JCI Heading Towards 8,000 Ahead Of Indonesia's 80th Anniversary, Here are Recommended Stocks

JAKARTA - The Jakarta Composite Index (JCI) is projected to continue climbing ahead of the 80th Indonesian Independence Day, after strengthening 0.49 percent to 7,931 on Thursday, August 14th. This was the JCI's all-time high (ATH) closing level.

Phintraco Sekuritas, in its research, stated that technology sector stocks still recorded the largest gains, up 3.84 percent. Meanwhile, infrastructure stocks experienced the deepest correction, falling 0.44 percent.

Investors remain enthusiastic about the potential for a Fed interest rate cut, especially since the JCI briefly broke its all-time high.

"However, short-term profit-taking is starting to occur ahead of the long weekend," explained Phintraco Sekuritas.

Technically, according to Phintraco Sekuritas, the JCI opened with a gap and recorded a new record high. The MACD and stochastic RSI indicators still indicate potential for further upside.

Buying volume has also increased, although there are signs of distribution. Therefore, the JCI has the potential to reach the psychological level of 8,000 on Friday, August 15th, the last trading session before the 80th Indonesian Independence Day celebrations on Sunday, August 17th.

Investors will also be closely monitoring several economic data from China, such as industrial production data for July 2025, which is expected to slow to 5.9 percent year-on-year (YoY) from 6.8 percent YoY in June.

Retail sales data from China for July is also predicted to slow to 4.6 percent YoY from 4.8 percent YoY in June, the lowest level since February of this year.

Phintraco Sekuritas recommends PT Rukun Raharja Tbk (RAJA), PT Solusi Sinergi Digital Tbk (WIFI), PT Mayora Indah Tbk (MYOR), PT Hartadinata Abadi Tbk (HRTA), and PT Malindo Feedmill Tbk (MAIN).