JCI Friday Menguat Ke Level 8,300, Simak Relomendasi Saham

JAKARTA - The Composite Stock Price Index (JCI) is projected to continue to strengthen towards a psychological level of 8,300 in today's trading, Friday, October 24. Phintraco Sekuritas in his research said that the JCI today will move in the resistance range of 8,300, pivot 8,250, and support 8,200.

Phintraco Sekuritas explained that the JCI closed up 1.49 percent yesterday to the level of 8,274.35. JCI rebounded and had reached an all-time high (ATH) intraday at the level of 8,292.

Phintraco Sekuritas said that positive sentiment, among others, came from the news of Danantara's plan to form a new asset management company resulting from the merger of BBRI, BMRI and BBNI subsidiaries engaged in asset management, which combined is estimated to have managed funds of around US$8 billion.

"This corporate action is expected to be completed in the first quarter of 2026, but the considerations are still ongoing so that there has been no final decision regarding this matter," wrote Phintraco Sekuritas.

Meanwhile, Phintraco Sekuritas explained, the Money Supply M2 data in September 2025 increased 8 percent YoY to Rp9,771.3 trillion, higher than YoY's 7.6 percent growth in August 2025.

Phintraco Sekuritas explained that today the market is waiting for a series of important data. From Europe, English Retail Sales data will be released in September, which is expected to fall 0.2 percent MoM from a 0.5 percent MoM growth in August 2025.

From Germany will be released the HCOB Manufacturing PMI Flash in October 2025 which is estimated to be stable at the level of 49.5. Meanwhile, from the US, inflation data will be released in September, the S&P Global Composite PMI Flash in October 2025, and the Michigan Consumer Sentiment Final index in October 2025.

Technically, Phintraco Sekuritas explained, the negative histogram MACD continued to narrow and Stochastic RSI headed upwards in the pivot area. JCI is closed above MA5 and MA20 levels. The volume of purchases has increased. Thus, the JCI today is estimated to have the potential to continue the increase in testing psychological levels at 8,300.

"However, it is necessary to be aware of the potential for short-term pullback due to profit taking on weekends," added Phintraco Sekuritas.

The stocks recommended by Phintraco Sekuritas today are BBRI, BBYB, ISAT, ERAA and INDF.