KIWOOM Morning Equity – 06 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 MIXED, INDONESIA’S GDP STRENGTHENS MARKET OPTIMISM US MARKET: Wall Street closed mixed on Wednesday's trading (08/05/26), ending a four-day winning streak after briefly hitting a record high early in the session. S&P 500 fell 0.2% to 7,723.55, Nasdaq Composite weakened 0.8% to 26,363.44, while Dow Jones Industrial Average strengthened 0.5% and posted a new record closing high at 54,349.12. Market movement was affected by profit-taking in tech stocks after SpaceX and AMD's earnings reports disappointed investor expectations, while non-tech sector stocks continued to support the Dow's gains. INDONESIA: The Central Statistics Agency (BPS) recorded Indonesia's economy growing 5.29% YoY in Q2 2026, slowing from 5.61% YoY in the previous quarter, but still posting cumulative growth of 5.45% in H1 2026. The government considers this performance to remain solid amid global pressures, such as trade wars, geopolitical conflict, and technological disruption. The government is also optimistic economic growth can rise in H2 2026 to near 6%, supported by strengthening domestic consumption, investment, and liquidity-boosting policies to encourage credit disbursement. - In addition, Finance Minister Purbaya Yudhi Sadewa announced an additional Rp70 trillion placement of Budget Surplus (SAL) funds into Himbara banks, bringing the total funds placed to nearly Rp400 trillion. The government will also extend the placement of a portion of SAL funds until July 2027 to maintain banking liquidity, lower the cost of funds, and boost credit growth and economic activity in the second half of 2026. JCI closed up 0.50% at the 6,351.14 level on Wednesday's trading (08/05), after moving in a range of 6,316.10 – 6,367.82. Although foreign investors still booked a net sell of Rp187.59 billion in the Regular Market and Rp182.77 billion across all markets, the index still managed to strengthen supported by buying in ANTM, TINS, BUMI, KOTA, and DEWA, while the largest selling pressure occurred in TPIA, TLKM, BBRI, ASII, and CPIN. Meanwhile, the Rupiah strengthened to around Rp17,930 per US dollar, supported by a weaker US dollar amid falling oil prices due to optimism over reaching a US-Iran agreement, as well as positive domestic sentiment after Indonesia's Q2 2026 GDP grew 5.29% YoY, beating market expectations, with July inflation at 2.88% remaining within Bank Indonesia's target range. Technically, JCI again formed a bullish candle and managed to close above the EMA10 (6,237), EMA20 (6,179), and EMA50 (6,250), indicating strengthening momentum remains intact after confirming a breakout from its short-term consolidation phase. The index's movement also remained above the uptrend line, opening the chance to continue strengthening toward the next resistance area. The RSI (14) rose to 61.66, reflecting bullish momentum growing stronger but not yet entering overbought territory, leaving room for further gains. As long as JCI can hold above the EMA50 area (6,250), the chance of strengthening toward resistance at 6,377, 6,500, up to 6,723 remains open. Meanwhile, should a pullback occur, support areas are at 6,250, 6,237, and 6,179, which could potentially become accumulation areas. KIWOOM RESEARCH advises investors to hold positions and consider averaging up on stocks that have confirmed a breakout, while still applying a trailing stop below the 6,250 area to anticipate potential short-term corrections.