JCI Poised to Test 7,200 Level After Eid Holiday Break, Check Recommended Stocks for Tomorrow - Market

Bisnis.com, JAKARTA — The Composite Stock Price Index (JCI) is predicted to move variably with a tendency towards limited strengthening on Wednesday (25/3/2026) when the market resumes full operations after the long Eid al-Fitr holiday. As is known, the Indonesia Stock Exchange (IDX) closed trading during the period of 18–24 March 2026 for the national holiday and collective leave for Nyepi Day and Eid 2026. The momentum of the market’s return is expected to be coloured by investors’ portfolio adjustments. The MNC Sekuritas Research Team noted that before the long holiday, the JCI had strengthened by 1.20% to the level of 7,106, accompanied by the emergence of significant buying volume. Technically, the nearest strengthening area at the level of 7,115 has been reached, so the composite index is now projected to target the next resistance. MNC Sekuritas also estimates that the JCI position is still in the wave (v) of wave [c] of wave A on the black label or wave (2) on the red label. “There is a possibility that the JCI will continue its correction to the range of 6,745 – 6,887. Meanwhile, the next nearest strengthening area is at 7,176 – 7,238,” states the MNC Sekuritas research publication quoted on Tuesday (24/3/2026). Currently, the MNC research team states that the JCI’s strong support level is at 6,991 and 6,843, while the resistance level is set at 7,156 and 7,239. In line with this projection, MNC Sekuritas provides technical recommendations for several stocks worth monitoring in tomorrow’s trading. The following are several stocks recommended by MNC Sekuritas for Wednesday, 25 March 2026: PT Bank Neo Commerce Tbk. (BBYB) BBYB was recorded to strengthen by 4.35% to the level of Rp288 before the long holiday. Investors are advised to buy on weakness in the range of Rp272–Rp286 with price targets at Rp316 and Rp346, and a stop loss below Rp264. PT XL Axiata Tbk. (EXCL) EXCL recorded an increase of 15.63% to the level of Rp2,960. The buy-on-weakness recommendation is in the range of Rp2,710–Rp2,870 with price targets at Rp3,080 and Rp3,260 per share. PT Merdeka Battery Materials Tbk. (MBMA) This nickel issuer, a subsidiary of PT Merdeka Copper Gold Tbk. (MDKA), held at the level of Rp700 and remains above the MA60. A buy-on-weakness strategy is recommended in the area of Rp665–Rp690 with price targets of Rp750 to Rp825. PT Hartadinata Abadi Tbk. (HRTA) Although it experienced a correction to the level of Rp2,510 per share, HRTA is still considered prospective. The speculative buy recommendation is in the range of Rp2,440–Rp2,500 with price targets of Rp2,790 and Rp2,940 per share.