Jakarta. Jakarta Composite Index (JCI) closed firmly in positive territory on Thursday, climbing 133 points or 1.76% to 7,765, tracking a broad rebound across Asian markets following Wall Street’s overnight rally.
The benchmark index traded between 7,678 and 7,765 during the session. Trading activity was robust with 33.79 billion shares changing hands, generating Rp 17.15 trillion ($1.03 billion) in turnover across more than 2 million transactions. A total of 597 stocks advanced, 125 declined, and 96 were unchanged.
Among the day’s top gainers, Koka Indonesia (KOKA) jumped 35%, followed by Pikko Land Development (RODA) which surged 34.55%. Bhuwanatala Indah Permai (BIPP) and Trimitra Propertindo (LAND) each gained 34.48%.
On the losing side, Pelayaran Nasional Ekalya (ELPI) fell 14.60%, Indospring (INDS) dropped 14.52%, Bumi Benowo (BBSS) declined 13.11%, and Danasupra Erapacific (DEFI) slipped 10.28%.
Analysts at Pilarmas Investindo Sekuritas said the JCI’s rally aligned with gains across Asian markets as Wall Street recovered amid optimism over possible diplomatic talks between Iran and the United States.
Pilarmas noted reports suggesting Iranian intelligence officials were seeking dialogue with the CIA in an effort to end hostilities between the two sides, although negotiations are not expected in the immediate future.
“Even so, the possibility of dialogue offers hope that tensions in the Middle East could eventually ease,” the brokerage wrote in a research note on Thursday.
The firm also highlighted developments in China, where lawmakers set a 2026 economic growth target of 4.5%-5%, slightly adjusted from the roughly 5% target maintained over the past three years.
Markets responded positively after Chinese Premier Li Qiang signaled that the government aims to maintain economic momentum following the country’s 2025 growth target achievement, supported by resilient exports despite trade tensions with the United States.
To sustain growth, Beijing plans to keep its fiscal deficit at 4% of GDP while setting a consumer inflation target of around 2%, reflecting efforts to counter deflation after prices stagnated last year amid weak demand.
“Stabilizing employment remains a priority, with plans to create 12 million urban jobs and keep the unemployment rate at around 5.5%, unchanged from 2025,” Pilarmas said.
Local governments will also be allowed to issue CNY 4.4 trillion in special bonds to fund investment projects, while the central government will issue CNY 1.3 trillion in ultra-long-term bonds, in line with last year’s quota, to strengthen fiscal support.
Across the region, Asian markets broadly advanced on Thursday after Wall Street rebounded overnight, easing some of the volatility seen earlier this week.
South Korea’s Kospi surged 9.63% to 5,583 as investors hunted bargains following a historic drop the previous day. The government also announced an emergency 100 trillion won ($68.5 billion) financial package aimed at stabilizing markets.
In Japan, the Nikkei 225 rose 2.4% to 55,555, while Hong Kong’s Hang Seng added 71 points or 0.28% to 25,321. China’s Shanghai SSE climbed 0.64% to 4,108.
US stocks also rebounded on Wednesday after oil prices temporarily stabilized and fresh economic data pointed to continued resilience in the American economy. The S&P 500 rose 0.8%, recovering much of the losses recorded since the conflict with Iran began, while the Dow Jones Industrial Average gained 0.5% and the Nasdaq Composite climbed 1.3%.
