The Jakarta Composite Index (JCI) ended weekend trading in green territory, up 1.78% to 5,344.41 on Friday (13/11/2026).

Path of the index

The JCI opened at 5,265.67, slightly above the previous day's close. After a sharp rise in the morning, the index moved in a 5,290-5,320 range through the first session until midday. Entering the second session, gains returned and took the JCI to its daily high of 5,361.94.

Ahead of the close, the index slipped to around 5,305, but in the final minutes it returned to 5,344, near the daily peak. Trading volume was 273.12 million lots with a value of Rp11.46 trillion.

Sectors and index movers

According to Refinitiv data, the biggest gainers were academic and educational services at 4.82%, followed by energy at 2.67%, real estate at 2.44% and basic materials at 2.31%.

Stocks driving the index included PT Bumi Resources Minerals Tbk. (BRMS), PT Bank Rakyat Indonesia (Persero) Tbk. (BBRI), PT Bumi Resources Tbk. (BUMI), PT Barito Pacific Tbk. (BRPT) and PT Telkom Indonesia (Persero) Tbk. (TLKM). Stocks weighing on the index were PT Amman Mineral Internasional Tbk. (AMMN), PT Indofood CBP Sukses Makmur Tbk. (ICBP), PT Kalbe Farma Tbk. (KLBF), PT Vale Indonesia Tbk. (INCO) and PT Unilever Indonesia Tbk. (UNVR).

Factors the market is watching

1. Gibran Rakabuming Raka's resignation. MPR Speaker Ahmad Muzani received Gibran's resignation letter as vice president on Thursday. According to Muzani, Gibran asked for the letter to be processed promptly through institutional mechanisms. The MPR has at most 60 days to obtain a definitive vice president, and on Friday it was scheduled to hold a joint meeting of faction leaders and the DPD group to discuss follow-up. For markets, the certainty of the institutional process and policy continuity need watching because they can affect perceptions of political risk, investor confidence and fund placement decisions.

2. Japan's October 2026 producer inflation. The producer price index rose 7.1% year on year, from 6.8% in September and above the 6.5% consensus. Month on month it rose 0.7%, above the 0.3% forecast. Upstream cost pressure increased, especially in energy and chemicals, so it could be passed on to consumers and adds to market considerations on the Bank of Japan's direction, the yen and corporate margins.

3. US initial jobless claims. Claims reached 200,000 in the week ended 7 November 2026, up from 191,000 (after revision) and above the 195,000 consensus. But continuing claims fell to 1.697 million from 1.717 million, so the employment picture needs to be read as a whole. A change in the assessment of the labor market can affect Fed policy expectations, US bond yields and the dollar.

4. China's October 2026 new lending. China was scheduled to release new yuan loans at around 16:00 WIB. The consensus forecast CNY20 billion, compared with CNY1.08 trillion in September. The large gap needs to be read with seasonal patterns in mind. A result far from forecasts could affect the assessment of China's economic momentum, commodity demand and regional trade prospects, including Indonesia's.

5. Eurozone Q3 2026 growth. The second estimate was due at 17:00 WIB. The consensus expected growth to hold at 1.3% year on year and 0.4% quarter on quarter, in line with the initial estimate, compared with 1.2% year on year and 0.6% quarter on quarter in the previous quarter. That means annual growth strengthens while the quarter-on-quarter pace slows. The market is watching for possible revisions, which are also a consideration in reading the European Central Bank's policy room.

6. US October 2026 producer inflation. The US releases its producer price index at 20:30 WIB. The consensus expects annual inflation to rise to 6.6% from 6.3%, while the monthly rise slows to 0.4% from 1.3%. Core producer inflation (excluding food and energy) is expected to stay at 5% a year, with the monthly rise slowing to 0.3% from 0.7%. The market response will depend on the composition of price rises and their implications for Fed policy through the dollar and US bond yields.

7. Indonesian capital market reform. The government, authorities and market players are preparing three agendas to speed up bourse reform: raising issuer valuations (valuing up), faster rule enforcement, and stronger investor education. Deputy Coordinating Minister for Economic Affairs Dradjad Hari Wibowo said one focus is to lift company value through real-economy policy improvements, from taxation and import duties to green energy.

Sources

• IHSG Berakhir di Zona Hijau, Naik 1,78% ke 5.344,41 — CNBC Indonesia (Annisa Rini), 13 November 2026 16:04 WIB. https://www.cnbcindonesia.com/market/20261113152001-17-785087/ihsg-berakhir-di-zona-hijau-naik-178-ke-534441