JAKARTA - The Jakarta Composite Index (JCI) is predicted to move positively in trading today, Monday, October 6. Phintraco Sekuritas, in its research, predicts the index will test the 8,170 level.
For information, the JCI closed up 0.59 percent at 8,118.30 at the end of last week's trading on Friday, October 3. The technology sector led the gains, while the transportation sector experienced the largest correction.
Phintraco Sekuritas stated that the strengthening of the rupiah against the US dollar and individual corporate actions by several issuers were positive factors driving the increase in the composite index.
Technically, the Stochastic RSI indicator is approaching the oversold area and its decline is sloping, with the potential to form a Golden Cross. This is supported by the negative MACD histogram, which is starting to stabilize and is indicated by buying volume.
"The JCI also closed again above the 5-day moving average (MA5), so the JCI has the potential to continue strengthening and test the resistance level of 8,170 next week," explained Phintraco Sekuritas.
In this week's trading, domestic investors will be closely monitoring foreign exchange reserves data for September 2025, which is expected to increase to USD159 billion from USD150.7 billion in August.
In addition, the September consumer confidence index is expected to increase to 120 from 117.2. Motorcycle sales, August retail sales, and the September car sales report are also in the market spotlight.
The stocks recommended by Phintraco Securities for today include PT Bank BTPN Syariah Tbk (BTPS), PT Astra International Tbk (ASII), PT Trimegah Bangun Persada Tbk (NCKL), PT XLSmart Telecom Sejahtera Tbk (EXCL), PT Aspirasi Hidup Indonesia Tbk (ACES), and PT Midi Utama Indonesia Tbk (MIDI).
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