Breaking: JCI Plummets Again
- Jakarta - The Composite Stock Price index (CSPI) experienced a significant correction as the trading week began.
- Western Indonesian Time (WIB), the JCI had plummeted 2.27%, reaching 6,116.15, a decrease of 142 points.
- Market activity showed 100 shares rising, 489 shares falling, and 181 remaining unchanged.
Jakarta composite Index Plummets Ahead of Key Announcements
Table of Contents
Jakarta – The Composite Stock Price index (CSPI) experienced a significant correction as the trading week began. The index, after opening down 0.43% at 6,231.21, fell sharply within the first hour of trading.
As of 10:00 a.m. Western Indonesian Time (WIB), the JCI had plummeted 2.27%, reaching 6,116.15, a decrease of 142 points.
Market activity showed 100 shares rising, 489 shares falling, and 181 remaining unchanged. The total transaction value reached Rp 3.93 trillion,involving 3.91 billion shares across 329,000 transactions.
Blue chip stocks were particularly affected, especially those in the banking sector, issuers controlled by conglomerate groups, and state-owned enterprises (BUMN).
This downturn occurred ahead of anticipated announcements regarding the management of Indonesia’s Sovereign Wealth Fund (SWF).The government has reportedly transferred all Series A shares to PT Bureau Classification Indonesia as part of capital participation.
Market analysts predict a perhaps quiet trading week ahead, with the CSPI facing the possibility of further decline.
This projection stems from investors shifting their focus towards the upcoming Lebaran holiday and related preparations. Consequently, some investors are reportedly selling shares to secure profits and delay further transactions until after the Eid celebrations.
Looking at the week’s JCI performance, the index fell 3.95% to 6,258.18 by the close of trading on Friday, March 21, 2025. This correction extends the CSPI’s year-to-date decline to 11.61%.
The JCI also experienced a trading halt on Tuesday, March 18, 2025, after falling to a daily low of 7.11% at 6,011.84.
Net foreign selling has reached Rp 19.85 trillion in the past month. Year-to-date, foreign investors have withdrawn Rp 30.82 trillion from the Indonesian stock exchange.
Anagata Nusantara Investment Management Agency (and between)
The Investment Management Agency of Anagata Nusantara is scheduled to hold a press conference to announce strategic developments for the institution. The proclamation, scheduled for Monday, May 24, 2025, at 11:00 a.m., will also reveal the agency’s management team.
Key figures expected to attend include Rosan Roeslani, Head of Agency/Chief Executive Officer (CEO), Dony Oskaria, Chief Operating Officer, and Pandu Sjahrir, Chief Investment Officer (CIO).
The composition of this management team is highly anticipated by market participants, given the significant attention surrounding the institution, which was inaugurated on Feb. 24. The agency’s significant assets under management and the involvement of strategic BUMNs have placed it in the spotlight.
Initial funding is projected to reach $20 billion. The agency will initially oversee at least seven major SOEs, including PT Bank Mandiri (Persero) Tbk., PT Bank Rakyat Indonesia (Persero) Tbk., PT PLN (Persero), PT Pertamina (Persero), PT Bank Negara Indonesia (Persero) Tbk., PT Telkom Indonesia (Persero) Tbk., and PT Mineral Industri Indonesia (Persero) or Mind ID. Recent reports suggest the agency will manage all SOE assets.
If based on seven companies, the total assets under management would reach Rp 9,000 trillion.
These seven companies are among Indonesia’s largest and most strategic, playing a vital role in supporting the national economy.
Bank Himbara AGM
The Annual General Meeting of shareholders (AGM) for the State-Owned Bank Association (Himbara) is scheduled for this week.
PT Bank Rakyat Indonesia (Persero) Tbk. (BBRI) will hold its AGM today, March 24, 2025. PT Bank Mandiri (Persero) Tbk. (BMRI) will follow on Tuesday, March 25, 2025, with PT Bank Negara Indonesia (Persero) Tbk. (BBNI) and PT Bank Tabungan negara (Persero) Tbk.(BBTN) scheduled for Wednesday,March 26,2025.
Investors are keenly awaiting the Himbara Bank AGM, as it will determine the future management of these institutions. The four banks are expected to announce potential replacements for their directors and commissioners.
Furthermore, the banks are also expected to unveil strategic initiatives and dividend distributions.
What is the Jakarta Composite Index (JCI)?
The Jakarta Composite Index (JCI), also known as the Indeks Harga Saham Gabungan (IHSG), serves as the primary benchmark for the performance of the Indonesian stock market. It represents the weighted average of all stocks listed on the Indonesia Stock Exchange (IDX). Understanding the JCI is crucial for investors seeking to gauge the overall health of the Indonesian economy and the performance of its publicly traded companies.
