JCI Early Weeks Of Level Tests To 8,700, Check Out Stock Recommendations

Illustration. (Photo: Doc. Antara)

JAKARTA - The Composite Stock Price Index (JCI) is projected to test the psychological level at 8,700 today, Monday, December 8. Phintraco Sekuritas in its research said the index would move in the resistance range of 8,700, pivot 8,600, and support 8,550.

Phintraco Sekuritas explained that stock indexes on Wall Street were closed higher last week, mainly driven by optimism for the Fed's decline in interest rates on December 9-10, 2025.

The PCE price index, which is an indicator of Fed inflation, was recorded at 2.8 percent YoY in September 2025 from 2.7 percent YoY in August 2025, but according to estimates. The Michigan Consumer Sentiment Preliminary Index in December rose to 53.5 from 51 in November 2025.

"The price of gold in the spot market had strengthened 1 percent to the level of 4,212 US dollars per ounce troy and the price of silver rose again to a new high at US$59 ounces," wrote Phintraco Sekuritas.

This week, Phintraco Sekuritas said, the focus of global market attention will be on the Fed meeting Tuesday-Wednesday US (US), on December 9-10, 2025. The last meeting this year is expected to lower interest rates for the third time this year by 25 bps to 3.75 percent.

In addition, investors will also look forward to the latest economic projection release from the Fed. Investors also predict that the Fed will still have the opportunity to lower interest rates by two to three times next year due to the weakening labor market," added Phintraco Sekuritas.

Domestically, Phintraco Sekuritas said, a number of economic indicator data will be released, namely motorcycle sales in November 2025, Consumer Confidence Index in November 2025, and retail sales in October 2025.

"Technically, the JCI this week is still at the uptrend. If the Fed lowers interest rates, it is estimated that the JCI this week has the potential to test psychological levels at 8,700," said Phintraco Sekuritas.

The stocks recommended by Phintraco Sekuritas are PNLF, TLKM, MEDC, ADMR, MBMA and PGEO.