and Israel had carried out their most intense attacks on Iran and would continue until Tehran is defeated, contradicting President Trump's earlier statement that the conflict could soon end.

After opening higher, the JCI moved into negative territory until the end of the first stock trading session. In the second session, the JCI remained in the red zone until the stock market closed.

Based on the IDX-IC Sectoral Index, four sectors strengthened, with the technology sector showing the highest increase at 1.06 percent, followed by the health and property sectors, which rose by 0.38 percent and 0.30 percent, respectively.

Meanwhile, seven sectors corrected, with the energy sector recording the deepest decline at 1.69 percent, followed by the raw material and industrial sectors, which dropped by 1.66 percent and 1.09 percent, respectively.

The stocks that experienced the largest gains were UANG, NTEV, DEFI, KUAS, and PTMP, while the stocks with the biggest price declines were INPC, ICON, INDY, ENRG, and AADI.

The stock trade frequency recorded 1,849,112 transactions, with 32.19 billion shares traded worth Rp15.68 trillion. 312 stocks rose, 366 stocks declined, and 139 remained unchanged in value.

Other Asian regional stock exchanges this afternoon include the Nikkei index, which rose by 777.00 points or 1.43 percent to 55,025.40, the Hang Seng index, which fell by 61.14 points or 0.24 percent to 25,898.76, the Shanghai index, which rose by 10.29 points or 0.25 percent to 4,133.43, and the Strait Times index, which rose by 3.17 points or 0.07 percent to 4,863.81.

Read: Indonesia Eyeing to Achieve 6% Growth in Q1 of 2026

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