There is Sentiment from the US-Iran War, the JCI Monday is Expected to Move in the Range of 8,100-8,300

Illustration. (Photo: Dok. Antara)

JAKARTA - The Composite Stock Price Index (JCI) was overshadowed by the impact of the United States (US) and Iran wars this week. Phintraco Sekuritas in its research estimates that the JCI will move in the range of resistance 8,300, pivot 8,200, and support 8,100.

Phintraco Sekuritas explained that the Wall Street sasham indices closed weaker on Friday, February 27, after the release of higher-than-expected PPI data and increased concerns about inflationary pressures that have not been fully controlled. Anxiety over the AI sector and private credit also added pressure on the market.

"This week, some of the awaited US economic data include the ISM Manufacturing Index, ISM non-manufacturing, ADP Employment change, Nonfarm payrolls, unemployment rate, and Retail sales," wrote Phintraco Sekuritas.

On the geopolitical side, Phintraco Sekuritas said, there was an escalation of the conflict after the US and Israel launched an attack on Iran by air and sea on Saturday, February 28 and increased global risks. The impact of energy prices could rise and global investors tend to reduce exposure to risky assets.

The death of Iran's supreme leader and other key military figures is feared to trigger a wider open war, as Iran's potential retaliatory attacks target Israeli and US military bases throughout the Middle East region.

Phintraco Sekuritas assessed that the impact of the US-Iran war is expected to be a negative sentiment for the JCI this week due to increased global uncertainty, which is influenced by how long and how widespread the war will last.

"However, the energy and gold sectors are expected to be the sectors that benefit from rising commodity prices," said Phintraco Securities.

Technically, Phintraco Sekuritas said that if the JCI this week breaks through the 8,100 level, it has the opportunity to test the 7,800-8,000 level. However, the rebound opportunity is open if global sentiment eases and the domestic is solid.

From domestic, Phintraco Sekuritas said, a number of economic indicator data, namely S&P Global Manufacturing PMI, January 2026 trade balance, February 2026 inflation, and February foreign exchange reserves, are scheduled to be released.

"Meanwhile, the reduction of tariffs in trade agreements with the US from 19 percent to 15 percent has the potential to be a positive factor for export-based sectors," explained Phintraco Securities.

Phintraco Sekuritas recommends six stocks for today, namely HRUM, NCKL, SMDR, AMMN, ERAA and MAIN.