JCI Is Projected To Strengthen Again At The Beginning Of The Week, Here Are Sentiments And Stock Recommendations

JAKARTA - The Composite Stock Price Index (JCI) is expected to strengthen again in today's trading. Monday, November 24, after closing last week with a slight strengthening.

BRI Danareksa Sekuritas, in his research assessed that the JCI has the opportunity to continue strengthening at the beginning of the week. Technically, the index is estimated to move in the support range of 8,335-8,366 and resistance 8,442-8,478.

Global sentiment this week will be heavily influenced by the release of the Producer Price Index (PPI) and the sale of US retailers. Both of these data serve as important references for the market to read the policy direction of the Fed's interest rate.

If the data is higher than expectations, the hawkish narrative can strengthen. On the other hand, if it weakens, the market can again see easing opportunities," he said.

In addition, geopolitical tensions between Japan and China still need to be observed. Reza assessed that the dynamics could add to the volatility of the Asian market in the short term.

From the domestic side, the focus of investors will be on a number of large issuer corporate actions, ranging from rights issues to acquisition actions. Reza said this sentiment is still quite dominant and can be a driving force for the movement of certain sectors.

"MSCI's rebalancing in November 2025 also has the potential to increase volatility, especially in stocks that enter or leave the index," he explained.

For the choice sector, Reza assessed that banking stocks, CPO, and issuers who are currently carrying out corporate actions have the potential to lead the strengthening of the JCI in the near future. All three are considered to have strong catalysts that are relevant to current market conditions.

BRI Danareksa Sekuritas advised investors to continue to pay attention to the momentum of global data releases and the movement of funds ahead of MSCI's rebalancing. The gradual accumulation strategy in strong-fundamental stocks is considered still optimal, especially in sectors that are sensitive to liquidity and short-term sentiment.

"This week the volatility can increase, so the momentum of fast movement can be used for measurable trading," concluded BRI Danareksa Sekuritas.