JCI Wednesday Projected To Move In The Range Of 6,800-6,950

Illustration. (Photo: Doc. Antara)

JAKARTA - The Composite Stock Price Index (JCI) is projected to move in the range of 6,800-6,950 today, Wednesday, May 14.

Phintraco Sekuritas in his research explained that the JCI on Friday last weekend closed nearly 0.07 percent at the level of 6,832, after moving in negative territory. The existence of the US-China trade agreement has the potential to be a positive factor for the JCI movement today.

"However, technically overbought conditions have the potential to burden the JCI increase today further. So that today's JCI is expected to move in the range of 6,800-6950," wrote Phintraco Sekuritas.

The Indonesian Consumer Confidence Index in April 2025 slightly rose in 121.7 from the previous month's 121.1. This is the first increase after the January-March 2025 decline. However, for the Consumer Expectation Index (IEK), which shows consumer expectations in the next six months, it will decrease due to the decline in job expectations and business activities.

Phintraco Sekuritas added that the reduction in US-China tariffs eased concerns about the global economic recession, but the market was looking forward to whether a permanent deal would be reached before 90 days. The market is also looking forward to the US-Indonesia deal.

"The continued gold price collection has the potential to encourage continued profit-taking on gold producer stocks," added Phintraco Sekuritas.

The stocks recommended by Phintraco Sekuritas today are BBRI, SMRA, JSMR, ACES and TKIM.