JAKARTA – Jakarta Composite Index (JCI) surged 3.8% to 6,472.36 during trading on Wednesday (26/3).

The rise in the stock prices of several big banks pushed JCI to its highest level in the last seven trading days.

Shares of PT Bank Mandiri (Persero) Tbk (BMRI) ranked first among the Top Leaders, with an 8.65% price increase contributing 36.60 index points. PT Bank Central Asia Tbk (BBCA) followed closely behind with a 5.90% price increase, contributing 30.87 index points.

Meanwhile, the shares of PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) and PT Bank Negara Indonesia (Persero) Tbk (BBNI) also rose by 5.26% and 8.97%, respectively, contributing 30.70 and 12.79 index points.

In addition, foreign investors posted a net buy of IDR 2.58 trillion. However, foreign investors have still recorded a net sell of IDR 30.55 trillion since the beginning of the year.

According to observations from IDNFinancials.com, JCI's performance on Wednesday topped the charts, surpassing the composite indices of five other ASEAN countries. Despite this, JCI has still corrected by 8.58% year-to-date. (KR/ZH)