JAKARTA - The Composite Stock Price Index (JCI) will fluctuate in today's trading, Tuesday, September 30. Phintraco Sekuritas in its research estimates that the index will move in the resistance range 8,170, pivot 8,150, and support 8,070.
Phintraco Sekuritas explained that the JCI closed higher at the level of 8.123.25 (0.30 percent) in trading last Monday. Shares in the raw goods sector posted the largest strengthening, while stocks in the technology sector experienced the biggest correction.
"The expectations for the continued decline in the Fed's interest rate this year, in line with US inflation which is still as expected, are a positive factor," wrote Phintraco Sekuritas.
According to Phintraco Sekuritas, this expectation has pushed the increase in gold prices to a new high, thus encouraging the strengthening of related stocks again.
In addition, continued Phintraco Sekuritas, positive sentiment of the JCI also came from strengthening the rupiah on Monday, September 29, in line with the weakening of the USD index due to expectations of lowering the Fed interest rate and potential government shutdown in the US.
Globally, Phintraco Sekuritas said investors were watching the NBS Manufacturing PMI data from China, which is expected to rise slightly at the level of 49.6 from 49.4 in August 2025. Meanwhile, from Germany, a Retail Sales data will be released in August, which is estimated to grow 0.6 percent MoM, after a 1.5 percent decline in the previous month.
Not only that, Phintraco Sekuritas said, investors are also looking forward to data on preliminary inflation from Germany in September 2025 which is estimated to increase slightly to 2.3 percent YoY from 2.2 percent YoY in August 2025. Meanwhile, from the US, data on JOLT's Job Openings in August is estimated at 7.1 million from 7.18 million.
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Technically, Phintraco Sekuritas explained, the RSI Stochastic indicator moving towards the MACD positive pivot and histogram began to slope. While the selling volume is more dominant. However, the JCI still survives above the MA5 level.
"Thus, today's JCI is expected to move mixed in the range of 8,070-8,170," said Phintraco Sekuritas.
The stocks recommended by Phintraco Sekuritas today are PANI, ESSA, HRUM, ADMR and ADRO.
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