JAKARTA. The Composite Stock Price Index (JCI) closed up 37.19 points or 0.48 percent to 7,798.15 at the end of trading yesterday, Thursday 12 September. Phintraco Sekuritas in his research projects the JCI has the potential to return to the 7.850 resistance test today, Friday, September 13.

From a global perspective, the market is looking forward to the release of the Michigan Consumer Expectation data in September 2024 which is expected to decline to 71 from 72.1 in August 2024.

"The data is believed to affect the market's view of the United States' economic conditions in the second semester of 2024," explained Phintraco Sekuritas.

In addition, the market is also looking forward to the release of industrial production data in July 2024 at the Euro Area which is scheduled to be released on Friday. The market estimates that the data has improved even though it is still in the negative zone to -2.7 percent year on year (yoy) from -3.9 percent yoy in June 2024.

From a regional perspective, the market is looking forward to releasing industrial production data in July 2024 in Japan which is scheduled to be released on Friday.

The data is believed to provide an overview for market players regarding production activities in the manufacturing, mining and utility sectors in Japan in July 2024 as an important clue in estimating Japan's economic growth in the remainder of the second half of this year.

The selected stocks from Phintraco Sekuritas for this Friday include PT Aneka Tambang Tbk (ANTM), PT Harum Energy Tbk (HRUM), PT Merdeka Battery Materials Tbk (MBMA), PT Jasa Marga Tbk (JSMR), PT Timah Tbk (TINS) and PT Charoen Pokphand Indonesia Tbk (CPIN).


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