JAKARTA - The Composite Stock Price Index (JCI) is predicted to consolidate in trading, today, Friday, July 3, after yesterday closed up 0.87 percent to 5,744.5.
Phintraco Sekuritas in its research said there were several sentiments that would affect the JCI. From a global perspective, the market will look forward to the release of US Non Farm Payroll data in June 2026 which is scheduled to be released later tonight and is expected to show an increase in labor of 110 thousand, slowing down compared to the previous month's realization of 172 thousand.
This condition indicates that the US labor market is starting to slow down as high interest rates still limit economic activity.
Phintraco Sekuritas stated that from a technical perspective, the strengthening of the JCI was held by MA5 at around the level of 5,760. Meanwhile, the MACD indicator showed a positive histogram strengthening accompanied by the potential of a Death Cross on the Stochastic RSI in the oversold area.
"So the JCI has the opportunity to consolidate in the range of 5,700-5,800 on Friday trading," wrote Phintraco Sekuritas.
Meanwhile, MNC Sekuritas estimates that the JCI is still vulnerable to corrections testing the level of 5,472-5,540.
MNC Securities recommends four stocks for today, namely ADMR, BRMS, RATU, and INDF.
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