JCI Tuesday Potentially Strengthens Again And Sets A Record, These Stocks Are Recommended

Illustration. (Photo: Doc. Antara)

JAKARTA - The Composite Stock Price Index (JCI) has the opportunity to strengthen again in today's trading, Tuesday, December 9, after yesterday's record was set and rose 0.9 percent to the level of 8,710.7.

Throughout trading, the JCI even touched a record high new intraday at the level of 8,720. The health sector leads the strengthening, while the industrial sector is the only sector that has weakened. On the other hand, the rupiah weakened slightly to Rp. 16,695 per US dollar in the spot market.

In his research, Phintraco Sekuritas assessed that technical signals still support the strengthening of the JCI.

"MACD and Stochastic RSI are still moving positively and supported by an increase in purchasing volume, so the momentum for strengthening the JCI is still maintained," explained Phintraco Sekuritas.

The indicators of MACD and Stochastic RSI are leading positively, reinforced by an increase in purchasing volume which shows that interest in investor accumulation is still strong. With these conditions, the JCI is expected to have a chance of strengthening in the range of 8,750 to 8,800 on Tuesday's trading. The resistance levels are at 8,800, pivots at 8,700, and support at 8,600.

Market participants also positively welcomed the trend of domestic consumption recovery. It can be seen from the number of domestic motorcycle sales growing 2.1 percent on an annual basis in November 2025 after recording growth of 8.4 percent YoY in October. Although monthly decreased 11.3 percent on a monthly basis, total sales from January to November continued to increase by 0.4 percent on an annual basis and have reached 89-93 percent of the AISI target this year.

The growth in motorcycle sales towards the end of the year reflects the purchasing power that is starting to strengthen along with the decline in government interest rates and stimulus.

"The increase in vehicle sales shows household consumption is starting to recover gradually," explained Phintraco Sekuritas.

Investors are also waiting for the release of a number of economic data that has the potential to affect the direction of the JCI. Among other things, the November Consumer Confidence Index is expected to rise to 122 from 121.2 in October, as well as October retail sales data which is projected to grow 4% YoY.

From the United States, attention is focused on releasing JOLT's Job Openings data for September to October.

With these sentiments, Phintraco Sekuritas recommends a number of selected stocks for today's trading, namely HRUM, INDY, BUMI, INKP, and INCO.