JCI Thursday Trying To Stay At 8,000 Levels, Check Out Stock Recommendations

JAKARTA - The Composite Stock Price Index (JCI) tested a psychological level of 8,000 today, Thursday 2 October. Phintraco Sekuritas in its research estimates that the index will move in the resistance range of 8,100, pivot 8,050, and support 8,000.

Phintraco Sekuritas explained that the JCI closed lower at the level of 8,043.82 (0.21 percent) in trading last Wednesday. Index movements were influenced, among others, by news of the shutdown of the US government and domestic economic indicators.

In September 2025, BPS said, there was inflation of 0.21 percent MoM from deflation of 0.08 percent MoM in August 2025, as a result, annual inflation accelerated to 2.65 percent YoY from 2.31 percent YoY in August 2025 and above the estimated 2.5 percent YoY. For core inflation, it was recorded at 2.19 percent YoY from 2.17 percent YoY, but still below the estimated 2.2 percent YoY.

Despite the increase, Phintraco Sekuritas assessed, the inflation rate in September 2025 is still in the BI target range, which is 1.5-3 percent. For PMI manufacturing data in September 2025, it fell to the level of 50.4 from 51.5 in August 2025.

"This figure still indicates expansion," wrote Phintraco Sekuritas.

Phintraco Sekuritas added that Indonesia's trade balance in August 2025 posted a surplus of 5.49 billion US dollars, up from 4.18 billion US dollars in July 2025, and better than the estimated 3.99 billion US dollars.

"This is the highest surplus since October 2022, along with an increase in exports by 5.78 percent YoY and a decrease in imports by 6.56 percent YoY," added Phintraco Sekuritas.

Technically, Phintraco Sekuritas explained, the formation of a negative histogram on MACD is still ongoing and the Stochastic RSI is in the pivot area.

"Thus, the JCI is predicted to test the psychological level of 8,000 today," explained Phintraco Sekuritas.

Phintraco Sekuritas recommends five shares for today, namely UNVR, ANTM, JPFA, MAIN, and PYFA.