JAKARTA - The composite stock price index (JCI) has the opportunity to continue to strengthen in trading, Monday, April 13, after last weekend closed up 2.07 percent to 7,458.4.
Phintraco Sekuritas in its research said that the hope of reaching an agreement to end the US-Iran war and the anticipation of the dividend distribution season are factors that have contributed to the strengthening of the index.
"Technically, several indicators indicate that the strengthening of the JCI has the potential to continue. It is estimated that the JCI has the potential to test the level of 7,500-7,550," wrote Phintraco Sekuritas.
Indonesia's consumer confidence data fell to 122.9 in March 2026 from 125.2 in February 2026, but was better than the estimate at 120. This data is the lowest level since October 2025 due to a decrease in the majority of sub-indices.
Meanwhile, car sales data fell 13.8 percent YoY in March 2026, after growing 12.2 percent YoY in February 2026. This week, data on retail sales for February 2026 is scheduled to be released, which is expected to grow 5.9 percent YoY.
The majority of indexes on the Asian stock exchange last week closed up despite investor concerns about a relatively fragile US-Iranian ceasefire and the Strait of Hormuz still closed.
Meanwhile, Wall Street's futures index last week tended to move weaker as investors awaited the outcome of negotiations between the US and Iran.
Phintraco Sekuritas provides recommendations for stocks that can be considered this week, namely BBCA, BBRI, MYOR, ISAT, EXCL and BRIS.
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