JAKARTA - The Composite Stock Price Index (JCI) is projected to move consolidation in today's trading, Thursday, August 28, after yesterday's gain of 30.41 points or 0.38 percent to the level of 7,936.
The increase in the JCI yesterday occurred amid weakening the rupiah and external pressure, indicating that the domestic market still has resilience. Sectorally, the industrial sector leads the strengthening with a 2.34 percent jump, followed by the property sector and the raw goods sector, which rose 2.15 percent and 2.13 percent, respectively. Meanwhile, the technology sector weakened by 0.96 percent.
So, what about today's JCI projected movement? Technically, Equity Research Analyst Infovesta, Alrich Paskalis Tambolang, said that the JCI MACD indicator is experiencing a death cross, but the Stochastic RSI indicator has the potential for a golden cross in the pivot area.
"This condition opens a consolidated JCI space with support at 7,800 and resistance at 7,970," he explained.
Alrich assessed that there are a number of global sentiments that will affect the JCI's movement today. From Europe, the market will look forward to the Economic Sentiment Euro Area August 2025 data which is projected to slightly increase to 96 out of 95.8 in July.
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As for the US, investors will pay close attention to economic growth data for the second quarter of 2025 which is estimated at 3.1% on a quarterly basis (QoQ) from minus 0.5% QoQ in the previous quarter.
The stocks recommended by Alrich Paskalis Tambolang analysts today are PT Harum Energy Tbk (HRUM), PT Barito Pacific Tbk (BRPT), PT Archi Indonesia Tbk (ARCI), PT Aneka Tambang Tbk (ANTM), and PT Japfa Comfeed Indonesia Tbk (JPFA).
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