JAKARTA - The Composite Stock Price Index (JCI) is prone to correction this week. Phintraco Sekuritas in its research said that the JCI will move in the range of resistance 8,800, pivot 8,700, and support 8,600.
Phintraco Sekuritas explained that Wall Street stock indices closed mixed in the first trading of 2026. The strengthening was driven by an increase in chip manufacturers' shares, but the weakening of technology sector shares outside chips weighed on the index.
Meanwhile, Phintraco Sekuritas said that the United States (US) attacked Venezuela and arrested the President of Venezuela along with his wife to be prosecuted in New York on charges of terrorism and drugs.
"Trump stated that the US would control Venezuela until a power transition occurred and stated that US companies would enter Venezuela to improve the country's oil structure," wrote Phintraco Sekuritas.
Phintraco Sekuritas added that the escalation of global political tensions due to the US attack on Venezuela would be the focus of investors' attention this week. The conflict is feared to make investors avoid risky assets and switch to safer investment instruments such as the US Dollar and gold.
"Investors will also pay attention to a number of economic data from the US, such as labor data, manufacturing and Michigan consumer confidence," added Phintraco Securities.
According to Phintraco Sekuritas, the JCI this week has the potential to be impacted by negative sentiment if there is selling pressure from foreign investors. However, if there is an increase in crude oil and gold prices, it is expected to drive an increase in the price of energy and related commodity stocks.
"Inflation data, trade balance, foreign exchange reserves and consumer confidence will be released this week," he added.
Phintraco Sekuritas recommends six stocks for today, namely PYFA, ASSA, HMSP, PNBN, DATA, and SCMA.
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