JCI Tuesday Projected To Continue Correcting, Five Stocks Recommended

Illustration. (Photo: Doc. Antara)

JAKARTA - The Composite Stock Price Index (JCI) is projected to be corrected again in today's trading, Tuesday, August 5, after closing down 73.12 points or 0.97 percent to 7,464.64.

Phintraco Sekuritas in his research saw yesterday's index corrections, among others, driven by profit-taking after experiencing a strengthening in trading on Friday week earlier. This is happening amid the increasing global uncertainty due to the weakening tariffs and labor data of the United States.

Some reports of domestic issuers' declining financial performance are also negative factors, explained Phintraco Sekuritas.

The JCI, according to Phintraco Sekuritas, is projected to continue its corrections by testing support levels of 7,400 and resistance of 7,470 in trading this Tuesday.

The sentiment will be influenced by the decision of the Japanese central bank or the Bank of Japan which maintains interest rates at the level of 0.5%. This figure is the highest level since 2008.

BoJ also revised the increase in inflation projections from 2.2 percent YoY to 2.7 percent YoY for 2025. The projected economic growth in 2025 was also increased from 0.5 percent to 0.6 percent.

Meanwhile, Japan's consumer confidence index in July dropped to 33.7 from 34.5% in June 2025. Meanwhile, China's NBS Manufacturing in July 2025 fell slightly to 49.3 from 49.7.

From domestic sentiment, said Audi, investors are looking forward to releasing Indonesia's gross domestic product (GDP) growth data for the first semester of 2025, which is estimated to grow 4.8 percent YoY, missing the target of 5 percent YoY.

"We think this can be proof that purchasing power weakens in line with the largest composition of GDP from household consumption, so that direct incentive policies are needed to maintain consumption," added Phintraco Sekuritas.

The stocks recommended by Phintraco Sekuritas today are PT Pantai Indah Kapuk Dua Tbk (PANI), PT Mitra Adiperkasa Tbk (MAPI), and PT Map Aktif Adiperkasa Tbk (MAPA), PT Sumber Alfaria Trijaya Tbk (AMRT) and PT Indocement Tunggal Prakasa Tbk (INTP).