JCI Early Week Overshadowed By Domestic And Global Sentiments, These Six Stocks Are Worth Paying Attention To

Illustration. (Photo: Doc. Antara)

JAKARTA - The Composite Stock Price Index (JCI) will still be overshadowed by domestic and global sentiment in today's trading, Monday, October 20, after last weekend's drop of 2.57 percent or decreased by 209.10 points to the level of 7,915.65.

Phintraco Sekuritas observed that the weakening of the JCI was amidst increasing global risks due to rising tensions in China's trade war (US).

"As well as the prolonged sentiment of government shutdown in the US, further profit taking of conglomeration stocks has previously strengthened significantly," explained Phintraco Sekuritas in his research.

The plan from the authorities regarding the provisions of the new free float and firm action against stock frieders, prompted profit-taking of stocks that had experienced a significant increase.

Phintraco Sekuritas explained, this week investors will look forward to the results of the Bank Indonesia Board of Governors Meeting (RDG) on October 22, 2025. Where the consensus projects that there will be a 25 bps reduction in the benchmark interest rate.

In addition, investors will also wait for credit growth data in September which is scheduled to be released on October 22, 2025 and M2 Money Supply data from September 23 on October 2025.

Technically, the negative slope of MACD is widening in the JCI. Meanwhile, the Stochastic RSI is in the oversold area, but has not indicated a reversal.

"JCI has closed the gap at 7,855, but is currently still below the psychological level of 8,000, so it is estimated that the JCI still has the potential to test support levels at 7,7257,780," explained Phintraco Sekuritas.

The stocks recommended by Phintraco Sekuritas for this week are MIKA, LSIP, TKIM, MAIN, BTPS and SIDO.