JCI Monday is Predicted to Continue to Strengthen, Four Stocks Worth Watching
JAKARTA - The Composite Stock Price Index (JCI) is predicted to continue strengthening in today's trading, Monday, August 3, after last weekend closed up 0.8 percent to 6,236.1.
The JCI managed to strengthen 10.5 percent MoM in July 2026, after six consecutive months the JCI recorded negative monthly returns.
The majority of indexes on Asian exchanges also closed higher, although geopolitical tensions in the Middle East heated up again after Iran attacked US assets and military bases in Kuwait and Bahrain.
Crude oil prices corrected more than 1 percent. The rupiah closed up 0.49 percent at Rp18,022 per US dollar in the spot market, in line with the weakening of the US dollar.
Phintraco Sekuritas in its research explained that this week domestic economic data to be released include the manufacturing PMI index, trade balance and inflation, Monday, August; GDP for the second quarter of 2026 Wednesday, August 5; and foreign exchange reserves and property price index, Friday, August 7.
"Technically, the JCI is expected to continue strengthening by testing the level of 6,300-6,380 this week," wrote Phintraco Sekuritas.
Meanwhile, MNC Sekuritas estimates that the JCI has the opportunity to continue strengthening with a target of 6,352-6,545. Watch for the potential for a reversal of direction in the short term to the range of 6,108-6,187.
MNC Sekuritas recommends four stocks for trading today, namely BRMS, ENRG, MBMA, and PSAB.