JAKARTA - The Composite Stock Price Index (JCI) has the opportunity to strengthen today, Thursday, December 11, after yesterday's increase of 0.51 percent to the level of 8,700.92.
Phintraco Sekuritas in his research explained that a number of economic data and corporate actions of issuers helped support the rebound in the index. Although there was news about the potential failure of the Indonesia-US trade agreement which was signed in July 2025 due to alleged violations of commitment by Indonesia, this sentiment has not put significant pressure on yesterday's trade.
The increase in the prices of several stocks that are holding corporate actions is still the main buffer for index movement. From a technical perspective, MACD's histogram is still in a positive area, while Stochastic RSI forms a death cross with an increase in selling volume. JCI is also still moving above MA5.
"With these conditions, the JCI is expected to move in the range of 8,625 8,750 on Thursday's trading with resistance levels at 8,750, pivot 8,700, and support at 8,600," explained Phintraco Sekuritas.
In terms of domestic macro, Indonesian retail sales grew 4.3 percent YoY in October 2025, higher than 3.7 percent YoY in September and exceeded YoY's 4 percent estimate.
"This is the growth of six consecutive months as well as the highest since July 2025, driven by government stimulus packages that increase purchasing power. Towards the end of the year, consumption is expected to continue to strengthen in line with the celebration of the Nataru holidays and holidays," explained Phintraco Sekuritas.
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From the Asian region, the majority of regional exchanges were corrected on Wednesday. Chinese inflation rose to 0.7 percent YoY in November 2025, the highest level since February 2024. Meanwhile, the futures Wall Street index is relatively stagnant because investors are waiting for the results of the Fed meeting.
For trading this Thursday, Phintraco Sekuritas recommends a number of shares, namely ARTO, PTPP, SMDR, ASSA, and MBMA.
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