JCI Movement Projected to Be Limited Today, Check Out Potential Profit-Making Stocks

The Jakarta Composite Index (JCI) is projected to remain in a consolidation phase during today’s trading. Investor attention is focused on the results of the MSCI Annual Market Classification Review, which will be released tomorrow.

BRI Danareksa Sekuritas stated in its morning research on Tuesday, 23 June 2026, that investors will also be observing the release of Indonesia’s M2 money supply data and developments regarding the review of Indonesia’s credit rating by S&P Global.

From a technical perspective, BRI Danareksa Sekuritas noted that the JCI is still moving in a consolidation phase with a limited tendency. As long as it holds above the support area of 6,070–5,930, the opportunity for the JCI to rebound towards the resistance level of 6,300–6,350 remains open.

The JCI’s movement will also be influenced by Wall Street’s performance overnight, after the Dow Jones closed up 0.29 percent. Conversely, the S&P 500 and Nasdaq indices fell by 0.37 percent and 1.32 percent, respectively.

BRI Danareksa Sekuritas recommended buying shares in OASA with a target price of Rp 282–306, MDKA with a target price of Rp 3,130–3,300, and INDY with a target price of Rp 2,400–2,520.

The JCI ended trading at the start of the week, Monday, 22 June 2026, with a significant decline amid cautious market sentiment as participants awaited an important announcement from MSCI regarding the classification of the Indonesian stock market. The JCI closed down 60.45 points, or 0.98 percent, at 6,116.69. Meanwhile, the LQ45 index, which comprises blue-chip stocks, also corrected by 10.20 points, or 1.67 percent, to 599.20.