JAKARTA - The Composite Stock Price Index (JCI) is predicted to test the level of 8,300 ahead of the BI rate release this week. Indo Premier Sekuritas (IPOT) in its research said that the strengthening will be influenced by the fundamental sentiment of the 2025 annual financial report release which generally provides a positive catalyst, especially for issuers with solid profit growth and maintained margins.
Interest rate policy sentiment is also an important factor because it has the potential to move the banking and property sectors, along with expectations of liquidity stability and credit demand.
"On the other hand, investors still need to pay attention to the development of the Indonesian Stock Exchange (IDX) reform, which has been quite constructive and can strengthen market confidence in the medium term," wrote Indo Premier Sekuritas, quoted Wednesday, February 18.
Technically, the JCI is currently potentially consolidating after it has not succeeded in breaking through the 8,300 resistance area, with the support level being in the range of 8,120.
"As long as the resistance has not been passed, the movement tends to be sideways with limited volatility," wrote Indo Premier Sekuritas.
In this condition, investors are advised to be more selective by focusing on strong fundamental stocks and having clear performance support, especially in commodity sectors such as coal, nickel, and gold which are still supported by global demand and relatively stable commodity prices.
"The strategy of gradual accumulation in the support area and risk management discipline is the key to keeping the portfolio optimal in the midst of the market consolidation phase," wrote Indo Premier Sekuritas.
For this reason, Indo Premier Sekuritas recommends three stocks for today, namely BBTN, LPPF, and HRUM.
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