Phintraco Sekuritas projects that the Jakarta Composite Index (JCI/IHSG) may test the 6,000 level during trading on Thursday (June 11, 2026). For today’s session, the index is expected to move within a range of 6,000 resistance, 5,900 pivot, and 5,800 support.

In addition, Phintraco Sekuritas has highlighted five stocks with profit potential, with INDF included among its preferred picks.

According to the brokerage, the JCI closed the previous trading session at 5,902.38, marking a 2.71% gain. All sectors ended in positive territory, with the transportation sector recording the strongest increase of 4.51%. The continuation of the market rebound was supported in part by a decline in global crude oil prices.

Furthermore, the strengthening of the rupiah also contributed to the positive performance of the index. In the spot market, the rupiah appreciated by 0.63% against the US dollar, reaching Rp17,944 per US dollar.

From a technical perspective, Phintraco Sekuritas noted that the JCI remained above the MA5 level and closed at the MA10 area. The Stochastic RSI continued to strengthen around its pivot zone, while the MACD histogram kept narrowing and showed potential for a Golden Cross formation.

Based on these indicators, the brokerage believes the JCI has an opportunity to test the psychological level of 6,000 today. However, investors are advised to remain cautious of possible profit-taking activity triggered by negative external market sentiment.

Consumer Confidence Index Declines

Phintraco Sekuritas also reported that the Consumer Confidence Index fell to 120.9 in May 2026, down from 123 in April 2026. This marked the lowest reading since September 2025. The decline was mainly attributed to weaker public assessments of current economic conditions.

In addition, sentiment regarding durable goods purchases, perceptions of job availability over the past six months, and income expectations for the next six months all weakened. On the other hand, expectations concerning future employment opportunities and business activity showed slight improvement.

The brokerage further noted that Indonesia’s new car sales rose 14% year-on-year (YoY) to 69,219 units in May 2026, following a significant 55% YoY increase in April 2026. This represented the second consecutive month of growth, although signs of slowing momentum have emerged amid potential inflationary pressures and rising fuel prices.

Nevertheless, the depreciation of the rupiah could lead to higher production and import costs.

For the January–May 2026 period, national vehicle sales increased 12.8% YoY to 359,015 units compared with the same period in 2025. Meanwhile, Gaikindo has set a target of 850,000 vehicle sales for the full year.

Taking these factors into account, Phintraco Sekuritas recommends five stocks with profit potential, namely INDF, PGAS, BBNI, TLKM, and ASSA.