JCI Climbs as Banking Stocks Rally

The Jakarta Composite Index (JCI) experienced a notable boost, closing just shy of the 7,000 mark at 6,979.88 on Wednesday,May 14,2025. This surge was largely fueled by the strong performance of several major banking stocks.

According to market data, the JCI gained 2.15% during the trading session. Market activity was broadly positive, wiht 418 stocks advancing, 218 declining, and 166 remaining unchanged.

KBMI 4 Banks Lead the Charge

Shares of banks categorized under the Core Capital (KBMI) 4 classification demonstrated especially strong gains, driving much of the day’s positive momentum. These banks, recognized for their robust capital reserves, attracted significant investor interest.

Individual Bank Performance

• Bank Negara Indonesia (BBNI): BBNI shares saw the most considerable increase, jumping 6.59% to reach Rp 4,370 per share. A total of 179.5 million shares changed hands in 29,788 transactions, amounting to a transaction value of Rp 764.5 billion.
• bank Rakyat Indonesia (BBRI): BBRI, known for its focus on the retail segment, also experienced a significant rise, climbing 6.51% to Rp 4,090 per share. The stock recorded a high transaction volume of 461.6 million shares across 64,353 trades, resulting in a transaction value of Rp 1.9 trillion.
• Bank Mandiri (BMRI): BMRI shares strengthened by 5.87%, reaching Rp 5,050 per share. Trading volume reached 342.5 million shares in 43,367 transactions, with a total transaction value of Rp 1.7 trillion.
• Bank Central Asia (BBCA): BBCA shares rose by 3.06%, closing at Rp 9,275 per share. The day’s trading saw 149 million shares exchanged in 36,367 transactions, with a transaction value of Rp 1.4 trillion.

BBCA’s Market Dominance

BBCA’s performance over the past month has been notable, with shares gaining 10.42%. The bank’s market capitalization stands at Rp 1,131.94 trillion, representing a significant 9.32% of the total capitalization of the Indonesia Stock exchange (IDX), which is Rp 12,141.64 trillion. This highlights BBCA’s substantial influence on the Indonesian stock market.

The continued growth in the banking sector reflects increasing investor confidence in Indonesia’s financial stability and economic prospects. As of the latest data, the financial sector contributes significantly to the overall GDP, showcasing its importance to the nation’s economy.