JCI Wednesday Continues Correction, Here Are Various Sentiments
JAKARTA - The Composite Stock Price Index (JCI) has the opportunity to continue its weakening in today's trading, Wednesday, August 20, after parking in the red zone yesterday, weakening 0.45 percent to the level of 7,862.
In his research, Phintraco Sekuritas said that yesterday the stock in the infrastructure sector experienced the largest correction, namely 0.54 percent, while the industrial sector posted the largest strengthening reaching 1.85 percent so as to hold the JCI down more deeply.
Technically, the Stochastic RSI indicator has a death cross in the overbought area. Meanwhile, the MACD indicator began to show a positive histrogram decline.
Volume jual juga masih medominasi, meskipun tidak sebesar perdagangan hari sebelumnya sehingga diperkirakan IHSG masih berpotensi melanjutkan koreksi menguji level support 7,800 dan sekaligus menutup gap down, jelas Phintraco Sekuritas.
The sentiment that will affect it is the market waiting for the release of the Bank Indonesia benchmark interest rate decision which he estimates remains at the level of 5.25 percent.
However, BI is estimated to still have the opportunity to lower interest rates this year, if the inflation rate is still under control within the BI target range of 1.5-3.5 percent.
Meanwhile, inflation from May to July 2025 consecutively increased to 2.37 percent on an annual basis (year on year / YoY) in July 2025. This is the highest inflation since June 2024, but it is still within the BI target range.
From a global perspective, investors will anticipate the monetary decision of China's central bank which is expected to again maintain the Loan Prime Rate 1 year at the level of 3 percent and 5 years at the level of 3.5 percent.
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"The delay in interest rates at this low level is allegedly an effort to encourage China's economic growth amid the threat of tariff wars, weakening purchasing power, and encouraging the recovery of the property sector," explained Phintraco Sekuritas.
From the UK, investors are also looking forward to releasing inflation data in July 2025 which is expected to rise to 3.7 percent YoY from 3.6 percent YoY in June and is the highest level since January 2024.
For these sentiments, the stocks recommended by Phintarco Sekuritas include PT Charoen Pokphand Indonesia Tbk (CPIN), PT PP London Sumatra Indonesia Tbk (LSIP), PT Triputra Agro Persada Tbk (TAPG), PT Merdeka Copper Gold Tbk (MDKA), PT Bumi Resources Minerals Tbk (BRMS), and PT Petrosea Tbk (PTRO).