JCI Potentially Weakening On Weekends, Five Shares Could Be Options

JAKARTA - The Composite Stock Price Index (JCI) is projected to weaken in today's trading, Friday, April 11. Phintraco Sekuritas in its research estimates the JCI will move in the resistance range of 6,500, pivot 6,250, and support 5,970.

Phintraco Sekuritas explained, the JCI closed part of the gap down formed due to the sell-off on April 8, 2025 through a rebound of 4.79 percent to 6,254 on Thursday. Unfortunately, the rebound has not even been able to close the first gap target at 6,270.

"This condition indicates there are still doubts or lack of confidence in market participants," wrote Phintraco Sekuritas.

Phintraco Sekuritas assessed that the above was based on the tendency towards the policy direction of the US President, Donald Trump, which was very dynamic coupled with the absence of concrete results between negotiations between the Indonesian Government and the US.

"Market participants are also concerned about the intensity of the trade war between the US and China this time which was considered more significant than the trade wars 1.0", explained Phintraco Sekuritas.

Until now, continued Phintraco Sekuritas, China has not opened up opportunities for tariff negotiations, although the US has provided several clusters of negotiations with China. This increases the risk for Indonesia, both in terms of decreasing export value to China, and the potential to 'flood' Chinese products in Indonesia.

Phintraco Sekuritas added that market participants are also observing the executions of a number of the latest policy plans related to efforts to increase the import value of US products.

The stocks recommended by Phintraco Sekuritas today are TLKM, UNVR, SCMA, JPFA and KLBF.