JAKARTA - The Composite Stock Price Index (JCI) moved in the red zone on Friday, January 23, 2026.
Referring to RTI data until 10.27 WIB, the JCI was recorded to have corrected 151.574 points or an equivalent decline of 1.69 percent to the level of 8,840.60.
At the start of trading, the JCI opened at 9,031.49. Throughout the session, the index touched a high of 9,039.66 and a low of 8,868.39.
In terms of trading activity, the transaction volume reached 29.56 billion shares with a transaction value of IDR 14.44 trillion. The trading frequency was recorded as many as 1,689,839 transactions.
The stock movement showed 111 emitters strengthened, 605 emitters weakened, while 82 stocks stagnated.
Previously, Phintraco Sekuritas in its research explained that this was a positive factor and had encouraged the rebound of the JCI, but technically the JCI was still closed below the MA5 and MACD had the potential to form a Death Cross.
"So it is estimated that the JCI has the potential to continue the correction by testing the support level at 8,850-8,950," wrote Phintraco Sekuritas.
In addition, the rupiah in the spot market closed at a stronger level of Rp16,885 per US dollar in yesterday's Thursday trading. Although the US dollar index strengthened, most Asian currencies tended to move up.
The decision of the Board of Governors Meeting (RDG) to maintain the BI Rate, as well as the BI statement that it will not hesitate to intervene against the rupiah, are factors that have contributed to the strengthening of the rupiah. From the domestic side, data on M2 Money Supply for December 2025 will be released, Friday, January 23.
Phintraco Sekuritas explained that investors will pay attention to Japan's December 2025 inflation data which is expected to slow down at the level of 2.7 percent (yoy) from 2.9 percent (yoy) in November 2025.
Investors are also looking forward to the Bank of Japan (BoJ) meeting, which is expected to still keep interest rates at 0.75 percent, today. Meanwhile, from the UK, retail sales and S&P global manufacturing and services PMI flash will be released. From the US, the manufacturing and services index will be released, as well as the Michigan Consumer Sentiment Final January 2026.
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