JCI On Wednesday Potentially Weakening Again, This Row Of Stocks Is Recommended

Illustration. (Photo: Doc. Antara)

JAKARTA - The Composite Stock Price Index (JCI) is predicted to continue to weaken today, Wednesday, October 1. Phintraco Sekuritas in its research estimates that the index will move in the resistance range of 8,150, pivot 8,100, and support 8,020.

Phintraco Sekuritas explained that the JCI closed lower at the level of 8,061.06 (0.77 percent) on Tuesday's trading. Shares of the transportation sector experienced the largest correction, while the property sector shares recorded the largest strengthening.

"Rupiah moved slightly stronger against the US dollar," wrote Phintraco Sekuritas.

Phintraco Sekuritas added that the Asian exchange index closed mixed yesterday, after China's PMI manufacturing data in September contracted for the most consecutive six months, despite recording an increase from the previous month and above market forecasts.

Furthermore, Phintraco Sekuritas said investors would pay close attention to economic data, namely between the PMI manufacturing index in September 2025, the September trade balance and inflation which was released today.

Technically, Phintraco Sekuritas explained, MACD's positive histogram is shrinking and MACD has the potential to experience Death Cross, which is supported by a more dominant selling pressure. JCI is closed below the MA5 level at around 8,090. RSI's Stochastic Indicator is heading towards the pivot.

"Thus, today's JCI is estimated to have the potential to weaken to test support at 8,000-8,020," said Phintraco Sekuritas.

From Europe, added Phintraco Sekuritas, today investors will pay close attention to inflation data in September 2025 which is expected to rise at the level of 2.2 percent YoY from 2 percent in August 2025. Meanwhile, core inflation is estimated to remain at the level of 2.3 percent YoY.

From the US, investors will look forward to the PMI Manufacturing ISM index in September 2025 which is expected to rise slightly in 49 out of 48.7 in August 2025, after six months of successive contractions.

Phintraco Sekuritas recommends the shares of two issuers of Happy Hapsoro potential cuan, namely RAJA and RATU. In addition, AMRT, ASRI and KRAS shares are also recommended by Phintraco Sekuritas.