JAKARTA - The Composite Stock Price Index (JCI) has the potential to continue strengthening in today's trading, Tuesday, August 12, after yesterday's increase of 0.96 percent to the level of 7,605.92.
Phintraco Sekuritas in his research explained that the driving factor for strengthening the JCI was the strengthening of the global stock exchange index amid expectations of lowering the interest rate of the United States central bank, The Fed in September.
"Even so, the market is still waiting for an official announcement whether the US-Chingkok tariff delay will be extended from the August 12, 2025 deadline," explained Phintraco Sekuritas.
In addition, the market is also still in the euphoria of the inclusion of several domestic stocks into the Morgan Stanley Capital Index (MSCI) in the Global Standard and Small Cap categories.
On Thursday 7 August, MSCI officially announced the results of a periodic review (index review) for the period August 2025 and included PT Dian Swastatica Sentosa Tbk (DSSA) and PT Petrindo Jaya Kreasi Tbk (CUAN) shares in the Global Standard Index.
Not only that, said Alrich, the strengthening of iHSG was also influenced by domestic retail sales data in June 2025 which recorded a growth of 1.3 percent on an annual basis (YoY), slowing down from 1.9 percent YoY in May 2025.
Technically, the Stochastic RSI indicator formed a golden cross in the oversold area. In addition, there was a narrowing of the distance between the MACD line and the signal line. JCI also has the potential to continue strengthening testing the level of 7,680 in trading this Tuesday.
From external, the JCI movement will be marked by investor waiting for data on the unemployment rate in the UK in June 2025 which is estimated to be stable in the range of 4.7 percent.
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Investors are also looking forward to CPI inflation data from the US in July which is expected to rise to 2.8 percent YoY from 2.7 percent in June 2025.
"For core inflation, it is estimated to rise to 3 percent from 2.9 percent in June 2025. The trend of US inflation has tended to increase since June 2025 and has moved away from the Fed target level of 2 percent and is estimated to have the potential to be a negative factor amid the market waiting for a decline in the Fed interest rate," explained Phintraco Sekuritas.
The stocks recommended by Phintraco Sekuritas today are PT Semen Indonesia Tbk (SMGR), PT Pantai Indah Kapuk Dua Tbk (PANI), PT Sarana Menara Nusantara Tbk (TOWR), PT Solusi Sinergi Digital Tbk (WIFI), and PT PP London Sumatra Indonesia Tbk (LSIP).
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