JCI Has A Chance To Go To Level 8,500, Check Out Today's Stock Recommendations
JAKARTA - The Composite Stock Price Index (JCI) has the opportunity to strengthen today, Thursday, November 13, after yesterday ending trading in the green zone with an increase of 0.26 percent to the level of 8,388.57.
Phintraco Sekuritas in his research said that the increase in the JCI occurred amidst the weakening of the rupiah exchange rate to Rp. 16,717 per US dollar. However, positive sentiment from improving domestic economic data and government stimulus has succeeded in supporting the stock market rate.
"The trend of interest rates is starting to decline and the potential for additional stimulus from the government is a positive catalyst for the market. Bank Indonesia is still opening up opportunities for lower benchmark interest rates to 50 basis points until March 2026. This can maintain liquidity and encourage investment activities," explained Phintraco Sekuritas.
In addition to macroeconomic factors, the rise of corporate actions such as stock buyback, distribution of interim dividends, rights issue, private placement, and acquisition of issuers also strengthen market sentiment. From a global perspective, market participants are waiting for the release of British economic growth data in the third quarter of 2025 and data on the production of the euro zone industry in September 2025.
Both data are expected to show moderate improvement that can maintain optimism for Europe's economic recovery.
Technically, Phintraco Sekuritas assesses that the JCI is still in a short to long-term bullish trend. The index is still moving above MA5, MA20, and MA50, and is supported by positive MACD indicators.
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However, the Stochastic RSI indicator shows the overbought area and JCI approaching the Upper Bollinger Band, so that the potential for short-term corrections is still open.
JCI has the potential to move consolidatively in the range of 8,350 8,450. If it penetrates the 8,450 level with sufficient volume, the opportunity to go to the psychological level is 8,500 open," explained Phintraco Sekuritas.
The stocks recommended by Phintraco Sekuritas today are ELSA, INKP, TKIM, AKRA, and MYOR.