JCI Tuesday Waiting For The New Minister Of Finance's Tuah, Five Stocks Are Recommended

Illustration. (Photo: Doc. Antara)

JAKARTA - The Composite Stock Price Index (JCI) is projected to be corrected when the market awaits the new ministerial policy in today's trading, Tuesday, September 9. Phintraco Sekuritas in his research said the JCI today will move in the resistance range of 7,850, pivot 7,800, and support 7,630.

Phintraco Sekuritas explained that the JCI closed lower at the level of 7,766.85 (1.28 percent) in yesterday's trading. Previously, the index tended to move in positive territory, but along with news of a reshuffle of a number of Ministers, including the Minister of Finance, made the index turn down which was mainly due to pressure on banking stocks.

"This market reaction is due to concerns over the occurrence of uncertainty and changes in economic policy. Investors are expected to pay close attention to what policies new officials will take, whether they are in line with market expectations and have a positive impact on the economy," wrote Phintraco Sekuritas.

Technically, Phintraco Sekuritas said, several indicators indicate a continued weakening. JCI also dropped below the MA20 level at around 7842. So that in the short term it is estimated that the JCI has the potential to continue corrections and test support levels at 7,630-7,650.

"But the correction due to the reshuffle can only be a temporary panic, investors will pay close attention to the development and policies of the new minister," said Phintraco Sekuritas.

Phintraco Sekuritas explained that Indonesia's foreign exchange reserves in August 2025 fell to US$150.7 billion from US$152 billion in July 2025. Even though it fell to the lowest level in the last nine months, it was still at a solid level because it was still able to finance 6.3 months of imports or 6.1 months of imports and debt payments.

"The decline in foreign exchange reserves is due to foreign debt payments and efforts to stabilize the rupiah by BI amid global money market fluctuations," added Phintraco Sekuritas.

Meanwhile, Phintraco Sekuritas added, motorcycle sales in Indonesia grew 0.7 percent YoY in August 2025, improving from July 2025 which fell 2 percent YoY. This YoY increase is the first time in four months, along with the decline in the BI Rate.

Phintraco Sekuritas said the Wall Street index closed higher on Monday. Investors waited for PPI data on Wednesday 10 September, and CPI on 11 September. Strengthening in stocks in the tech sector pushed Nasdaq Composite closed at an all-time high (ATH) closing record.

Meanwhile, continued Phintraco Sekuritas, the index on the European stock exchange closed higher yesterday. US 10-year Bond Yield fell 4 bps to 4,044 percent, looking forward to inflation data. Meanwhile, spot gold prices rose 1.2 percent at the level of 3,632 US dollars per troy ounce, driven by expectations of lowering the Fed interest rate.

The stocks recommended by Phintraco Sekuritas are on this beautiful 9-9 date, namely HMSP, ASII, GGRM, BSDE and SIDO.