JAKARTA - The Composite Stock Price Index (JCI) has the opportunity to strengthen in today's trading, Thursday, July 2. after yesterday rose slightly by 0.92 percent to the level of 5,695.12.
Energy sector shares posted the largest gain (2.61 percent), while the transportation sector experienced the largest weakness (0.91 percent).
The index closed in a positive area, although at the beginning of trading it moved sideways ahead of the release of a number of domestic economic data that tended to worsen compared to estimates.
The S&P Global Manufacturing PMI index fell to 46.9 in June 2026 from 50 in May 2026. Meanwhile, inflation data increased to 3.34 percent in June 2026 from 3.08 percent YoY in May 2026, and above the forecast of 3.2 percent YoY.
The trade balance unexpectedly recorded a deficit of 1.61 billion US dollars in May 2026, which was the first deficit since April 2020. The rupiah closed down 0.25 percent at Rp17,952 per US dollar, along with the weakening of most other Asian currencies.
"Technically, the JCI shows that the Stochastic RSI is approaching the oversold area but the MACD has the potential to experience a Death Cross. So it is estimated that the JCI has the opportunity to consolidate in the range of 5,600-5,800," wrote Phintraco Sekuritas in its research.
Meanwhile, MNC Securities estimates that the JCI is still vulnerable to corrections testing 5,472-5,540 on today's trading.
MNC Securities recommends four stocks for today, namely ANTM, BIPI, BRPT and PGAS.
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