JAKARTA - The Composite Stock Price Index (JCI) is predicted to move sideways in today's trading, Monday, June 22, after last weekend closed up 0.08 percent to 6,177.1.
Phintraco Sekuritas in its research said that investor response to the MSCI 2026 Global Market Accessibility Review was quite positive. In the report, Indonesia is still in the Emerging Market category.
However, Indonesia still recorded negative assessments in the matter of transparency of share ownership and coordinated trading which interfere with the formation of fair market prices.
In addition, MSCI also noted the lack of information in English for foreign investors. Furthermore, MSCI will announce the Annual Market Classification Review on June 24, 2026.
Then, the rupiah weakened 0.06 percent at the level of Rp17,804 per US dollar along with the weakening of most Asian currencies due to the strengthening of the US dollar due to indications of the Fed's interest rate hike this year.
"Technically, the JCI is expected to still have the potential to move sideways in the range of 6,100-6,250," wrote Phintraco Sekuritas.
Meanwhile, BRI Danareksa Sekuritas gives recommendations for KAQI, MBMA, HMSP, MPIX, and ARKO shares for today's trading.
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