JCI Is Projected To Continue Strengthening On Friday, Five Deserved Shares Are Options
JAKARTA - The Composite Stock Price Index (JCI) is projected to continue to strengthen in today's trading, Friday, December 5, after closing up 0.33 percent yesterday to the level of 8,640.20.
Phintraco Sekuritas in his research Alrich Paskalis Tambolang, explained that technical indicators support opportunities for further strengthening of the index today.
"The RSI's stochastic strengthens in the pivot area and MACD's histogram is still positive, so the JCI has the potential to test resistance from 8.650 to 8.670," explained Phintraco Sekuritas.
Today, Phintraco Sekuritas has set resistance areas at 8,670, pivot 8,600, and support 8,550. On the other hand, the rupiah weakened to IDR 16,653 per US dollar on Thursday, as the dollar strengthened against Asian currencies.
The market is now awaiting the release of November foreign exchange reserves that will come out on Friday. The flash floods in Sumatra have the potential to put minor pressure on economic growth in the fourth quarter of 2025, which is estimated to be below the government's target of some economists.
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Meanwhile, the Minister of Finance Purbaya ensured that there would be no withdrawal of Rp276 trillion in funds placed in Himbara and one BPD.
From external means, the majority of Asian and European exchanges have strengthened due to the increasing expectations of the Federal Reserve policy, while negotiations for peace between Ukraine and Russia continue.
For Friday's trading, Phintraco Sekuritas recommends shares of BBRI, SSIA, ULTJ, MYOR, and ERAA.