Even Though There Are Many Global Sentiments, The JCI At The Beginning Of The Week Is Projected To Continue Strengthening

Illustration. (Photo: Doc. Antara)

JAKARTA - The Composite Stock Price Index (JCI) is projected to continue strengthening in today's trading, Monday, July 14, after closing up 42.06 points last weekend or 0.60 percent to the level of 7,047.43.

Phintraco Sekuritas in his research revealed that the strengthening of the JCI in previous trade was driven, among other things, by a follow-up rebound in big banks ahead of the Meeting of the Board of Governors of Bank Indonesia next week, which has the potential to lower interest rates by 25 bps to 5.25 percent.

Technically, the MACD indicator forms a golden cross with a histogram in the positive area and it is indicated that Bolinger Bands are starting to narrow. However, the Stochastic RSI indicator is approaching the overbought area.

"However, it is estimated that the JCI has the potential to continue strengthening testing the MA200 level at 7,085 on Monday next week," wrote Phintraco Sekuritas.

A number of global sentiment are expected to affect the JCI movement in trading this Monday. One of them comes from British economic data, where economic growth in May 2025 recorded a contraction of 0.1 percent on a monthly basis (MoM), after previously contracting 0.3 percent of the MoM in April 2025.

This consecutive two-month contraction raises concerns that British economic growth in the second quarter of 2025 will also record a decline. As a result, the pound sterling was depressed against the US dollar in trading July 11.

"The weakening of the UK economy increases the potential for a reduction in the benchmark interest rate of the Bank of England in August," explained Phintraco Sekuritas.

On the other hand, the global market is also overshadowed by negative sentiment from US President Donald Trump's statement announcing an import rate of 35 percent for Canada and 50 percent for copper products. This protectionist move sparked fears of a global economic slowdown, so that the stock index on the European exchange opened lower on July 11.

Trump also hinted at plans to impose additional rates on the European Union, which also suppressed the movement of the Dow Jones Futures index on the same day.

The stocks selected by Phintraco Sekuritas for trading this Monday include ASSA, ARTO, INKP, PTBA, BBYB, and ELSA.