JCI Predictions And Stock Options Today

JAKARTA - The Composite Stock Price Index (JCI) was corrected by 1.3 percent a week ago. At the end of trading, Friday, October 31, the index closed down 0.25 percent to 8,163.

MNC Sekuritas in his research said that the JCI correction in the week was caused by a number of factors, such as the release season of issuers' financial performance and weakening world gold prices. This has an impact on the movement of gold-based issuers in the JCI.

In addition, the meeting between the United States and China in South Korea also affected the movement of the Indonesian stock market. This is a positive sentiment that is expected by the US to cut the increase in Chinese rates.

The cut in benchmark interest rates by the US central bank, The Federal Reserve, also contributed to good sentiment for the global and domestic stock markets. Moreover, the market estimates that the Fed will again cut its benchmark interest rates in December 2025.

However, the discourse of Morgan Stanley Capital International (MSCI) proposing a change in Indonesia's free float calculation is still a scourge for the JCI this week.

Meanwhile, Phintraco Sekuritas in its research added that the factors for closing trading at the end of the month and rebalancing the LQ45 index also affected the JCI movement this week.

China's PMI Manufacturing NBS data, which fell at 49.0 in October 2025 from 49.8 in September 2025, which is the lowest level since April 2025, also contributed sentiment to the index.

Technically, the Stochastic RSI seen by Alrich continued its upward reversal in the pivot area. MACD indicators continue to form a negative histogram, and the JCI persists to be closed over MA5 and MA20.

"JCI will move in the support range of 8,000 and resistance today, 8.280," explained Phintraco Sekuritas.

Investors are also looking forward to PMI manufacturing data, trade balance, and Indonesia's foreign exchange reserves this week.

With these various sentiments, the shares chosen by Phintraco Sekuritas today are PT Telkom Indonesia Tbk (TLKM), PT PP London Sumatra Indonesia Tbk (LSIP), PT Vale Indonesia Tbk (INCO), PT Darma Henwa Tbk (DEWA), PT J Resources Asia Pacific Tbk (PSAB), and PT Semen Indonesia Tbk (SMGR).