JAKARTA - The Composite Stock Price Index (JCI) is predicted to move in the range of 7,500-7,600 on today's trading, Monday, March 9, after last weekend closed down 1.62 percent to 7,585.6.
After recording a rebound the day before, the JCI again moved weaker amid concerns about the impact of the ongoing US-Iran war.
Phintraco Sekuritas explained that technically, the JCI closed below the MA5 and MA20 which indicates that short-term pressure is still continuing, strengthened by the negative widening of the slope on the MACD.
"Considering the technical conditions and a number of catalysts, we estimate the JCI will move in the range of 7,500-7,600 on Monday, March 9," wrote Phintraco Securities.
This week, from domestic, data on Consumer Confidence will be released on Monday, March 9, retail sales and motorbike sales, Tuesday, March 10, and car sales, Friday, March 13.
Meanwhile, from the US, investors will look at data on PCE Prices and Michigan Consumer Sentiment Prel on Friday, March 13 ahead of the Fed meeting on March 17-18, 2026.
Phintraco Sekuritas recommends six stocks for today, including WIIM, DOOH, NCKL, MEDC, BREN, and TPIA.
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