JCI Thursday Projected to Move in the Range of 8,250-8,350, Watch the Stock Recommendations

Illustration. (Photo: Dok. Antara)

JAKARTA - The composite stock price index (JCI) has the potential to consolidate in today's trading, Thursday, February 26, after yesterday closed up 0.5 percent to 8,322.

Phintraco Sekuritas in its research explained that the positive factors driving the JCI include a rebound on Wall Street as well as the strengthening of the majority of indices on Asian exchanges on Wednesday.

Sectorally, the health sector (2.73 percent) led the strengthening, followed by the primary consumer goods sector (2.71 percent), and the industrial sector (2.21 percent).

Phintraco Sekuritas explained technically, the JCI is still above the MA5 and MA20. However, the Stochastic RSI indicator has been in the overbought area, with MACD starting to show a narrowing on a positive slope.

"Thus, the JCI has the potential to consolidate in the 8,250-8,350 area on Thursday's trading," wrote Phintraco Sekuritas.

From the results of President Trump's state of the union speech on Wednesday, there are several important points, namely Trump calls for the establishment of a government-backed pension program.

In addition, he again called on Congress to pass a law prohibiting large institutional investors from buying single-family homes, citing success in boosting the economy and fighting inflation, and largely focused his speech on domestic policy.

Then, from Europe on Thursday, investors will look at the Euro Area Economic Sentiments for February 2026 which is expected to rise slightly at the level of 99.5 from 99.4.

Meanwhile, from the US, investors will look at the data on Initial Jobless Claims last week which is expected to rise to 210 thousand from 206 thousand.

Phintraco Sekuritas recommends five stocks for today, namely MEDC, ELSA, KLBF, BKSL, and ASII.