The Jakarta Composite Index (JCI) is predicted to experience limited\nstrengthening in trading on Friday (4\/9\/2026).<\/p>\n
In Thursday\u2019s (3\/9\/2026) trading, the JCI closed up by 72.11 points\nor 1.09% to the 6,667 level. The transportation sector was the strongest\nperformer, rising 2.45%, while the technology sector was the weakest,\nfalling 1.62%.<\/p>\n
\u201cBased on technical analysis, we see the JCI has the potential for\nlimited strengthening with support and resistance at 6,600-6,710,\u201d wrote\nPilarmas Investindo Sekuritas in its review on Friday (4\/9\/2026).<\/p>\n
Pilarmas explained that the US ISM Services Index rose from a\nprevious 54.1 to 55.4, reaching its highest level in four years.\nInterestingly, this increase occurred alongside a rise in the US ISM\nServices Prices Paid from 54.1 to 55.4, marking the highest level for\nraw materials since mid-2022. This surge in demand is supported by\nrobust business activity.<\/p>\n
This strong demand is reflected in the US ISM Services New Orders,\nwhich rose from 57.2 to 60.9, the strongest increase since 2023. So far,\n12 service industries reported growth in August, including mining, real\nestate, and accommodation and food services, while five other industries\nexperienced contraction.<\/p>\n
The strengthening of the US service industry is driven by resilient\nconsumer purchasing power, a stable labour market, and healthy business\ninvestment. However, these sectors must face supply chain disruptions,\ntariffs, and rising costs across the economy, which has driven up raw\nmaterial prices and raised concerns regarding future demand.<\/p>\n
Notably, despite these challenges, the US ISM Services Employment\nindex rose from 47.4 to 47.8. This is viewed as a positive indicator for\nthe future, as demand remains strong despite pressures from geopolitical\nuncertainty and raw material costs.<\/p>\n
This trend is expected to impact businesses in the near future,\nparticularly regarding employment. Additionally, the use of AI in\nbusiness is increasing, especially in capital investment for\ntransmission services, which is seen as a positive driver for corporate\nproductivity.<\/p>\n
Pilarmas revealed that alongside this encouraging data, further\npositive sentiment came from Christopher Waller, who stated his\nwillingness to support stable interest rate policies if inflationary\npressures show signs of easing. The Federal Reserve\u2019s next decision will\nbe heavily influenced by August inflation data to be released next week.\nAlthough inflation projections may rise, Waller remains optimistic that\ninflationary pressures will subside.<\/p>\n
Waller indicated that the Fed is more inclined to maintain current\ninterest rates rather than raising them in September, though the Fed\nacknowledges the situation remains tight and subject to change based on\nupcoming inflation data. Furthermore, Waller expressed hope that\nemployment data would be sufficient to assist the Fed in its\ndecision-making process.<\/p>\n
\u201cWith good data and supported by positive sentiment, we see the JCI\nand the bond market moving higher today,\u201d wrote Pilarmas.<\/p>\n
On the domestic front, the government intends to strengthen oversight\nthrough the Ministry of Finance and assign regional officials to monitor\nthe Free Nutritious Meal (MBG) programme to ensure efficient\nimplementation.<\/p>\n
\u201cWe assess that the plan to increase budget efficiency for the MBG\nprogramme to below Rp 200 trillion is a positive signal for the\ngovernment\u2019s fiscal management,\u201d said Pilarmas. With the previous\nallocation at approximately Rp 240 trillion, potential savings of over\nRp 40 trillion could provide additional fiscal space for the government\nto fund other priority programmes, manage the deficit, or reduce\npressure on national financing needs.<\/p>\n
Regarding the programme, Pilarmas noted that efficiency should not\nmerely be interpreted as budget cuts, but as increasing the\neffectiveness of every rupiah spent. Utilising technology, digitising\ndistribution, improving supply chains, and monitoring the programme can\nhelp reduce potential leakages and operational costs without\ncompromising food quality or the number of beneficiaries.<\/p>\n
However, the government must ensure that these savings do not impact\nthe nutritional quality or the accuracy of the MBG programme\u2019s targets.\nAs the programme has long-term impacts on human resource quality,\nsuccess should not be measured solely by budget reductions, but by the\nquality of service and benefits received by the community.<\/p>\n
For the market, MBG efficiency could serve as a positive sentiment\nfor fiscal management credibility, particularly if savings are achieved\nstructurally and sustainably. Greater fiscal space could provide the\ngovernment with the flexibility to address other spending needs and\nmaintain the health of the state budget (APBN). Nevertheless, investors\nwill continue to monitor the actual implementation of these efficiencies\nto ensure savings stem from increased productivity rather than mere\ndelays or reductions in programme scope.<\/p>\n
Pilarmas Investindo Sekuritas recommends RATU, ISAT, and HRUM stocks\nfor trading on Friday (4\/9\/2026).<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/jci-set-to-test-6-700-level-three-stocks-identified-for-potential-gains-1788508390", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }