JCI End Of Week Has Limited Strengthening, These Three Stocks Are Recommended

Illustration. (Photo: Doc. Antara)

JAKARTA - The Composite Stock Price Index (JCI) is predicted to strengthen slightly today, Friday, October 17, after successfully parking in the green zone after being corrected for three consecutive days.

JCI strengthened 0.91 percent or increased 73.58 points to the level of 8,124.75 at the close of trading last Thursday. The total volume of stock trading on the IDX on Thursday reached 26.96 billion with a transaction value of IDR 19.31 trillion.

There are 412 stocks that rose, 250 stocks fell and 141 stocks were stagnant.

MNC Sekuritas in his research saw that the strengthening of the JCI today was supported by the movement of banking issuers who were also moving higher.

"As well as strengthening global and regional exchanges, the majority of which are also strengthening amid the easing of tensions in the trade wars between the United States (US) and China," explained MNC Sekuritas.

MNC Sekuritas estimates that the JCI today has a limited chance of strengthening with support at 8,101 and resistance at 8,148.

"Investors will still pay close attention to the trade war and the Fed's statement, coupled with a catalyst for banks ahead of the release of the performance in the third quarter of 2025," he said.

Meanwhile, MNC Sekuritas advises investors to pay close attention to INKP shares with a target price of Rp7,800 - Rp8,175 per share, BRIS Rp2,600 - Rp2,670 per share, and CMRY Rp5,125 - Rp5,275 per share.