JAKARTA - The Composite Stock Price Index (JCI) is projected to weaken in today's trading, Tuesday, May 27, after yesterday ending in the red zone, or down 0.36 percent to the level of 7,188.35.
In his research, Phintraco Sekuritas assessed that today's index movement will be corrected because ahead of the long weekend, many investors are allegedly starting to realize profits.
Even though he had fluctuated, the JCI closed lower today. Technically, the stochastic indicator has shown overbought and potential reversal, "explained Phintraco Sekuritas.
For Tuesday, sentiment came from the United States, where the market will look forward to the release of Durable Goods Orders data in April 2025 which is expected to fall 7.9 percent MoM from March 2025 which rose 7.5 percent YoY and US Consumer Confidence data in May 2025 which is expected to rise at 87.2 level from 86 in April 2025.
Meanwhile, from Germany, the market will pay close attention to GfK Consumer Confidence data from Germany in June which is expected to improve slightly to -19 from -20.6 in May 2025. This is in line with improving income expectations, after last May the index reached its highest level since November 2024," explained Phintraco Sekuritas.
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Phintraco predicts the JCI has the potential to move at the level of 7,100 - 7,230 in trading this Tuesday.
The stocks that can be observed today include PT Adhi Karya Tbk (ADHI) and PT Indika Energy Tbk (INDY), PT Indofood CBP Sukses Makmur Tbk (ICBP), PT Telkom Indonesia Tbk (TLKM), and PT Bank Mandiri Tbk (BMRI).
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