JCI End Of Week Testing Level 7,200, Five Stocks Recommended
JAKARTA - The Composite Stock Price Index (JCI) tested a psychological level of 7,200 in today's trading, Friday, June 13. Phintraco Sekuritas in its research estimates the JCI will move in the resistance range of 7,250, pivot 7,170, and support 7,130.
Phintraco Sekuritas explained that the JCI closed lower yesterday at the level of 7,204.37 (0.25 percent). The Consumer Confidence Index in May fell to the level of 117.5 from 121.7 in April 2025. This is the lowest consumer sentiment since September 2022.
"This figure reflects the weakening of purchasing power and the decline in the middle class, amid the widespread issue of layoffs and increasing economic risks," wrote Phintraco Sekuritas.
Technically, Phintraco Sekuritas said, Stochastic RSI is in the pivot area and MACD has not yet seen a golden cross but the red histogram is starting to shrink.
"Thus, the JCI today is prone to further corrections, testing the psychological levels of 7,200 to 7,170 pivots," added Phintraco Sekuritas.
From the United States (US), Phintraco Sekuritas said, the market anticipates the release of Michigan Consumer Sentiment Preliminary data in June 2025 (13/6) which is expected to rise to 53.5 out of 52.2 in May 2025.
From Germany, Phintraco Sekuritas added, the market anticipates the release of inflation data in May 2025 which is estimated to be stable at the level of 2.1% YoY. From Japan, the market anticipates the release of Industrial Production data in April 2025 which is expected to fall to 0.7 percent YoY from 1 percent YoY in March 2025.
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Meanwhile, from domestic, Phintraco Sekuritas emphasized, the market anticipates the release of Retail Sales data in April 2025 which is estimated to grow 2.1 percent YoY, lower than the realization of growth of 5.5 percent YoY in March 2025 in line with the normalization after Ramadan and Eid.
The stocks recommended by Phintraco Sekuritas today are SMGR, PTPP, ADHI, INTP, and CPIN.