JCI Today Vulnerable to Correction, Retail Investors Advised to Monitor PTBA, SMGA, BMRI Stocks

JAKARTA - The Composite Stock Price Index (JCI) is projected to tend towards weakening or correcting during trading on Tuesday (5/5/2026), after the index closed with a slight gain of 0.22 per cent to the level of 6,971.953 at the start of this week.

Technical analyst at MNC Sekuritas, Herditya Wicaksana, assesses that market participants are awaiting the release of Indonesia’s domestic economic growth data (GDP), which will serve as an indicator for the market’s direction.

In addition, investors are still monitoring geopolitical developments in the Middle East that could trigger volatility in global financial markets, including Indonesia’s stock market. At the same time, the rupiah exchange rate, which remains depreciated against the US dollar, is also a pressuring factor on the index.

“For tomorrow, we forecast the JCI to be vulnerable to correction with support at 6,923 and resistance at 7,033. For sentiment, there will be the release of Indonesia’s GDP, and investors are still monitoring Middle East developments as well as the rupiah exchange rate that remains depreciated against the US dollar,” said Herditya when contacted by Kompas.com on Monday evening (4/5/2026).

Amid these conditions, Herditya recommends several stocks that retail investors can monitor during Tuesday’s trading, namely shares of PT Saratoga Investama Sedaya Tbk (SRTG), projected to move in the price range of Rp 1,865 - Rp 1,955.

Shares of PT Bukit Asam Tbk (PTBA) are targeted to reach Rp 3,020 - Rp 3,120. Then, shares of PT Sumber Global Energy Tbk (SMGA) are also worth watching with a projected movement in the range of Rp 108 - Rp 113.

BCA Sekuritas recommends shares of PT Bumi Resources Minerals Tbk (BRMS). BRMS is testing a three black crows pattern with weakening RSI and declining volume, but its stochastic is oversold.

It could be a buy entry if it holds above Rp 755 - Rp 760. BRMS is recommended as buy on weakness with a target resistance at Rp 920. BRMS closed with a daily correction of 3.11 per cent to Rp 780 on Monday (4/5).

Recommendation: Buy on weakness support Rp 750 and resistance Rp 920