JCI Tuesday Has The Opportunity To Continue Strengthening To Level 8,600

JAKARTA - The Composite Stock Price Index (JCI) has the opportunity to continue strengthening in today's trading, Tuesday, November 25, after yesterday's increase of 1.85 percent to 8.570.25 while scoring a new/all time high (ATH) high level.

The increase was mainly driven by the MSCI November 2025 rebalancing effect which took effect yesterday. Phintraco Sekuritas in his research explained that the inclusion of BREN and BRMS shares into the MSCI Global Standard Index became a strong catalyst for the JCI rally because it pushed the purchase flow from global investors.

"MSCI's rebalancing provides a significant boost, especially on stocks experiencing weight adjustment and entering the index," explained Phintraco Sekuritas.

In addition, the rupiah is also strengthening along with the positive movement of Asian currencies amid expectations of lowering the Fed interest rate. The next external sentiment that will be observed by the market is the release of US economic data, including PPI and September retail sales which were delayed due to government shutdown.

Domestically, the market also follows developments in the preparation of the Draft Government Regulation (RPP) for the Demutualization of the Stock Exchange.

This policy will change the ownership structure of the IDX which has been based on a mutual company that can be owned more widely. This transformation is expected to strengthen governance while at the same time supporting increased market liquidity.

Technically, the JCI has exited the consolidation area and is moving stably above the MA5. The MACD and Stochastic RSI indicators confirmed further opportunities for strengthening.

"Technically, the JCI has the potential to continue a positive trend to the 8,600 area in the short term," explained Phintraco Sekuritas.

The stocks recommended by Phintraco Sekuritas today are MEDC, TLKM, BBCA, BMRI, and UNVR.