JAKARTA - The Composite Stock Price Index (JCI) has the opportunity to strengthen today, Friday, October 10, after closing up 1.04 percent yesterday to 8,250.
Phintraco Sekuritas in his research observed that the signal of window dressing has also begun to appear. A little information, window dressing is a strategy to beautify performance at the end of the reporting period towards the end of the year or quarter by buying superior shares.
"Given the historical average over the past 10 years, the JCI tends to record a positive performance in October," explained Phintraco Sekuritas.
In addition, the JCI rate was influenced by domestic retail sales in August 2025 of 3.5 percent on an annual basis (YoY), weakening compared to the previous month which grew 4.7 percent YoY as of July 2025.
Technically, Phintraco Sekuritas sees the MACD indicator forming a golden cross and the Stochastic RSI indicator returning to the top in the pivot area. JCI today is able to stay above the 8,200 level, accompanied by a purchase volume.
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"Thus, the JCI has the opportunity to continue to strengthen to test support levels of 8,150 and resistance 8,300. However, it is necessary to be aware of the potential for short-term pullback due to profit taking on weekends," explained Phintraco Sekuritas.
The stocks chosen by Phintraco Sekuritas today are PT Bank Syariah Indonesia Tbk (BRIS), PT Sarana Menara Nusantara Tbk (TOWR), PT Eagle High Plantations Tbk (BWPT), PT Astra Agro Lestari Tbk (AALI), and PT Bank Tabungan Negara Tbk (BBTN).
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