JCI Monday Has The Opportunity To Continue Strengthening, These Are The Stocks Recommended By Analysts

Illustration. (Photo: Doc. Antara)

JAKARTA - The Composite Stock Price Index (JCI) has the opportunity to continue its strengthening in today's trading, Art, April 28, after rising 0.99 percent to 6,686 at the end of last week, Friday, April 25.

Phintraco Sekuritas in his research said, technically the JCI is still stuck in the 6,700 pivot area. However, the Stochastic RSI indicator shows a low movement in the overbought area, indicating that space for strengthening is still open.

"We estimate the JCI can still test 6,700 on Monday," wrote Phintraco Sekuritas.

From the domestic side, market participants will pay close attention to the release of Indonesia's inflation data which is scheduled for the weekend, May 2, 2025 to be exact. The market consensus estimates April inflation will increase to 1.2 percent year on year (YoY), increasing from the level of 1.03 percent in March 2025.

Meanwhile, core inflation is expected to increase more limited to 2.5 percent in April. This increase is in line with the Eid al-Fitr period in early April," Valdy said.

Meanwhile, from external means, global investors will focus on releasing US economic data, namely the Advance GDP Growth Rate for the first quarter of 2025 and the Personal Consumption Expenditures (PCE) price index for March.

Both data are scheduled to be released on Wednesday, April 30. The provisional projection shows US economic growth has the potential to slow down significantly to 0.4 percent on a quarterly basis (quarter on quarter/QoQ) from 2.4 percent in the previous quarter.

The slowdown was partly due to the volatile impact of the tariff policy again tightened under US President Donald Trump's administration.

According to Phintraco Sekutitas, a number of interesting stocks were observed by market players earlier this week, including INTP, WIFI, JPFA, MAPI, HRTA, and MIDI.