JCI Poised for Rebound After Eid Holiday Break, See Analysts' Recommended Stocks
JAKARTA, KOMPAS.com - The Composite Stock Price Index (JCI) is projected to rebound in trading on Wednesday (25/3/2026), after the long holidays for Nyepi and Eid al-Fitr 2026.
However, behind this potential technical rebound, the stock market is still overshadowed by global uncertainties that could restrain the index’s upward movement.
Capital market observer and Founder of Republik Investor, Hendra Wardana, assesses that the JCI’s movement in the coming week will be heavily determined by global sentiment and domestic seasonal factors.
“The projection for the Indonesian stock market’s movement after the long Nyepi and Eid holidays will fundamentally still be greatly influenced by a combination of global sentiment and domestic seasonal factors,” Hendra stated when contacted by Kompas.com on Tuesday (24/3/2026).
Historically, the JCI tends to experience a technical rebound after the long Eid holiday because investors usually engage in profit-taking and adopt a wait-and-see approach before the extended break, leading to renewed fund inflows into the market once the holidays end.
With this pattern, the JCI is expected to strengthen in trading. Nevertheless, this strengthening is still expected to be limited and tends to remain in a consolidation phase. Technically, the index has the potential to test the resistance area around 7,150-7,200.
“With those conditions, the JCI has the potential to move higher at the opening after the holidays, but this strengthening is estimated to still be limited in nature and tends to remain in a consolidation phase with the potential to test the resistance area around 7,150-7,200,” he explained.
In this scenario, the index could even test the psychological support area at 7,000, which currently serves as an important boundary to keep the JCI’s trend in a healthy consolidation phase.
The market’s movement this week is also expected to respond to commodity price dynamics, particularly gold and energy. A decline in gold prices, for instance, often serves as an indicator that market concerns are easing and investors are shifting back to risk assets like stocks.
Nevertheless, Hendra believes investors will remain cautious. The domestic market is not expected to move aggressively right away as market participants await clarity on the direction of global interest rate policies and future geopolitical stability.