Flooring Guide by Cinvex — JAKARTA — The Jakarta Composite Index (JCI) concluded Thursday’s trading session (May 7, 2026) on a high note, climbing to 7,174.32. This bullish momentum was primarily fueled by significant gains among several large-cap stocks, including PANI, BBRI, and BBCA.
According to data from the Indonesia Stock Exchange (IDX), the JCI rose by 1.15%, or 81.85 points, to settle at 7,174.32. The index opened at 7,160.78 and reached an intraday high of 7,207.07 during the session.
Market breadth remained positive, with 361 stocks advancing, 295 declining, and 160 remaining stagnant. By the close of trading, the total market capitalization reached Rp12,808 trillion.
Market Movers and Big Caps
Among the major market players, PT Pantai Indah Kapuk Dua Tbk. (PANI) led the charge with a 6.65% increase to Rp9,225, while PT Bank Rakyat Indonesia (Persero) Tbk. (BBRI) grew by 4.75% to Rp3,310 per share. Other notable performers included PT Bank Central Asia Tbk. (BBCA), which rose by 4.62% to Rp6,225, and PT Dian Swastatika Sentosa Tbk. (DSSA), which appreciated by 4.05% to reach Rp1,540.
Conversely, some blue-chip stocks faced selling pressure. PT Chandra Asri Pacific Tbk. (TPIA) fell 10.20% to Rp5,725 per share, and PT Amman Mineral Internasional Tbk. (AMMN) dropped 7.20% to Rp4,640.
Top Gainers and Losers
Outside the large-cap sector, PT Dua Putra Utama Makmur Tbk. (DPUM) emerged as one of the top gainers, surging 35% to Rp162, while PT Sinergi Inti Tbk. (ESIP) recorded a robust 34.15% gain to reach Rp220 per share.
On the flip side, PT Ricky Putra Globalindo Tbk. (RICY) led the list of top losers, declining 11.90% to Rp111, followed by PT Haloni Jane Tbk. (HALO), which fell 10.99% to Rp81 per share.
Technical Outlook and Analysis
Valdy Kurniawan, Head of Research at Phintraco Sekuritas, noted that the JCI’s initial rise in the morning session was supported by easing geopolitical tensions in the Middle East.
From a technical standpoint, the index successfully closed above the MA5 moving average. This move was accompanied by a narrowing negative histogram on the MACD, while the stochastic RSI showed upward momentum after emerging from oversold territory.
“Given this combination of technical indicators, we anticipate that the JCI will continue its upward trend, with the potential to test the 7,125 level in upcoming sessions,” Valdy stated in the daily research report.
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Summary
The Jakarta Composite Index (JCI) closed Thursday’s trading session (May 7, 2026) significantly higher, rising 1.15% to 7,174.32. This bullish momentum was primarily driven by strong gains in major large-cap stocks, including PANI (+6.65%), BBRI (+4.75%), and BBCA (+4.62%). Market breadth was positive, with 361 stocks advancing against 295 declining, contributing to a total market capitalization of Rp12,808 trillion.
While key large-cap stocks surged, some blue-chip counters like TPIA and AMMN experienced declines. Analysts attributed the JCI’s rise partly to easing geopolitical tensions. Technical indicators suggest the index successfully closed above its MA5, with a narrowing negative MACD histogram, indicating a potential continued upward trend towards the 7,125 level.