JCI Wednesday Potentially Continues to Weaken, These Five Stocks Could be the Choice

Illustration. (Photo: Dok. Antara)

JAKARTA - The Composite Stock Price Index (JCI) has the potential to continue to weaken in today's trading, Wednesday, August 12. Phintraco Sekuritas in its research said that the index is expected to move in the range of resistance 6,300, pivot 6,250, and support 6,180.

Phintraco Sekuritas said that the JCI yesterday closed down 1.53 percent to 6,267.88. Technically, Phintraco Sekuritas explained that there was a narrowing of the positive MACD histogram accompanied by a Stochastic RSI that was weakening in the pivot area. The JCI closed below the MA10 level, but still remained above the MA20.

"It is estimated that today's JCI will test the support level at 6,180-6,200," wrote Phintraco Sekuritas.

From the domestic market, Phintraco Sekuritas said that Indonesia's retail sales data fell 3 percent YoY in June 2026, after falling 3.9 percent YoY in May 2026. This slowing decline reflects the initial impact of the government's stimulus measures aimed at encouraging people's purchasing power from rising cost pressures.

On a monthly basis, retail sales increased 0.7 percent MoM, which was the first increase in the last three months. The upper middle class is expected to still be a mainstay of retail sales.

Phintraco Sekuritas said car sales in Indonesia increased 33.3 percent YoY to the highest level in the last five months at 81,115 units in July 2026, after increasing 32.9 percent YoY in June 2026.

Phintraco Sekuritas said this increase in sales was also contributed by the holding of the Gaikindo Indonesia International Auto Show (GIIAS) 2026.

"So car sales grew 18.3 percent YoY to 437,500 units in the January-July 2026 period," said Phintraco Sekuritas.

Phintraco Sekuritas recommends five stocks for trading today, namely MEDC, TKIM, ULTJ, CUAN, and BUKA.