TEMPO.CO, Jakarta - Head of Research at Kiwoom Sekuritas, Liza Camelia Suryanata, disclosed several factors driving the Jakarta Composite Index (JCI) of the Indonesia Stock Exchange (IDX) to rise today. This surge follows the global stock market and is triggered by the peace agreement between the United States and Iran.
Note that JCI opened this morning, surging 111.07 points, or 1.85 percent, to 6,118.73. The 45 leading stocks group, also known as the LQ45 Index, rose by 13.38 points, or 2.24 percent, to 601.83.
"Kiwoom Research is quite optimistic to gradually recommend an average up," said Liza in her analysis in Jakarta, Monday, June 15, 2026, as quoted from ANTARA.
Liza explained that the driving factors of JCI include external factors. Over the past weekend, market attention was focused on developments in the Middle East. U.S. President Donald Trump has announced that the peace agreement between the U.S. and Iran has been finalized and will be formally signed on June 19, 2026, in Switzerland.
This was confirmed by Iranian Deputy Foreign Minister Kazem Gharibabadi about the finalized memorandum of understanding (MoU).
The agreement includes the reopening of the Strait of Hormuz, the withdrawal of the U.S. naval blockade against Iran, the release of $25 billion worth of frozen Iranian assets, and Iran's commitment not to develop nuclear weapons during the final negotiation process.
However, Iran has affirmed that the management of the Strait of Hormuz will remain under Iran and Oman, and there is still the possibility of levying charges for navigation and security services.
Furthermore, Liza stated that the focus of market participants this week is the first meeting of the Fed under the leadership of Kevin Warsh, which is expected to maintain interest rates in the range of 3.5-3.75 percent. "The improvement in geopolitical situation reduces concerns about global energy supply disruptions and directly increases investors' risk appetite," she added.
Meanwhile, the internal factors that strengthen the index come from the World Bank's projection regarding Indonesia's state budget deficit at 2.8 percent of GDP in 2026-2027. The deficit is expected to decrease slightly to 2.7 percent in 2028, due to pressure from energy subsidies, government priority programs, and the projected increase in debt interest burden from 18.7 percent to 19.2 percent of state revenue in 2028.
The driving factor for JCI is the deepening of financial cooperation between Bank Indonesia (BI) and the People's Bank of China (PBOC) through improvements to the Bilateral Currency Swap Agreement (BCSA). In addition, there are activities regarding the expansion of local currency transactions, the establishment of Renminbi Clearing Arrangement in Indonesia, the launch of cross-border QR in Indonesia-China, and Bank Mandiri's participation in the cross-border payment system CIPS China.
Another internal factor is Danantara, through PT Danantara Investment Management (DIM), issuing its inaugural global bonds worth $1.5 billion with yields of 5.35 percent (5-year tenor) and 5.95 percent (10-year tenor), as part of the $5 billion GMTN program. While investor attention is focusing on Indonesia's fiscal risks, rupiah stability, and the expansion of Danantara's mandate as the sole exporter of strategic commodities starting next September.
European stock exchanges collectively surged as of last Friday's trading. Some of these exchanges include the Euro Stoxx 50, which rose by 2.16 percent, the FTSE 100 Index from the UK rose by 1.63 percent, the DAX Index from Germany rose by 1.76 percent, and the CAC 40 Index from France rose by 1.83 percent.
Meanwhile, the U.S. Wall Street stock exchanges also made gains last Friday, such as the Dow Jones Industrial Average rising by 0.17 percent, the S&P 500 index rising by 0.50 percent, and the Nasdaq Composite index rising by 0.31 percent.
As for the Asian regional stock exchanges that rose today, they include the Nikkei Index rising by 5.44 percent to 69,680.00, the Shanghai Index rising by 0.94 percent to 4,096.31, the Hang Seng Index rising by 0.43 percent to 24,828.00, and the Straits Times Index rising by 1.14 percent to 5,083.78.
Read: JCI, Rupiah Close Stronger on Friday as Market Sentiment Eases
Click here to get the latest news updates from Tempo on Google News
JCI, Rupiah Close Stronger on Friday as Market Sentiment Eases
2 hari lalu
Some sentiments that previously triggered market panic have improved. JCI closed stronger at 6,007 while rupiah strengthened to Rp17,860.
Today's Top 3 News: Indonesia, Brunei Police Probe Fatal Jakarta Assault Tied to Celebrity
3 hari lalu
Here is the list of the top 3 news on Tempo English today.
JCI Gains as Investors Welcome Measures to Ease Market Turmoil
4 hari lalu
The Jakarta Composite Index (JCI) rose on Wednesday afternoon as investors welcomed policy measures aimed at addressing market turmoil.
Indonesia's JCI Tumbles, Rupiah Weakens at Market Close
6 hari lalu
The Jakarta Composite Index (JCI) plunged 4.52 percent to close at 5,342 on Monday, while the rupiah weakened to Rp18,187 against the U.S. dollar.
Rupiah Weakens to 18,129 per US Dollar, JCI Drops 4%
7 hari lalu
The exchange rate of the rupiah weakened in the morning of Monday, June 8, 2026. The domestic stock market index also opened in the red zone.
JCI Plunges 8.69% in a Week
8 hari lalu
IDX market capitalization dropped 8.59 percent to Rp9,807 trillion from Rp10,729 trillion last week.
JCI Closes Lower at 5,594 as Rupiah Strengthens Slightly
9 hari lalu
The Jakarta Composite Index (JCI) dropped 4.20 percent by the end of trading this afternoon.
How to Save Rupiah and JCI from Further Drops
9 hari lalu
An economist shared insights on how to save rupiah and the Jakarta Composite Index (JCI/IHSG) from weakening further.
JCI Stays Under Pressure, Falls 2.5% in Friday's First Session
10 hari lalu
The JCI's decline underscores heightened market uncertainty, prompting investors to reduce exposure to riskier assets.
IDX Boss Assures Market Is Good as JCI Hits Lows
10 hari lalu
The IDX Interim CEO reassures investors that capital market fundamentals remain strong despite the JCI falling to its lowest level since 2021.
