JCI Friday Projected to Move in the Range of 5,850-6,100, Watch the Stock Recommendations

JAKARTA - The Composite Stock Price Index (JCI) is predicted to move sideways in today's trading, Friday, June 26, after yesterday closed up 1.96 percent to 5,999.

Phintraco Sekuritas in its research said that the continued correction in crude oil prices approaching the level of 70 US dollars per barrel for Brent oil, Thursday, June 25, is one of the positive factors, because the oil price level is close to the oil price assumption in the 2026 State Budget.

Thus, reducing the pressure on the widening of the 2026 state budget deficit, which has been one of the concerns of investors. The decline in oil prices is also expected to dampen the inflation rate further, so that people's purchasing power can be maintained.

The news that the government is considering additional cuts of Rp50 trillion for the MBG Program was also positively responded by investors.

The rupiah also closed up 0.05 percent to 17,943 rupiah per US dollar, in line with the strengthening of currencies in Asia due to the correction of the US dollar due to falling oil prices that reduced concerns about higher Fed interest rate hikes.

"It is estimated that the JCI will move sideways in the range of 5,850-6,100 in this Friday's trade," wrote Phintraco Sekuritas.

Meanwhile, MNC Sekuritas predicts the JCI is prone to continue its correction to test the 5,723-5,847 area range. The strengthening of the JCI in the short term is expected to test 6,060-6,120.

MNC Sekuritas recommends four stocks for trading today, namely MAPA, MEDC, UNTR, and UNVR.