The Jakarta Composite Index (JCI) closed up 0.33 percent at 6,359.20 on Tuesday (2/3) trading.

On Tuesday, there were 225 stocks rose, 253 shares fell, and 162 stocks were unchanged. Foreign investors booked a net buy of Rp 27.65 billion in all markets.

Pilarmas Investindo analyst, Okie Setya Ardiasmata, said that the strengthening of JCI on Tuesday was driven by the decline in yields on US government bonds, which dampened current market players' concerns. By doing so, it may have a positive impact on global stock market trading.

However, Okie said the depreciation of the rupiah followed by outflows from the bond market put pressure on the rate of movement of the JCI.

Therefore, Pilarmas Investindo estimates that today's JCI will weaken in a limited manner. The slowdown is in line with the global stock market's movement, which may be under pressure in the short term.

"Also, the release of domestic data such as credit growth, inflation, and manufacturing indicating a slowdown will also put pressure on the JCI, which is projected to be limited," he said in Jakarta, Wednesday (3/3).

According to him, currently, market players will observe the impact of fiscal and monetary stimuli on economic performance at the end of the first quarter. Fiscal stimulus in the automotive and property sectors may have a domino effect on the supporting sectors, which will trigger people's purchasing power and sector productivity in the industry sector.

Okie projects that today's JCI will be in the range 6,293 - 6,388. For stocks that are interesting to observe, include INDF, INTP, and SMGR.