KIWOOM Morning Equity – 05 August 2026 This document is for information only and for the use of the recipient. It is not to be reproduced or copied or made available to others. WALL STREET HITS A RECORD HIGH, FOCUS TURNS TO INDONESIA’S GDP RELEASE TODAY US MARKET: Wall Street closed higher on Tuesday's trading (08/04/26), recording its first record closing high since early June amid recovering sentiment toward artificial intelligence (AI) stocks. S&P 500 rose 1.8% to 7,736.52, Dow Jones Industrial Average strengthened 1.7% to 54,085.88, while Nasdaq Composite surged 2.6% to 26,584.99. The gains were supported by a tech stock rebound, falling oil prices and US Treasury yields, and optimism ahead of SpaceX and AMD earnings reports. INDONESIA: Economists at PT. Bank Central Asia (BCA) project Indonesia's Current Account Deficit (CAD) will widen to around 1.3% of GDP by the end of 2026, up from 0.11% in 2025. The widening is expected to be driven by rising imports due to high global oil prices and strong government spending, while export growth remains limited. Although the financial account is projected to continue posting a surplus, helping finance the external deficit, the widening CAD could potentially increase pressure on the rupiah's exchange rate and foreign exchange reserves if capital inflows are not strong enough. - In addition, Finance Minister Purbaya Yudhi Sadewa affirmed that the government is ready to add more funds sourced from the Budget Surplus (SAL) to Himbara banks to maintain liquidity and accelerate economic recovery. After previously placing Rp400 trillion in funds, the government stated it is ready to add more liquidity if needed so that credit disbursement to businesses and the public continues to increase. This policy is expected to support domestic demand, boost economic growth, and provide positive sentiment for the banking, consumption, and automotive sectors. JCI closed up 1.37% at the 6,319.61 level on Tuesday's trading (08/04), after moving in a range of 6,238.40 – 6,319.61. Foreign investors again booked a net buy of Rp741.19 billion in the Regular Market and Rp623.48 billion across all markets. Foreign buying was mainly concentrated in BBCA, BMRI, BBRI, MDKA, and BBNI, while the largest selling pressure occurred in TPIA, AMMN, EMAS, MEDC, and ASII. Meanwhile, the Rupiah weakened again above Rp18,000 per US dollar after strengthening for four consecutive days, triggered by growing concerns over Indonesia's external balance outlook amid the projected widening current account deficit (CAD). Technically, JCI continued forming a bullish candle and managed to close above the EMA10 (6,211), EMA20 (6,161), and EMA50 (6,246), while confirming a breakout from its short-term consolidation phase. This movement was also supported by the index's success in holding above the uptrend line, indicating the rebound momentum is growing stronger. The RSI (14) rose to 60.20, reflecting bullish momentum continuing to improve but not yet entering overbought territory, leaving room for further strengthening. As long as JCI can hold above the 6,246 – 6,211 area, the index has room to continue rising to test resistance at 6,377, then 6,450, up to 6,500. Meanwhile, if it moves back below the EMA50, JCI could potentially undergo a healthy pullback, with support areas at 6,246, 6,211, and 6,161. KIWOOM RESEARCH advises investors to consider averaging up on stocks that have confirmed a breakout, while still applying a trailing stop below the nearest support area to anticipate potential short-term corrections.