JCI Tuesday Potentially Continues To Strengthen, These Stocks Are Worth Looking At

JAKARTA - The Composite Stock Price Index is projected to continue to strengthen today, Tuesday 18 November. Phintraco Sekuritas in its research estimates that the index will move in the resistance range 8,480, pivot 8,450, and support 8,400.

Phintraco Sekuritas explained that the JCI closed higher by 0.55 percent yesterday to the level of 8,416.88. The shares of the property sector posted the largest strengthening, while the basic material sector shares recorded the largest corrections.

Phintraco Sekuritas assessed that the rupiah closed lower around the level of Rp. 16,736 per US dollar, along with the strengthening of the US Dollar index due to comments from Fed officials who tended to hawkish, weakening hopes for a reduction in Fed interest rates in December 2025.

"The tendency to weaken the Rupiah is expected to make Bank Indonesia potentially still maintain the BI Rate at the level of 4.75% in the RDG 18-19 this November," wrote Phintraco Sekuritas.

Meanwhile, the government increased government funds in banks, namely Rp25 trillion each placed in BMRI, BBRI and BBNI, and Rp1 trillion in Bank Jakarta.

Phintraco Sekuritas explained that the Asian stock index closed mixed on Monday's trading kemwrin. Investors watched the increasing political tensions between China and Japan, after China warned its citizens about travel plans and studies in Japan.

China's Ministry of Education stated an increased safety risk for Chinese citizens in Japan, said Phintraco Sekuritas.

Meanwhile, Phintraco Sekuritas added, Japan's economic growth data contracted 0.4 percent QoQ in the third quarter of 2025 from growing 0.6 percent QoQ in the second quarter of 2025, but still better than the estimated development of 0.6 percent QoQ.

"This is the first contraction since the first quarter of 2024, due to weakening public consumption amid rising price pressure," explained Phintraco Sekuritas.

Technically, Phintraco Sekuritas explained, JCI survives above the MA5 level. The positive Histogram MACD has increased again. The Stochastic RSI indicator formed the Golden Cross in the overbought area.

"Thus, the JCI today has the potential to continue strengthening testing the 8,450-8,480 level," said Phintraco Sekuritas.

Phintraco Sekuritas recommends five shares today, namely BBRI, ASII, ASRI, MYOR, AND WIIM.