Negative Sentiment Still Haunted, JCI Tuesday Projected To Drop Again

Illustration. (Photo: Doc. Antara)

JAKARTA - The Composite Stock Price Index (JCI) is projected to weaken in today's trading, Tuesday, June 17, after yesterday ending in the red zone to the level of 7,117.59, aka down 0.68 percent.

Phintraco Sekuritas in his research assessed that technically, the Stochastic RSI and MACD indicators showed a tendency for further correction potential. JCI is also closed below MA200.

For Tuesday, Phintraco highlighted that tomorrow's IIHSG movement was influenced by the release of China's Industrial Production data in May 2025 which grew 5.8 percent YoY from 6.1 percent YoY in April 2025.

"This is the lowest level since November 2024 due to US import rates that burden demand from outside and domestic output," wrote Phintraco Sekuritas.

Meanwhile, retail sales data in May 2025 recorded growth of 6.4 percent YoY from 5.1 percent YoY in April 2025. This is the largest growth since December 2023.

"This is driven by strengthening spending during the holiday season of the Labor Day and Dragon Boat Festival, along with efforts by the government's stimulus," he added.

From the United States, the market will pay close attention to retail sales data in May 2025 which is expected to fall 0.7 percent MoM from the position in April 2025 which rose 0.1%.

The market will also look forward to the results of the monetary decision of the Bank of Japan on June 17, which is expected to maintain the benchmark interest rate at the level of 0.5 percent, explained Phintraco.

The stocks that deserve to be observed today include PT Vale Indonesia Tbk (INCO) and PT Saratoga Investama Sedaya Tbk (SRTG). In addition, shares of PT Pertamina Geothermal Tbk (PGEO), PT Astra Internasional Tbk (ASII), and PT Pantai Indah Kapuk Dua Tbk (PANI).