JAKARTA - The Composite Stock Price Index (JCI) is predicted to rebound in today's trading, Wednesday, April 1. Phintraco Sekuritas in its research said the JCI will move in the range of resistance 7,200, pivot 7,100, and support 7,000.
Phintraco Sekuritas explained that the JCI yesterday closed down 0.61 percent to 7,048.22. The transportation sector recorded the largest correction (4.6%), while the primary consumer goods sector recorded the largest strengthening (1.48%).
According to Phintraco Sekuritas, the JCI yesterday strengthened at the beginning of the session, but again experienced a correction which was allegedly because investors tended to realize profits in the short term amid high uncertainty.
Phintraco Sekuritas added that the rupiah closed down 0.23 percent at Rp17,041 per US dollar in the spot market yesterday. For this reason, Phintraco Sekuritas predicts the JCI today will rebound due to positive sentiment from expectations of de-escalation in the Middle East.
"It is estimated that today's JCI will test the resistance level at 7,100-7,200," wrote Phintraco Sekuritas.
Phintraco Sekuritas said the Minister of State Secretary stated that Pertamina would not increase subsidized and non-subsidized fuels, after previously circulating estimates of non-subsidized fuel price increases on April 1, 2026.
Meanwhile, Phintraco Sekuritas continued, the government officially announced the implementation of WFH for ASN at central and regional government agencies every Friday which is valid starting April 1, 2026. This policy will be reviewed in the next two months.
"The government is also accelerating the implementation of B50 to increase energy independence. In addition, there is a policy of budget efficiency in ministries/institutions with potential efficiencies of up to Rp. 121 trillion to Rp. 130 trillion," explained Phintraco Sekuritas.
Phintraco Sekuritas said investors are also looking forward to a number of domestic economic data to be released today, namely the March Manufacturing PMI index is expected to slow to 51.2 from 53.8, which is likely due to the religious holiday.
Meanwhile, the trade balance in February is estimated to record a surplus of 1.2 billion US dollars, up from 0.9 billion US dollars in January 2026. Meanwhile, March inflation is estimated to be 0.3 percent MoM and 4.9 percent YoY from 0.68 percent MoM and 4.76 percent YoY in February 2026.
Phintraco Sekuritas recommends five stocks that are predicted to bring money today, namely GJTL, EXCL, BKSL, AMRT and INCO.
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