JCI Thursday is Predicted to Continue to Strengthen Touching the Highest Level Again, Check the Stock Recommendations

Illustration. (Photo: Dok. Antara)

JAKARTA - The Composite Stock Price Index (JCI) is predicted to continue strengthening and touch the highest level (all time high/ATH) again in today's trading, Thursday, January 15, after yesterday rose 0.94 percent to 9,032.5. JCI yesterday reached a new intraday high at 9,049.

Phintraco Sekuritas in its research explained that the expectation of continued decline in the Fed's interest rates, rising commodity prices, the inflow of foreign investor funds, and corporate actions of issuers are factors that drive the strengthening of the JCI.

The rupiah also closed stronger at Rp16,865 per US dollar in the spot market yesterday. Technically, there was a positive IHSG Golden Cross and a positive MACD histogram widening.

"So it is estimated that the JCI still has the potential to continue strengthening to test the level of 9,070-9,100," wrote Phintraco Sekuritas.

Even so, Phintraco Sekuritas said, it was necessary to watch out for the potential for profit taking in Thursday's trading ahead of the long weekend.

The Prabowo presidency will revive the coal gasification project into dimethyl ether (DME) this year. This downstream step aims to create a substitute for liquefied petroleum gas (LPG).

Meanwhile, MIND ID and Pertamina are working together to accelerate the downstream processing of coal into various alternative energy products, including DMW, synthetic natural gas (SNG) and methanol. This policy has the potential to have a positive impact on coal emitters who sell domestically.

The majority of indexes on Asian exchanges closed higher on Wednesday. The index on the Japanese exchange, which closed at a record high, was driven by expectations that the Japanese Prime Minister could hold a by-election in February.

The phenomenon in Japan today is known as the Takaichi trade, which is a weakening of the Japanese yen, a decline in bond prices and a strong stock market, because PM Takaichi is expected to implement policies that will boost the economy.

Meanwhile, China's trade balance posted a surplus of 1.19 trillion US dollars in 2025 with exports growing 5.5 percent and imports stagnant.

Facing tariffs from Trump, China shifted its exports from the US market to the EU and Southeast Asian markets. The index on the European exchange opened mixed on Wednesday.

Investors are looking forward to a meeting between Greenland and the US this week, as the US President Donald Trump continues to push for the takeover of Greenland.

The stocks recommended by Phintraco Sekuritas today are BRIS, BMRI, BBTN, PSAB, and SSIA.