JAKARTA - The Composite Stock Price Index (JCI) is projected to continue to strengthen in the closing trading of the 2025 stock exchange today, Tuesday, December 30, after rising 1.25 percent to 8,644.26.
Phintraco Sekuritas in its research said the consumer cyclical sector was the main support for the strengthening of the JCI, while the technology sector was the only sector recorded to weaken.
From a technical perspective, the strengthening signal of the JCI is still quite solid. The Stochastic RSI indicator forms a golden cross in the oversold area, accompanied by a narrowing of the negative slope on MACD and an increase in buying volume. In addition, the JCI also managed to close above the 5-day moving average (MA5) and MA20.
"With this condition, the JCI has the potential to continue strengthening to test resistance in the range of 8,670 to 8,725, as long as it can survive above the pivot level of 8,630," he said in a research.
Meanwhile, external pressure still comes from exchange rate movements. The rupiah closed at a weakened level of Rp16,788 per US dollar in the spot market, in line with the strengthening of the US dollar index. A number of other Asian currencies also weakened, except for the Japanese yen, Taiwan dollar, and South Korean won.
Entering the beginning of 2026, market participants will pay attention to a number of domestic economic data. The December 2025 S&P Global Manufacturing PMI Indonesia index is expected to rise to 53.6 from 53.3 in November 2025. Meanwhile, December 2025 inflation is estimated at 0.2 percent on a monthly basis, so that annual inflation is projected to decline to 2.5 percent from 2.72 percent in November. Core inflation is also expected to fall to 2.2 percent on an annual basis.
From the outside, investors will look forward to the release of the S&P Case-Shiller Home Price Index for the United States in October 2025, which is expected to rise 1.3 percent year-on-year, as well as the publication of the FOMC minutes for the Fed's December 2025 meeting. In addition, data on China's NBS Manufacturing PMI for December 2025 will also be of concern, which is expected to rise to 49.5.
The stocks recommended by Phintraco Sekuritas on the last trading day of 2025 include BBRI, PTRO, BREN, ADMR, and AMMN.
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