JCI Tuesday Will Move Fluctuating, Five Aham Can be an Option

JAKARTA - The Composite Stock Price Index (JCI) is predicted to fluctuate in today's trading, Tuesday, March 31. Phintraco Sekuritas in its research said the index will move in the range of resistance 7,200, pivot 7,100, and support 7,000.

Phintraco Sekuritas explained that the JCI closed yesterday with a 0.07 percent decline to 7,091.67. Energy sector shares posted the largest gain (2.18 percent), as crude oil prices continued to rise due to the ongoing conflict in the Middle East.

Meanwhile, the financial sector's shares recorded the largest decline (1.17 percent), contributed by the weakening of BBCA shares due to entering the dividend ex date as well as the correction of other banking shares amid concerns about economic prospects.

"Technically, the formation of the MACD histogram tends to be sideways. Thus, today's JCI is predicted to move in the range of 7,000-7,200," wrote Phintraco Sekuritas.

Phintraco Sekuritas said the government is designing a budget efficiency scheme to WFH as a mitigation measure to minimize the impact of rising crude oil prices on the state budget and the economy.

The government has identified three sectors that are vulnerable to being affected, namely energy stability, global supply chains and overall economic growth. Some steps to reduce oil and gas imports are energy savings and strengthening the mandate of 50 percent biodiesel (B50).

Phintraco Sekuritas said the government plans to officially announce the policy taken tonight. The government's policy plan is an effort not to raise the price of subsidized fuel which will have a wide impact on inflation and an option so that there is no widening of the state budget deficit.

"However, for non-subsidized fuel, there is a potential for an increase when the monthly fuel price adjustment is announced on April 1, 2026," explained Phintraco Sekuritas.

According to Phintraco Securities, this condition has the potential to be a positive factor for the electric vehicle ecosystem in the medium to long term, including nickel and copper. Meanwhile, the Government has not provided certainty regarding the imposition of exit duties on coal exports, although it has been included in the assumptions of the 2026 State Budget.

"Meanwhile, the nickel derivative product export duty has received approval from President Prabowo, but it has also not been determined when it will be implemented," said Phintraco Sekuritas.

Phintraco Sekuritas recommends five stocks for today, namely BUMI, DEWA, MAPI, MBMA, and SMDR.