JAKARTA - The Composite Stock Price Index (JCI) is predicted to consolidate in today's trading, Tuesday, June 23, after yesterday closed up 0.98 percent to 6,116.6.
Phintraco Sekuritas in its research said investors tend to be wait-and-see ahead of MSCI's announcement on the Annual Market Classification Review on June 24, 2026, to determine whether Indonesia is still in the Emerging Market class.
Investors are also waiting for the results of S&P Global Standards' review of Indonesia's rating. In addition, several issues regarding the P2SK Law have created uncertainty in the market.
Phintraco Sekuritas explained technically, the JCI closed below the MA5, but still above the MA10 and MA20 levels. The MACD histogram is still in the positive area, but the Stochastic RSI continues to reverse direction to the pivot area.
"So if the JCI closes below the 6,100 level, it has the opportunity to test the psychological level at 6,000. However, if it still survives and closes above the 6,100 level, it is estimated that the consolidation of the JCI will still continue in the range of 6,050-6,220," wrote Phintraco Sekuritas.
Meanwhile, BRI Danareksa Sekuritas recommends five stocks for today's trading, namely GULA, PIPA, ESIP, OASA, and HMSP.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)
