JCI Tuesday Projected To Achieve Highest Record

Illustration. (Photo: Doc. Antara)

JAKARTA - The Composite Stock Price Index (HSG) is projected to reach an all-time high (ATH) record in today's trading, Tuesday, September 16. Phintraco Sekuritas in his research said the JCI is expected to move in the resistance range 8,020, pivot 7,950, and support 7,850.

For information, the JCI recorded an all-time high (ATH) closing record at the level of 7,952.08 on trading August 28, 2025. On the same date, the JCI also broke the record high of all time intraday at the level of 8,022.

Phintraco Sekuritas explained that the JCI closed higher at the level of 7,937.12 (1.06 percent) in trading last Monday, despite expectations of a decline in the Fed's interest rate and hopes of improving the domestic economy.

"In addition, there is an economic stimulus package of 8 Acceleration Program 2025 with a total budget of Rp. 16.23 trillion, which is expected to be appreciated by the market in the short term," wrote Phintraco Sekuritas.

Meanwhile, in the medium and long term, Phintraco Sekuritas added, it will depend on the success and effectiveness of its implementation as an effort to encourage economic growth and improve people's welfare.

Globally, Phintraco Sekuritas said, today investors will pay close attention to the data on the unemployment rate in the UK in July 2025 which is estimated to be stable at the level of 4.7 percent.

From Germany will be released the ZEW Economic Sentiment Index data in September 2025 which is expected to drop to level 25 from 34.7 in August 2025 which also decreased due to disappointment with the European Union-US trade-deals.

Meanwhile, from the US, investors will pay close attention to retail sales data in August 2025 which is expected to slow down to 0.3 percent MoM from 0.5 percent MoM, "said Phintraco Sekuritas.

Technically, Phintraco Sekuritas explained, the negative histogram MACD is starting to shrink, which indicates the weakening of selling pressure. Stochastic RSI is experiencing a reversal of the oversold area.

The purchase volume has increased and the JCI remains above the MA20 level. So it is estimated that the JCI today has the opportunity to continue strengthening to test the level of 7,970-8,020," said Phintraco Sekuritas.

The stocks recommended by Phintraco Sekuritas today are TLKM, PWON, BSDE, CTRA and DEWA.