JAKARTA - The Composite Stock Price Index (JCI) is predicted to move sideways in today's trading, Tuesday, April 28, after yesterday closed down 0.32 percent to 7,106.5.
Phintraco Sekuritas in its research said that the JCI on Monday had moved in a positive territory almost throughout the trade, but then the JCI weakened before closing. Energy sector shares experienced the largest correction of 1.21%, while the raw materials sector posted the largest strengthening of 1.48%.
"Technically, the Indonesian Stock Exchange MACD has formed a Death Cross and Stochastic RSI is in the pivot area towards the oversold direction. It is estimated that the Indonesian Stock Exchange will move sideways in the range of 7,000-7,250," wrote Phintraco Securities.
The Minister of Finance (Menkeu) of the Republic of Indonesia, Purbaya, said that he would provide incentives to the Indonesian capital market if the programs carried out by the exchange authority went well.
Minister of Finance Purbaya said that he would consider whether the incentive might be in the form of tax reduction. OJK hopes that the incentive can be given in the form of fiscal stimulus.
Meanwhile, data on foreign direct investment (FDI) to Indonesia, outside the financial and oil and gas sectors, grew 8.5 percent YoY to Rp250 trillion in the first quarter of 2026. This increase marks two consecutive quarters of growth, after increasing 4.3 percent YoY in the fourth quarter of 2025. The largest inflow of investment comes mainly from the basic metal industry sector (3.7 billion US dollars).
The majority of indices on the Asian stock exchange also moved higher on Monday, April 27. Investors ignored the absence of diplomatic negotiations between the US and Iran at the end of last week and the high level of crude oil prices.
Despite still being overshadowed by uncertainty, Iran has offered the US a new proposal to reopen the Strait of Hormuz and end the war, as well as suggesting that talks on the nuclear issue be postponed. The Nikkei 225 and Kospi indexes closed at record highs.
Meanwhile, data on industrial profits in China increased 15.5 percent YoY in March 2026, improving from the 15.2 percent growth from February 2026. Investors will look forward to the results of the Bank of Japan meeting this Tuesday, which is expected to still maintain the benchmark interest rate at 0.75 percent.
Phintraco Sekuritas recommends five stocks for today, namely AMMN, AADI, MEDC, ARCI and GGRM.
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