The Jakarta Composite Index (JCI) staged a remarkable recovery this Friday (May 22), closing in positive territory after a shaky start to the trading session. The market opened under pressure, tumbling 2.02 percent to the 5,972 level, but quickly regained its momentum throughout the day.
According to data from Stockbit, investor sentiment shifted as the index rallied, ultimately closing with a significant gain. The JCI surged by 67.1 points, or 1.11 percent, to finish the day at 6,162.045. Mirroring this upward trend, the LQ45 index also posted a 0.66 percent gain, settling at 620.444. Trading activity was robust, with a total transaction value reaching Rp19.83 trillion, supported by a trading volume of 39.35 billion shares across 1.96 million transactions.
Market Movers: Top Gainers and Losers
The market saw several stocks record double-digit growth. Among the Top Gainers were:
- DFAM (Dafam Property Indonesia): Up 31 points (28.44%) to 140
- CTBN (Citra Tubindo): Up 1,150 points (25.00%) to 5,750
- PBSA (Paramita Bangun Sarana): Up 170 points (25.00%) to 850
- TALF (Tunas Alfin): Up 155 points (24.80%) to 780
- MDKA (Merdeka Copper Gold): Up 540 points (24.77%) to 2,720
Conversely, the Top Losers faced downward pressure, led by:
- PGLI (Pembangunan Graha Lestari Indah): Down 31 points (14.90%) to 177
- ASPR (Asia Pramulia): Down 50 points (14.79%) to 288
- BOBA (Formosa Ingredient Factory): Down 46 points (14.56%) to 270
- LCKM (LCK Global Kedaton): Down 24 points (14.55%) to 141
- APIC (Pacific Strategic Financial): Down 225 points (14.33%) to 1,345
Activity Metrics: Value and Volume
Investor interest remained concentrated in heavyweight stocks. The Top Value leaders included BBCA (Rp1.70 trillion), BUMI (Rp1.12 trillion), MDKA (Rp807.84 billion), BMRI (Rp771.88 billion), and BRPT (Rp716.39 billion). Meanwhile, the Top Volume leaders were dominated by BUMI (65.62 million shares), followed by BIPI (23.95 million), BNBR (18.50 million), DEWA (11.99 million), and CUAN (7.23 million).
Currency and Regional Market Performance
In the currency market, the Rupiah faced slight headwinds, closing at Rp17,700 against the US Dollar. This represents a depreciation of 32 points or 0.18 percent compared to the morning opening price of Rp17,668.
Across the region, Asian stock markets showed a collective upward trend. Data compiled from Stockbit and Yahoo Finance indicates the following regional performances:
- Japan’s Nikkei 225: Up 2.67% to 63,339.07
- Hong Kong’s Hang Seng: Up 0.86% to 25,606.03
- China’s SSE Composite: Up 0.87% to 4,112.90
- Singapore’s Straits Times: Up 0.41% to 5,066.37
Summary
The Jakarta Composite Index (JCI) experienced a strong recovery on Friday, May 22, surging 1.11 percent to close at 6,162.04 after an initial decline. This rally was supported by robust trading activity, totaling Rp19.83 trillion in value, and mirrored broader positive trends across major Asian markets like the Nikkei 225 and Hang Seng. The LQ45 index also participated in the gains, rising by 0.66 percent to 620.44.
Market performance was characterized by double-digit growth among top gainers, including DFAM and Citra Tubindo, while some stocks faced notable downward pressure. Despite the index’s growth, the Indonesian Rupiah experienced a slight depreciation, closing at Rp17,700 against the US Dollar. Heavyweight stocks such as BBCA and BUMI dominated investor interest throughout the session, maintaining high transaction volumes and values.