What were the recent JCI market movements?
As of March 24, 2025, the JCI experienced a meaningful downturn as the trading week began.Here’s a breakdown:
Opening: The index opened down 0.43% at 6,231.21.
Intra-day Performance: within the first hour of trading, the JCI fell sharply.
Mid-Morning Decline: By 10:00 a.m. western Indonesian Time (WIB),the JCI plummeted 2.27%, reaching 6,116.15, a decrease of 142 points.
Market Activity:
100 shares rose.
489 shares fell.
181 shares remained unchanged.
Total transaction value reached Rp 3.93 trillion.
3.91 billion shares were traded across 329,000 transactions.
previous Week’s Performance: The JCI fell 3.95% to 6,258.18 by the close of trading on Friday, March 21, 2025.
What factors are influencing the current JCI decline?
Several factors are contributing to the recent JCI decline:
Anticipated Announcements Regarding the Sovereign Wealth Fund: The market is reacting to upcoming announcements about the management of Indonesia’s Sovereign Wealth Fund (SWF). The government has reportedly transferred all Series A shares to PT Bureau Classification Indonesia as part of capital participation.
Investor Sentiment and Holiday Preparations: Investors are shifting their focus to the upcoming Lebaran holiday and related preparations. Some investors are reportedly selling shares to secure profits and delay further transactions until after the Eid celebrations.
Blue Chip Stock Performance: Blue-chip stocks, particularly those in the banking sector, issuers controlled by conglomerate groups, and state-owned enterprises (BUMN), have been particularly affected.
foreign Investor Behavior: Net foreign selling has reached Rp 19.85 trillion in the past month. Year-to-date, foreign investors have withdrawn Rp 30.82 trillion from the Indonesian stock exchange.
What is the Anagata nusantara Investment Management Agency?
The Anagata Nusantara Investment Management Agency is a newly established institution expected to play a significant role in Indonesia’s financial landscape. Here’s what you need to know:
Strategic Developments: the agency is scheduled to announce its strategic developments at a press conference on Monday, May 24, 2025, at 11:00 a.m.
Management team: The press conference will reveal the agency’s management team, including:
Rosan Roeslani – Head of Agency/Chief Executive Officer (CEO)
Dony Oskaria – Chief Operating Officer
pandu Sjahrir - Chief Investment Officer (CIO)
Asset Management: Initial funding is projected to reach $20 billion. The agency will initially oversee at least seven major SOEs.
Potential Assets: Based on the initial seven companies, the total assets under management could reach Rp 9,000 trillion.
Significance: The agency’s formation and significant assets under management, combined with the involvement of strategic SOEs, have put it in the spotlight.
what are the implications of the Himbara Bank AGM?
The Annual General Meeting of shareholders (AGM) for the State-Owned Bank Association (Himbara) is scheduled for this week.
Schedule:
PT Bank Rakyat Indonesia (Persero) Tbk. (BBRI) held its AGM on March 24, 2025.
PT Bank Mandiri (Persero) Tbk. (BMRI) will hold its AGM on Tuesday, March 25, 2025.
PT Bank negara Indonesia (Persero) Tbk. (BBNI) and PT Bank Tabungan Negara (Persero) Tbk. (BBTN) are scheduled for Wednesday, March 26, 2025.
Investor Interest: Investors are keenly awaiting the Himbara Bank AGM to determine the future management of these institutions.
Key Discussions: The four banks are expected to announce potential replacements for their directors and commissioners. Moreover, they are expected to unveil strategic initiatives and dividend distributions.
Key Dates and Events
The decline in JCI is happening against a backdrop of key announcements and financial events. Here is a summary:
| Event | Date | Impact |
| —————————————————- | ————— | —————————————————————— |
| JCI Performance Decline | March 24, 2025 | significant correction in the index. |
| Transfer of Series A shares to PT Bureau | March 24, 2025 | Potential impact on investor sentiment |
| PT Bank Rakyat Indonesia (Persero) Tbk. (BBRI) AGM | March 24, 2025 | Could determine future management of the institution and impact of dividend distributions and strategic initiatives |
| PT Bank Mandiri (Persero) Tbk. (BMRI) AGM | March 25, 2025 | Could determine future dividend distributions and strategic initiatives |
| PT Bank Negara Indonesia (Persero) Tbk.(BBNI) AGM & PT Bank Tabungan negara (Persero) Tbk. (BBTN) AGM | March 26, 2025 | Could determine future management of the institution and impact of dividend distributions and strategic initiatives|
| Anagata Nusantara Investment Management Agency Press Conference | May 24, 2025 | Announcement of investments and appointments |