JCI Thursday Tests Level 5.750, See Stock Recommendations

JAKARTA - The Composite Stock Price Index (IHSG) has the opportunity to test the level of 5,750 on today's trading, Thursday, June 25, after yesterday closed 3.5 percent weaker to 5,883.8.

Phintraco Sekuritas in its research said that the results of the MSCI Annual Market Classification Review still maintain Indonesia in the Emerging Market class on Wednesday, June 24.

However, MSCI will still monitor the consistency and effectiveness of the implementation of the Indonesian capital market reforms that have been carried out by the exchange authorities.

If the review of the MSCI index in November 2026 has not made any significant changes, MSCI still has the opportunity to consider lowering Indonesia's class from Emerging Market to Frontier Market. This was responded negatively by investors, amid the lack of positive catalysts on the exchange.

Phintraco Sekuritas explained technically, the JCI breakdown level of 6,000 was accompanied by a positive MACD histogram that was thinning and the stochastic RSI indicator that experienced a Death Cross in the overbought area.

"So the JCI has the opportunity to test the level of 5,750 on Thursday (25/6/2026)," wrote Phintraco Sekuritas.

Meanwhile, MNC Sekuritas predicts that the JCI is prone to continuing its correction to test the 5,723-5,847 area range, then there is still an opportunity for the JCI to strengthen to the 6,548-6,782 range.

MNC Sekuritas recommends four stocks for trading today, namely BREN, INCO, MBMA, and BNBR.