JCI Wednesday Projected to Continue Strengthening Testing Level 8.200-8.215

Illustration. (Photo: Dok. Antara)

JAKARTA - The Composite Stock Price Index (JCI) is predicted to continue strengthening in today's trading, Wednesday, February 11, after yesterday rose 1.24 percent to 8,131.7.

Phintraco Sekuritas in its research said, all sectors posted an increase with the largest strengthening in the shares of the primary consumer goods sector. After opening weak, the JCI turned again to strengthen.

Although FTSE Russell announced a postponement of the Indonesian index review in March 2026 as reforms by OJK and BEI were still ongoing, investors had anticipated this beforehand.

Investor confidence in the Indonesian capital market is gradually beginning to recover, in addition to being supported by the trend of strengthening global stock index and commodity prices.

The rupiah also continued to strengthen at the level of Rp16,790 per US dollar in the spot market, supported by the trend of weakening the US dollar. Pressure on the US dollar increased after reports that Chinese regulators urged financial institutions to hold back the pace of holding US government debt securities.

Technically, the JCI managed to stay above the MA5 level supported by the continued narrowing of the negative MACD histogram and the Stochastic RSI which continued to reverse.

"So it is estimated that the JCI has the potential to continue strengthening and testing the level of 8,200-8,215 in Wednesday's trade," wrote Phintraco Securities.

The stockbroker explained that domestic retail sales data grew 3.5 percent YoY in December 2025, slowing from 6.3 percent YoY in November 2025 and signaling eight consecutive months of monthly growth supported by government stimulus to boost people's purchasing power.

With the increase in the consumer confidence index in January 2026 and the Chinese New Year followed by Ramadan and Lebaran in February to March 2026, it is estimated that the retail sales trend in January-March 2026 will tend to increase.

From China on Wednesday, investors will look at January 2026 inflation data which is expected to slow to 0.5 percent YoY from 0.8 percent YoY in December 2025.

Meanwhile, from the US, data on nonfarm payrolls for January 2026 will be released, which is estimated to absorb 40 thousand people from 50 people in December 2025. For the unemployment rate in January 2026, it is estimated to rise to 4.5 percent from 4.4 percent.

Phintraco Sekuritas recommends five stocks for today, namely CDIA, INET, BKSL, CUAN, and APEX.