Ajaib sees Indonesia stock index trading in 6,100-6,200 range amid “saving squeeze” pressure
EIDO•Ajaib projected the Jakarta Composite Index would trade between 6,100 and 6,200 as “saving squeeze” pressure and cost-push inflation weighed on sentiment. The index fell 1.88% to 6,031.
1. Index outlook and pressure
Ajaib flagged a “saving squeeze” risk as consumption rose to 74.9%, savings fell to 15.4% and credit installments reached 9.7%. Consumer confidence remained optimistic at 118.1, with expectations at 128.7 and the current conditions index at 107.5. Weakness in AI-linked technology stocks also added pressure, while the Nasdaq Composite fell 1.25%.
2. Tactical stock ideas
Ajaib highlighted INCO as an accumulation buy at Rp4,260, ARCI as a trading buy with a Rp1,270 target, and IATA as a speculative buy at Rp101.
