JAKARTA - The composite stock price index (JCI) is predicted to move mixed in trading, today, Friday, February 20, after yesterday closed down 0.43 percent to 8,274.08.
Phintraco Sekuritas in its research explained that technically, there was an expansion of the positive histogram of MACD and Stochastic RSI leading to overbought. However, the volume of sales increased.
"So it is estimated that the JCI will tend to move mixed in the range of 8,200-8,300," wrote Phintraco Sekuritas.
According to Phintraco Sekuritas, the Bank Indonesia Board of Governors (RDG BI) meeting was in line with expectations, where the central bank maintained the BI rate at 4.75 percent for the fifth consecutive time on Thursday, February 19.
This decision is in line with efforts to stabilize the rupiah which tends to weaken, as well as to keep inflation within the target range of 1.5-3.5 percent and support economic growth.
The rupiah tends to weaken amid investor concerns about Indonesia's fiscal, as well as the potential for a downgrade in equity and credit ratings by MSCI and Moody's.
Meanwhile, the inflation rate in January 2026 reached the highest level since May 2023 at 3.55 percent YoY.
Meanwhile, credit growth reached 9.96 percent YoY in January 2026, accelerating from 9.69 percent YoY in December 2025, and is the fastest growth since February 2025.
Furthermore, investors will look forward to the Current Account data for the fourth quarter of 2025 which is estimated to record a surplus of 2 billion US dollars from a surplus of 4 billion US dollars in the third quarter of 2025.
Indonesia and the US are scheduled to sign a trade agreement with a framework of negotiations that were agreed upon last year, including an agreement that Indonesian export goods entering the US will be subject to a tariff of 19 percent, and US export goods entering Indonesia will not be subject to tariffs.
Then, Indonesia will loosen the TKDN requirements for US products, easing the import of US agricultural products, commitments in the digital sector and personal data, and Indonesia will remove the ban on the export of commodities to the US, including essential minerals, and Indonesia will also increase imports from the US.
Phintraco Sekuritas recommends five stocks for today, namely AMMN, TKIM, PSAB, ANTM and ADMR.
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