JAKARTA - The Composite Stock Price Index (JCI) has the potential to weaken in today's trading, Friday, November 20, after closing up 13.34 points or 0.16 percent yesterday to the level of 8,419.91.
Phintraco Sekuritas, in his research, said that the JCI movement was influenced by a number of important domestic data. For example, Indonesia's current account balance recorded a surplus of 4 billion US dollars in the third quarter of 2025 from a deficit of 2.7 billion US dollars in the second quarter of 2025. This is the first transaction balance surplus since the first quarter of 2023 and the largest since the third quarter of 2022, supported by an increase in non-oil and gas exports.
In addition, capital and financial transactions recorded a deficit of US$8.1 billion in the third quarter of 2025, so that the Indonesia Payment Balance (NPI) recorded a deficit of US$6.4 billion in the third quarter of 2025 with a foreign exchange reserve position of 148.7 billion US dollars in September 2025.
Phintraco Sekuritas explained technically, the JCI formed a shooting star candlestick indicating a potential reversal in the direction of the trend, accompanied by a Stochastic RSI moving towards the pivot area.
"So we estimate the JCI has the potential to weaken towards the level of 8,350-8,400 on Friday's trading," he explained.
A number of sentiments that will affect today's index movement, among others from the UK, will be released retail sales data October 2025 which is estimated to slow down to 0.1 percent MoM from 0.5 percent MoM in September 2025.
The UK's S&P Global Manufacturing PMI Flash in November 2025 is expected to drop to 49.5 from 49.7 in October 2025. Meanwhile, from Germany, HCOB Manufacturing PMI Flash will be released in November 2025 which is expected to rise to a level of 50.1 from 49.6 in October 2025.
BACA JUGA:
From the US, the S&P Global Composite PMI Flash index in November 2025 is expected to drop to 53.8 from 54.6 in October 2025. Meanwhile, the Michigan Consumer Sentiment Final in November 2025 is expected to drop to level 50.3 from 53.6 in October 2025.
The main preferred stocks of Phintraco Sekuritas for today's trading include GZCO, WIFI, INKP, BBYB, and MEDC.
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