This Is JCI Sentiment At The Beginning Of The Week, Five Stocks Are Recommended

Illustration. (Photo: Doc. Antara)

JAKARTA - The Composite Stock Price Index (JCI) weakened 0.40 percent to the level of 7,858 on Friday, August 22. JCI has corrected 0.50 percent last week.

So, what about the JCI projection earlier this week?

Phintraco Sekuritas in his research assessed that the BI M2 circulating money data in July 2025 could be a catalyst for the JCI movement this week. It was recorded that M2's outstanding money grew 6.5 percent year on year (YoY) to Rp9,569.7 trillion.

"The increase in the amount of money in circulation, among others, is allegedly due to increased economic activity and rising inflation," explained Phintraco Sekuritas.

Technically, there is a narrowing of the MACD line slope and a signal line as well as the potential for a death cross. The RSI Stochastic indicator is also still showing weakening, accompanied by an increase in selling volume.

However, the JCI is still able to survive above support of 7,850 so it is estimated that it will test the level of 7,800 if the breakdown is from the level of 7,850 in trading this Monday, August 25.

The stocks recommended by Phintraco Sekuritas this week are PT Trimegah Bangun Persada Tbk (NCKL), PT Astra Otoparts Tbk (AUTO), PT TBS Energi Utama Tbk (TOBA), PT Medco Energi Internasional Tbk (MEDC), and PT Perusahaan Gas Negara Tbk (PGAS).