JCI Wednesday Potentially Pressured after Long Holiday, Check Its Stock Recommendations

JAKARTA - The composite stock price index (JCI) has the potential to move under pressure in trading, today, Wednesday, March 25, after closing up 1.2 percent to 7,106 before the long Idulfitri 2026 holiday.

"We project the JCI still has the potential to move under pressure with a support range of 6,950-7,000 and resistance at 7,135-7,200," wrote BRI Danareksa Sekuritas in its research.

After a long holiday, the JCI is expected to still face pressure as geopolitical uncertainty has not subsided; although there is a ceasefire and delay in the attack on Iran's energy center by the US for five days, it has been denied by Iran.

The risk-off condition is still dominant, reflected by the volatility of commodity prices such as gold, oil, and natural gas, as well as the weakening of regional stock exchanges, especially in the Asian region.

Then, yesterday's trading, the index on the Wall Street exchange closed weaker. The Dow Jones Industrial Average closed 0.18 percent lower to 46,124.06. The S&P 500 Index closed 0.37 percent lower to 6,556.3 and the Nasdaq closed 0.84 percent lower to 21,761.9.

BRI Danareksa Sekuritas gives recommendations for ITMG, PGAS, and FORE stocks for today's trading.