JCI Wednesday Projected to Continue Strengthening Testing Level 6.220-6.280

Illustration. (Photo: Dok. Antara)

JAKARTA - The composite stock price index (JCI) is projected to continue strengthening by testing the level of 6,220-6,280 in today's trading, Wednesday, June 3, after yesterday closed up 1.11 percent to 6,195.43.

Phintraco Sekuritas in its research explained that although the majority of indices on the Asian stock exchange moved weaker due to uncertainty in the US-Iran negotiations and rising oil prices, the JCI moved in positive territory throughout the trade.

Energy sector shares (1.61 percent) posted the largest gain, while transportation sector shares (3.33 percent) experienced the largest weakness.

The rupiah closed up 0.2 percent at Rp17,830 per US dollar. From economic indicators, the manufacturing PMI index rose to 50 in May 2026 from 49.1 in April 2026, and better than the forecast at 49.5.

However, the trade balance surplus was recorded at US$0.09 billion from US$3.32 billion in March 2026. Meanwhile, inflation rose to 3.08 percent YoY in May 2026 from 2.42 percent YoY in April 2026.

Technically, the JCI is holding above the MA5 level. The narrowing of the negative histogram of MACD continues with Stochastic RSI moving to the pivot area.

"So it is estimated that the JCI has the potential to continue strengthening by testing the level of 6,220-6,280," wrote Phintraco Sekuritas.

Meanwhile, MNC Sekuritas revealed that the strengthening of the JCI is expected to test 6,362-6,484, with the nearest correction area at 5,899-6,080.

MNC Sekuritas recommends four stocks for today's trading, namely BRPT, IMPC, INCO, and KLBF.