RRI.CO.ID, Jakarta – Stock trading on the Indonesia Stock Exchange (IDX) is expected to be slightly sluggish on Friday, August 7, 2026, with the Jakarta Composite Index (JCI) projected to weaken amid several influencing factors.

“Today, the JCI is predicted to move sideways in the range of 6,300–6,400,” the Phintraco Sekuritas Analyst Team said on Friday. On Thursday, August 6, the index closed lower at 6,343.71, down 0.12 percent.

Thursday’s decline was accompanied by net foreign selling amounting to IDR 217.24 billion. The stocks most heavily sold by foreign investors included BBCA, EMAS, TLKM, ANTM, and BRMS.

According to the Phintraco team, investors are awaiting Bank Indonesia’s release of July foreign exchange reserves data today. “Foreign exchange reserves in June rose slightly to USD 145.6 billion from USD 144.9 billion in May,” they said.

Phintraco noted that May’s reserves were the lowest level in nearly two years, driven by the continued depreciation of the rupiah.

Another economic indicator drawing market attention is the property price index, which increased to 0.8 percent year-on-year in the second quarter of 2026, up from 0.62 percent in the first quarter.

“Meanwhile, the government will hold an auction for Government Sharia Securities (SBSN) next Tuesday. The indicative target is IDR 10 trillion across eight SBSN series,” the Phintraco team said.

Externally, market participants will monitor China’s trade balance data. From the United States, attention will focus on Non-Farm Payrolls (NFP) figures.

US NFP data is projected to rise to 80,000 jobs in July 2026, compared with an increase of only 57,000 jobs in June. The US unemployment rate is expected to remain at 4.2 percent in July.

“If US labor market data comes in below estimates, investors are likely to respond positively,” the Phintraco team said.

Weaker labor market data could reduce expectations of rapid interest rate hikes by the US Federal Reserve. The Fed has been working to curb inflation through its interest rate policy. (Gusti Panji)