JAKARTA - The Composite Stock Price Index (JCI) will fluctuate in today's trading, Wednesday, June 18. Phintraco Sekuritas in its research estimates that the JCI will move in the resistance range of 7,200, pivot 7,150, and support 7,100 today.
Phintraco Sekuritas explained that the JCI closed higher at the level of 7,155.85 (0.54 percent) in trading last Tuesday. The market responded positively to the news of Danantara's cooperation with INA and TPIA to build a chlor-alkali dichloride factory.
In addition, Danantara will support the financing of the 3 Million House Program by disbursing Rp130 trillion with five banks stating that they are ready to support the program, namely BMRI, BBRI, BBNI, BBTN and BRIS.
News of the state budget deficit in May amounting to IDR 21 trillion (0.09% to GDP), does not really affect index movements.
Technically, the Stochastic RSI indicator is already in the oversold area. JCI is also able to survive above the MA200 level. However, the development of external geopolitical issues still overshadows the JCI today.
"Thus, the JCI today is estimated to fluctuate at 7,100-7,200," wrote Phintraco Sekuritas.
From the United States (US), data on Building Permits Preliminary in May 2025 will be released today, which is estimated to be 1.43 million from 1.422 million in April 2025. For the Housing Starts May 2025 data, it is estimated that it tends to stagnate at 1.36 million.
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Meanwhile, from the UK, data on inflation in May 2025 will be released which is expected to fall to 3.4 percent YoY from 3.5 percent YoY in April 2025.
"From domestic, the market will look forward to Bank Indonesia's RDG today which is expected to keep the BI Rate at the level of 5.5 percent," explained Phintraco Sekuritas.
The stocks recommended by Phintraco Sekuritas today are ACES, BUKA, BBTN, CTRA and MDKA.
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