JCI Is Projected To Weaken On Weekend, These Five Stocks Are Recommended By Analysts

Illustration. (Photo: Doc. Antara)

JAKARTA - The Composite Stock Price Index (JCI) is projected to weaken in today's trading, Friday, August 29, after yesterday dropping 0.2 percent to the level of 7,952.08. Phintraco Sekuritas in his research estimates that the JCI today will move at 8,020 resistance, 7950 pivot, and 7,800 support.

Technically, Phintraco Sekuritas explained, the formation of a negative histogram on MACD is still ongoing. In addition, the JCI formed a long upper shadow indicating a selling pressure.

"Thus, today's JCI is predicted to weaken towards support level 7,900," wrote Phintraco Sekuritas.

Phintraco Sekuritas added that the index on the Asian stock exchange is mixed, investors are watching the South Korean central bank's move to maintain the benchmark interest rate at the level of 2.5 percent for the second time in a row, according to market forecasts.

"Investors are also watching the impact of the US import rate of 50 percent on India," explained Phintraco Sekuritas.

Globally, Phintraco Sekuritas said, today investors are looking forward to Japan's Consumer Confidence in August 2025 which is expected to decline slightly at the level of 33.5 from 33.7 in July 2025 which also decreased from the previous month.

"Meanwhile, from the US, investors will pay close attention to the Core PCE Price index in July 2025 which is estimated to be stable at the level of 0.3% MoM," said Phintraco Sekuritas.

The stocks recommended by Phintraco Sekuritas today are BBTN, HRTA, ENRG, BBCA, and ASRI.