JAKARTA - The Composite Stock Price Index (JCI) today, Wednesday, May 28, is projected to weaken ahead of the long weekend, after yesterday's slight gain of 0.15 percent to the level of 7,198.97.
In his research, Phintraco Sekuritas assessed that the release of FOMC and PCE data was one of the sentiments of the JCI movement today.
PCE Prices Core is estimated to rise to 0.1 percent MoM in April 2024 from 0 percent MoM in March 2025. Meanwhile, from Europe, data on the unemployment rate in Germany will be released in May 2025 which is expected to remain at the level of 6.3 percent, as in the previous month, "explained Phintraco Sekuritas.
There is also sentiment from Asia that affects today's JCI movement, especially Japan, which will release this Consumer Confidence May 2025 data which is expected to rise to 31.8 out of 31.2 in April 2025.
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Technically, Phintraco Sekuritas assesses that although there will be further profit taking, the JCI is still able to survive above the MA200 level which is around the level of 7,137. With this, it is predicted that the JCI will move to consolidate at the level of 7,130 - 7,250.
The stocks chosen by Phintraco Sekuritas for this Wednesday are KLBF, MAPI, JPFA, ASSA, and ADRO.
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