Despite the sharp sell-off, the market managed to recover part of its losses toward the close, with the JCI settling at 7,337.37. The late-session rebound suggests selective bargain hunting and rotation into commodity-linked counters, as investors positioned for potential upside in energy and raw material prices should geopolitical tensions persist.

Most Active JCI (9 March 2026)

Trading activity on March 9th remained concentrated in commodity and banking heavyweights, which dominated the most active stocks by transaction value during the session. Resource-linked counters such as Bumi Resources Tbk, Energi Mega Persada Tbk, Medco Energi Internasional Tbk, and Aneka Tambang Tbk attracted strong trading interest, reflecting investors’ positioning toward energy and commodity plays amid rising global resource prices and heightened geopolitical tensions.

At the same time, large-cap banking names including Bank Mandiri (Persero) Tbk, Bank Central Asia Tbk, Bank Rakyat Indonesia (Persero) Tbk, and Bank Negara Indonesia (Persero) Tbk also featured prominently among the most actively traded counters. The continued dominance of these banks underscores their role as liquidity anchors and core holdings for institutional investors, even as market participants selectively rotate into commodity-linked names to capture potential upside from the current macro and geopolitical backdrop.