Jakarta, hitclubapk3 Indonesia
—
Index
Stock Prices
Combined (
IHSG
) weakened 5.56 points or minus 0.07 percent to 8,414 on Friday (21/11).
Investors made transactions amounting to IDR 16.47 trillion with the number of shares traded amounting to 34.78 billion shares.
In the last week, the stock index strengthened three times, while the remaining two days weakened.Not surprisingly, the index performance was recorded to have strengthened by 0.52 percent throughout last week.
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Meanwhile, Corporate Secretary of the Indonesian Stock Exchange (BEI) Kautsar Primadi Nurahmad said that during the period from 17 to 21 November 2025, stock trading was closed variously.
It was recorded that the stock market capitalization increased by 0.49 percent from IDR 15,316 trillion to IDR 15,391 trillion last week.On the other hand, the average daily transaction volume decreased by 27.20 percent from 53.95 billion to 39.28 billion shares.
Then, the average daily transaction value also decreased by 8.45 percent from IDR 23.34 trillion to IDR 21.37 trillion.
Likewise, the average daily transaction frequency decreased by 14.01 percent from 2.7 million transactions to 2.32 million transactions at the close of last week.
“Today, foreign investors recorded a net selling value of IDR 26.32 billion and throughout 2025, foreign investors recorded a net selling value of IDR 50.32 trillion,” he said in an official statement, Friday (21/11).
So what are the projected JCI movements for the next week?
VP Equity Retail Kiwoom Sekuritas Indonesia Oktavianus Audi estimates that the stock index will move at the beginning of this week
mixed,
but still has the opportunity to strengthen in a limited way within the range
support
8,415 and
resistance
8,460.
He assesses that the market will be influenced by two main sentiments.Externally, the focus is on data releases
cores
US PCE is projected to grow 2.9 percent annually (yoy) as of September 2025.
This data has the potential to make the Fed more careful in deciding to cut the Fed Funds Rate (FFR) in December 2025, even though the probability of a cut of 25 basis points is still at the level of 71 percent based on CME FedWatch.
“Global market sentiment will really depend on how the Fed responds to the core inflation data,” said Oktavianus
hitclubapk3Indonesia.com
, Sunday (23/11).
In addition, weakening energy commodity prices, especially crude oil, are expected to put pressure on the performance of domestic energy issuers.
Based on technical analysis, Oktavianus also recommended several stocks that could be collected.First, PT Bumi Resources Minerals Tbk or BRMS shares closed up 4.21 percent to 990 last week.Oktavianus projects that BRMS will reach the level of 1,065 this week.
Second, Merdeka Copper Gold or MDKA shares closed up 4.61 percent to 2,270 last week.Oktavianus projects that MDKA can reach the 2,400 level this week.
Meanwhile, MNC Sekuritas Technical Analyst Herditya Wicaksana estimates that throughout this week, the stock index is prone to correction, although the weakening is considered to be still limited.It projects the index to move within a range
support
8,276 and
resistance
8,488, in line with market dynamics which are still influenced by a number of factors.
Herditya explained that market movements would be influenced by three main sentiments.First, fluctuations in global commodity prices and movements in the rupiah exchange rate against the US dollar are still considered to be determinants of market direction.
Second, investors are also still paying close attention to the release of US macroeconomic data which is expected to influence the direction of the Fed’s policy.Third, implementation
rebalancing
MSCI also adds to uncertainty in the short term.
“These three sentiments make the JCI move more cautiously in the next few days,” said Herditya.
He also advised investors to pay close attention to several shares from the issuers he recommended.Herditya recommended Astra Motor or ASII shares which closed at level 6,425 last week.He projects that ASII can reach the level of 6,525.
Then, Herditya also recommended shares of Bank Tabungan Negara or BBTN which closed at level 1,185 last week.He projects that BBTN can reach the level of 1,265 this week.
Herditya also recommended TBS Energi Utama or TOBA shares which closed up 2.47 percent to position 855 last week.He projects that TOBA could reach the level of 1,080 this week.
Editor’s Note:
This news is not made to recommend or not recommend certain shares.Investment decisions are completely in the hands of the reader.
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