JCI Thursday Potentially Strengthens, These Five Stocks Could Be Options
JAKARTA - The Composite Stock Price Index (JCI) has the opportunity to strengthen in today's trading, Thursday, November 6, after closing up 0.93 percent yesterday to the level of 8,318.53.
After moving lower at the beginning of the session, the index reversed at the end of yesterday's trading. The strengthening was supported by data on Gross Domestic Product (GDP) in the third quarter of 2025 which was slightly above expectations and anticipation of MSCI rebalancing.
Phintraco Sekuritas in its research assessed that the strengthening of the JCI today was also supported by the release of GDP data according to market expectations. Indonesia's economic growth recorded a slowdown to 1.43% QoQ in the third quarter of 2025, but still slightly above the consensus of 1.4 percent.
The market is also looking forward to the results of the Bank of England meeting as well as industrial data and retail sales from Europe.
"Technically, the JCI is still showing the potential for a short-term increase after the Golden Cross appeared on the MACD indicator and increased purchasing volume," explained Phintraco Sekuritas.
SEE ALSO:
Even so, Phintraco Sekuritas reminded that volatility will still increase following the announcement of the MSCI quarterly review.
"JCI will move to test resistance at 8,350 with a pivot at 8,250 and support at 8,170," explained Phintraco Sekuritas.
The stocks selected by Phintraco for today's trading are MBMA, MAPI, EMTK, WIFI, and PSAB.