JAKARTA - The Composite Stock Price Index (JCI) has the potential to strengthen in today's trading, Thursday, October 30, after yesterday's increase of 73.59 points or 0.91 percent to the level of 8,166.22.
Phintraco Sekuritas in his research said yesterday's index strengthening was supported by the strengthening of large banking and mining shares.
Another positive sentiment comes from the expectations of lowering the Fed interest rate, the existence of an incentive plan from Bank Indonesia in the form of a decrease in the Minimum Mandatory Giro (GWM) for banks that lower credit interest rates faster starting December 1, 2025, expectations will begin to recover domestically in the fourth quarter of 2025, as well as indications of a rebound in the price of gold commodities.
Technically, Phintraco Sekuritas explained that the MACD histogram is still in the negative area and the Stochastic RSI is still heading down in the pivot area.
However, the purchase volume shows an increase strengthened by the A/D line which indicates an accumulation. JCI is closed above the MA20 level, but it is still below the MA5 level.
"So it is estimated that the JCI in the short term tends to move higher and test resistance 8,200-8,250," explained Phintraco Sekuritas.
For today's trading, investors are looking forward to the results of the Bank of Japan meeting which is expected to keep the benchmark interest rate at the level of 0.5 percent.
From Germany will be released data on economic growth in the third quarter of 2025 which is estimated to grow 0.3 percent YoY from 0.2 percent YoY in the second quarter of 2025.
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In addition, German inflation data will be released in October 2025, which is expected to slow down to 2.2 percent YoY from 2.4 percent YoY in September 2025. Meanwhile, from the Euro Area, economic growth data for the third quarter of 2025 will also be released, which is estimated to be 1.2 percent YoY from 5 percent YoY in the second quarter of 2025.
The European Central Bank (ECB) will also hold a meeting to discuss its monetary policy, which is expected to keep the benchmark interest at 2.15 percent.
The stocks recommended by Phintraco Sekuritas for today's trading are BMRI. BBTN, ANTM, PSAB, HRUM and ASII.
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