JCI Projected to Drop to 6,400, Market Braces for External Pressures

Phintraco Sekuritas forecasts that the Jakarta Composite Index (JCI) may weaken to the 6,400 level during Wednesday's (Feb 12, 2025) trading session. The index is expected to move within a resistance range of 6,700, with a pivot at 6,550 and support at 6,400.

Despite the potential decline, Phintraco Sekuritas has highlighted five stocks that could still generate gains amid market volatility, including AUTO.

In its analysis, Phintraco Sekuritas noted that JCI fluctuated around the 6,550 level on Tuesday (Feb 11, 2025). This level serves as a pivot point based on JCI's movement since 2021. A confirmed break below 6,550 could validate the index’s loss of momentum and indicate a continued bearish trend.

"For now, investors should watch the psychological level at 6,500 before anticipating the next support at 6,400," Phintraco Sekuritas stated in its report on Wednesday (Feb 12, 2025).

Domestic Factor: Weak Consumer Confidence Index

One of the key factors pressuring JCI is the lower-than-expected Indonesian Consumer Confidence Index (CCI), which stood at 127.2 in January 2025—below the forecast of 128 and the December 2024 figure of 127.7.

Phintraco Sekuritas noted that this result disappointed the market, which had initially hoped that CCI could help cushion selling pressure in the Indonesian stock market. Market confidence was previously bolstered by fiscal and monetary stimulus introduced at the beginning of 2025.

External Sentiment: US Inflation and Fed Policy

Externally, Phintraco Sekuritas pointed out concerns over US inflation, which is expected to remain at 2.9% in January 2025. The slowdown in inflation reduction is feared to be disrupted by potential trade wars triggered by US import tariffs.

"This situation has led the Federal Reserve to maintain its hawkish stance, as reiterated by Fed Chair Jerome Powell in his latest speech on February 10-11, 2025," Phintraco Sekuritas explained.

Stock Recommendations

Amid market uncertainties, Phintraco Sekuritas continues to recommend five stocks with strong profit potential for today's trading session: AUTO, MBMA, LSIP, AMRT, and ACES.

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