JCI Thursday Potentially Testing Level 8.200, Check Its Stock Recommendations

Illustration. (Photo: Dok. Antara)

JAKARTA - The composite stock price index (JCI) has the potential to test the level of 8,200 on today's trading, Thursday, February 5, after yesterday closed up 0.29 percent to 8,146.7.

Phintraco Sekuritas in its research explained that technically, the formation of a negative MACD histogram tends to shrink and the stochastic RSI indicator remains in the oversold area.

"So we estimate that the JCI has the potential to test the level of 8,200 on Thursday's trade," wrote Phintraco Securities.

Phintraco Sekuritas explained that BPS will release data on Indonesia's economic growth FY2025 which according to consensus is estimated at 5 percent YoY from 5.3 percent YoY in FY2024.

Meanwhile, the economic growth in the fourth quarter of 2025 is estimated at 5.2 percent YoY and 1.9 percent QoQ from 5.04 percent YoY and 1.43 percent QoQ in the third quarter of 2025.

Investors will pay attention to the Euro Area retail sales data for December 2025 which is estimated to grow 2.3 percent YoY from 2 percent in November 2025, this Thursday.

Investors are also looking forward to the ECB meeting, which is expected to keep the benchmark interest rate at 2.15 percent and the deposit facility rate at 2 percent on Thursday.

The Bank of England meeting is also expected to keep its interest rate at 3.75 percent.

The stocks recommended by Phintraco Sekuritas today are INCO, INDY, MEDC, BRIS, and BTPS.