Phintraco Sekuritas forecasts that the Indonesia Composite Stock Price Index (IHSG) is vulnerable to a potential correction on Tuesday, July 15, 2025. Today's IHSG is expected to fluctuate within a resistance level of 7,150, a pivot at 7,100, and a support level at 7,050.

Given the current market conditions, Phintraco Sekuritas recommends five resilient stocks, with AKRA being one of the highlighted picks.

Phintraco Sekuritas reported that on Monday, July 14, 2025, the IHSG closed higher at 7,097.15, an increase of 0.71%, primarily driven by positive sentiment from individual corporate news.

From a technical perspective, Phintraco noted that the index has broken through the 200-day moving average (MA200), which lies around the 7,082 level. However, the Stochastic RSI indicator is currently in the overbought zone, supported by an increase in selling volume.

“Despite that, the MACD indicator still signals a positive momentum. Therefore, today’s IHSG is expected to experience a short-term pullback to close the price gap near the 7,055 level,” stated Phintraco Sekuritas in its research report on Tuesday (July 15, 2025).

Phintraco Sekuritas added that investors are awaiting the release of China's second-quarter economic growth data (2Q25), which is projected to slow to 5.1% year-over-year (YoY) from 5.4% YoY in the first quarter of 2025. Meanwhile, June 2025 retail sales are expected to grow at a slower pace of 5.6% YoY compared to 6.4% YoY in May.

June 2025 industrial production data from China is also forecasted to decelerate slightly to 5.6% YoY from 5.8% YoY in May 2025.

From the US, Phintraco Sekuritas noted that market participants are focused on June 2025 Consumer Price Index (CPI) data, which is estimated to rise to 2.7% YoY from 2.4% YoY in May. The core CPI for June 2025 is projected to increase to 3% YoY, up from 2.8% YoY in May.

On the domestic front, Phintraco pointed out that investors are closely monitoring the progress of ongoing negotiations between the Indonesian government and the United States, which are expected to reach a resolution before the August 1, 2025 deadline.

Phintraco also noted that investors are awaiting the result of Bank Indonesia’s Board of Governors Meeting (RDG), scheduled for Tuesday and Wednesday this week. According to consensus expectations, Bank Indonesia is projected to cut its benchmark interest rate (BI Rate) by 25 basis points to 5.25%.

“The market is also preparing for the second-quarter 2025 earnings season, which is set to begin in the middle of this month,” added Phintraco Sekuritas.

In its stock recommendations, Phintraco highlighted five resilient stocks expected to perform well despite market volatility: AKRA, LSIP, ENRG, HRTA, and JPFA.