Market Players Still Wait And See Ahead Of RDG BI, This Is The JCI Prediction At The Beginning Of The Week

JAKARTA - The Composite Stock Price Index (JCI) is projected to move mixed at the beginning of this week, Monday, November 17. Phintraco Sekuritas in his research said that market participants chose to wait and see while waiting for the results of the Bank Indonesia Board of Governors' Meeting (RDG) on November 19, 2025.

"JCI is projected at the resistance level of 8,425, pivot at 8,400, and support at 8,300," explained Phintraco Sekuritas.

In trading last Friday, November 14, the JCI closed slightly down 1.56 points or 0.02 percent to the level of 8,370.44. Within a week, the index corrected about 0.29 percent. The pressure also came from the compact Asian exchange which weakened following negative Wall Street sentiment.

JCI had strengthened at the beginning of the session but turned lower towards closing. The industrial sector is the main weight, while infrastructure is the support with the highest strengthening.

Technical signals show a weakening of momentum. The MACD Histogram is still positive but prone to forming a death cross, the Stochastic RSI is in the overbought area, and the selling volume is dominant.

"JCI still has the potential to weaken to test the 8,300 level of 8,325 in the short term," he said.

Market participants this week will look forward to the decision of the BI RDG, as well as credit growth data and M2 Money Supply released November 19, 2025.

From external, China's economic slowdown put additional pressure after growth in October's industrial production fell to 4.9 percent from 6.5 percent the previous month. China's retail sales were also almost stagnant at 2.9 percent

Meanwhile, MNC Sekuritas in its research projects that the JCI is still prone to correction in its consolidation phase with support at the level of 8,338 and resistance at the level of 8,442.

The JCI's direction in Monday's trading will be influenced by the movement of the rupiah exchange rate against the US dollar which is estimated to strengthen and the movement of gold prices prone to corrections.

"Investors will also pay close attention to the effects after the government shutdown and policies of the Fed," said MNC Sekuritas.

There are several stocks that investors can observe, including PT ESSA Industries Indonesia Tbk (ESSA) with a target price in the range of IDR 710-IDR 760 per share, PT Sawit Sumbermas Sarana Tbk (SSMS) with a target price of IDR 1,570-IDR 1,690 per share, and PT Wintermar Offshore Marine Tbk (WIND) with a target price of IDR 454-478 per share.