BNI Sekuritas Predicts JCI Poised for Strength
BNI Sekuritas Retail Report noted that the United States stock market, or Wall Street, closed lower on Tuesday, 24 March 2026, amid rising concerns over conflict in the Middle East and uncertainty regarding interest rate directions. The Dow Jones Industrial Average fell 0.18 per cent, while the S&P 500 weakened 0.37 per cent and the Nasdaq corrected 0.84 per cent.
“This weakening occurred despite investors initially hoping for progress in talks between the United States and Iran,” said Head of Retail Research at BNI Sekuritas, Fanny Suherman, in a written statement on Wednesday, 25 March 2026.
US President Donald Trump, she said, stated that negotiations with Iran were progressing positively, claiming that Iran had agreed not to develop nuclear weapons. However, market sentiment was pressured again after reports emerged of plans to send additional thousands of US troops to the Middle East region, sparking fears of prolonged conflict.
According to her, this situation also kept energy prices high. The energy sector became the main support in Wall Street with a 2.05 per cent gain. In contrast, the communications sector recorded the deepest decline of 2.5 per cent, followed by the technology sector which weakened 0.76 per cent.
On the corporate side, Jefferies shares strengthened 2.5 per cent after reports of an acquisition plan by Sumitomo Mitsui Financial Group. Meanwhile, Estee Lauder shares plunged 9.8 per cent after the company disclosed merger talks with Spanish beauty group Puig Brands. Concerns also arose in the private credit sector.
She said that Ares Management and Apollo Global Management were reported to be limiting investor fund withdrawals due to rising redemption demands. Ares shares fell 1 per cent, while Apollo rose slightly by 0.7 per cent.
In the Asia-Pacific region, stock markets recorded gains. South Korea’s Kospi index surged 2.7 per cent and Kosdaq rose 2.2 per cent. In Japan, the Nikkei 225 strengthened 1.4 per cent and Topix rose 2.1 per cent, driven by declining inflation indicating economic stabilisation.
Data from Japan’s Statistics Bureau recorded inflation dropping to 1.3 per cent in February, lower than 1.5 per cent in January and below the central bank’s 2 per cent target. Meanwhile, Hong Kong’s Hang Seng index rose 2.8 per cent, China’s CSI 300 strengthened 1.3 per cent, and Australia’s S&P/ASX 200 gained 0.2 per cent. On the other hand, Taiwan’s Taiex index weakened 0.3 per cent and Malaysia’s FTSE KLCI fell 0.7 per cent.
Domestically, according to Fanny, the Composite Stock Price Index (JCI) closed stronger by 1.2 per cent before the long holiday, supported by net buying from foreign investors of around Rp155 billion. The stocks most collected by foreigners included EMAS, AADI, TLKM, ITMG, and ARCI.
Fanny said the JCI has the potential to continue strengthening in today’s trading. The JCI is poised to extend its gains with support levels around 6,950–7,000 and resistance at 7,170–7,300.