JAKARTA - The Composite Stock Price Index (JCI) is predicted to consolidate in today's trading, Wednesday, January 14, after yesterday strengthened 0.72 percent to the level of 8,948.
Phintraco Sekuritas in its research explained that the increasing domestic and global uncertainty became a negative sentiment, but the increase in commodity prices pushed up the prices of related stocks. Technically, there was a narrowing of the positive MACD histogram and Stochastic RSI decreased towards the pivot.
"The JCI is expected to still consolidate in the range of 8,840-9,000, as long as it is not closed above the level of 9,000. The correction of the JCI is still reasonable as long as it is not closed below the level of 8,730," wrote Phintraco Sekuritas.
Meanwhile, the rupiah continued to weaken at the level of Rp16,877 per US dollar in the spot market, in line with the strengthening of the US dollar index and the weakening of most Asian currencies.
According to the stockbroker, the escalation of global uncertainty has increased demand for the US dollar as one of the safe haven assets.
The Coordinating Minister for the Economy of the Republic of Indonesia ensures that the mandatory program of mixed vegetable fuel (BBN) biodiesel based on palm oil of 40% (B40) in solar fuel will be realized this year. Meanwhile, B50 is still under further study, which is expected to be ready for implementation in the second half of 2026.
The implementation of B40 and B50 is expected to reduce dependence on fossil energy and have a positive impact on the development of clean energy which is also part of the government's plan to achieve net zero emissions. This policy has the potential to be a positive factor for the fundamentals of CPO plantation sector stocks.
Then from China, this Wednesday investors will look at the December 2025 trade balance data which is estimated to post a surplus of 105 billion US dollars from 111.68 billion US dollars in November 2025.
Meanwhile, from the US, the October and November 2025 PPI index will be released. In addition, data on retail sales for November 2025 will also be released, which is expected to grow 0.3 percent MoM from the previous month which was stagnant.
The stocks recommended by Phintraco Sekuritas for today are BBNI, BMRI, PGEO, JPFA and ISAT.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)
