JAKARTA - The Composite Stock Price Index (JCI) is projected to continue to correct and test the level of 6,800-6,850 in today's trading, Thursday, July 3. Phintraco Sekuritas in his research said the JCI today will move in the resistance range of 6,950, pivot 6,900, and support 6,800.
Phintraco Sekuritas said the JCI closed down 0.49 percent to the level of 6,881.25 on Wednesday. Realization of the 2025 State Budget until the first semester of 2025 which was below the target, assuming a slowdown in economic growth in the 2026 RAPBN, uncertainty around import rates, and technical factors are several factors that encourage the weakening of the JCI.
"In addition, the large number of IPO offers at the same time also encourages investors to temporarily transfer their funds to the primary market," wrote Phintraco Sekuritas.
Technically, the Stochastic RSI and MACD indicators indicate a potential continued weakening and reduced short-term buying momentum. The selling volume pressure is also increasing. JCI today is back at the band's lower.
"Thus, the JCI is predicted to continue testing the level of 6,800-6,850 today," added Phintraco Sekuritas.
BACA JUGA:
From the United States (US), the market anticipates the release of Non Farm Payrolls data in June 2025 which is expected to fall to 110 thousand from 139 thousand in May 2025. This indicates that the US labor market has the potential to start experiencing a slowdown.
In line with the estimated NFP data, the Unemployment Rate data in June 2025 is expected to increase to a level of 4.3 percent from 4.2 percent in May 2025.
"PMI ISM Service Index in June 2025 is expected to rise at the level of 50.5 from 49.9 in May 2025," added Phintraco Sekuritas.
The stocks recommended by Phintraco Sekuritas today are MAPI, ASII, HMSP, AMRT and BSDE.
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