JAKARTA - The Composite Stock Price Index (JCI) is predicted to weaken in today's trading, Friday, May 23, after yesterday's gain of 0.67 percent to the level of 7,142.46.
Phintraco Sekuritas, in his research assessed that technically, the JCI was able to survive above the 200-day moving average line (MA200) but the MACD histogram tends to move sideways.
For this Friday, Phintraco Sekuritas predicts the market will anticipate the release of New Home Sales data in April 2025 which is expected to fall to 4.7 percent MoM from previously up 7.4 percent MoM in March 2025. This condition indicates that demand in the new housing sector has weakened.
While from the European region, the market anticipates the release of retail sales data in April 2025 in the UK which is estimated to grow 4.5% YoY from 2.6% YoY in March 2025, indicating that domestic consumption tends to increase," explained Phintraco Sekuritas.
From the region, Phintraco highlighted the anticipation of the release of the April 2025 Inflation Rate data in Japan, which is estimated to have increased slightly to the level of 3.7 percent YoY from 3.6 percent YoY in March 2025, indicating that inflation in Japan is relatively well maintained.
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"Meanwhile from domestic, the market is looking forward to releasing M2 Money Supply data in April 2025 as a reference for measuring the liquidity of the money in circulation," he added.
The stocks that can be observed for trading today include PT Indika Energy Tbk (INDY) and PT Bumi Resources Minerals Tbk (BRMS), PT Unilever Indonesia Tbk (UNVR), PT Industri Jamu and Farmasi Sido Muncul Tbk (SIDO), and PT Hanjaya Mandala Sampoerna Tbk (HMSP).
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