JAKARTA - The Composite Stock Price Index (JCI) is projected to strengthen back in today's trading, Thursday, June 12, after yesterday's decline of 0.11 percent or 8.28 points to the level of 7,222.45.
Phintraco Sekuritas in his research said that the weakening of the JCI due to profit taking after a significant increase in the previous day. In addition, the existence of ex-date dividends of PT Telkom Indonesia Tbk (TLKM) which distributed large dividends also contributed to the JCI correction.
Then, Indonesia's motorcycle sales data in May 2025 fell 0.1 percent YoY, from an increase of 3 percent YoY in April 2025. However, when compared to the previous month, sales in May 2025 grew 24.3 percent MoM, from a 24.9 percent decline in MoM in April 2025.
Technically, the JCI was able to survive above the MA200 level of around 7,132. The MACD indicator still has the opportunity to experience a golden cross.
"However, the volume histogram shows selling pressure, so it is estimated that the JCI will move sideways in the range of 7,170-7,270 levels," explained Phintraco Sekuritas.
For trading this Thursday, Phintraco Sekurotas projects that there will be a number of sentiments that will affect the JCI rate. From the United States, data on the US Producer Price Index (PPI) in May 2025 will be released, which is estimated at 0.2 percent MoM from the 0.% MoM deficit in April 2025.
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Meanwhile, from the UK, data on Gross Domestic Product (GDP) will be released in April 2025 which is estimated to be -0.1 percent MoM from 0.2 percent MoM in March 2025.
Domestically, consumer confidence data will be released in May 2025, which is estimated to rise to a level of 122.2 from 121.7 in April 2025.
Meanwhile, Phintraco Sekuritas provides a number of stock recommendations that can be observed today, namely BRIS, PWON, MDKA, SMDR, and TOWR.
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