The Jakarta Composite Index (JCI) is expected to post limited gains as investors await the release of Indonesia’s Q1 2025 economic growth data, which will be announced today, Monday (May 5, 2025), by Statistics Indonesia (BPS). According to Bloomberg consensus, Indonesia's GDP for Q1 is forecasted to grow by 4.93%, slightly lower than the previous figure of 5.02%.

Semesta Indovest Sekuritas analysts predict the JCI may weaken within a range of 6,700–6,750 due to profit-taking activities at the end of last week. In addition to domestic economic data, the JCI is also influenced by positive global sentiment, particularly in the AI sector, with strong earnings from major AI tech companies providing upward momentum to global stock markets.

Market participants are also awaiting U.S. data on the unemployment rate and non-farm payrolls (NFP). Meanwhile, BPS will also release Indonesia’s inflation rate for April 2025 today.

MNC Sekuritas reported that the JCI rose by 0.72% to 6,815 on Friday (May 2, 2025), accompanied by increased buying volume. The firm believes the JCI is at the end of wave [a] of wave B, signaling limited upside potential and the possibility of a reversal to form wave [b], targeting a correction to the 6,364–6,618 zone. For today’s trading, MNC Sekuritas identifies support levels at 6.708 and 6.585, and resistance at 6.818 and 6.877.

Their stock picks include BUKA, KLBF, TPIA, and UNTR. TPIA and UNTR are recommended as buy-on-weakness, with TPIA’s target price at Rp8,950–Rp9,400 and UNTR at Rp23,500–Rp24,275. Semesta Indovest Sekuritas also suggests buying UNVR and TPIA on weakness, while recommending selling PTBA and SRTG on strength, with UNVR's target price at Rp1,870, support at Rp1,700, and resistance at Rp1,900.