Business · Markets · 3 hrs ago
Analysts See Indonesia’s Stock Index at Risk of Further Losses
Analysts expect Indonesia’s IHSG stock index to remain under pressure on Friday, though one sees a chance of an early rise before further losses.
The index fell 1.33% to 5,863 on Thursday, with 567 stocks down, 108 up and 120 unchanged.
MNC Sekuritas analyst Herditya Wicaksana said the index could fall to between 5,744 and 5,794, but might first rise as high as 5,864–5,883.
Binaartha Sekuritas analyst Ivan Rosanova said a Friday close at 5,850 or higher could make a rebound next week more likely.
He said Friday’s close would help indicate the index’s next direction.
These are analysts’ forecasts, not a certainty about how the market will move.
Indonesia’s Jakarta Composite Index is forecast to remain vulnerable to further losses in Friday trading.
MNC Sekuritas analyst Herditya Wicaksana said the index could first rise before continuing to weaken.
Binaartha Sekuritas analyst Ivan Rosanova said a Friday close at 5,850 or higher would increase the chance of a rebound next week.
The index closed at 5,863 on Thursday, down 79.24 points, or 1.33 percent.
- Who
- Analysts Herditya Wicaksana of MNC Sekuritas and Ivan Rosanova of Binaartha Sekuritas.
- What
- They forecast possible further weakness in Indonesia’s Jakarta Composite Index, with a possible rebound under certain conditions.
- When
- The forecast is for Friday, October 16, 2026; Rosanova also discussed the following week.
- Where
- Indonesia.
- Why
- Herditya said the index remained at risk of a short-term correction. Rosanova said a Friday close at 5,850 or higher would make a rebound next week more likely.
This story does not have two clearly opposing sides.
The Jakarta Composite Index closed at 5,863, down 79.24 points, or 1.33 percent.
Analysts forecast the index’s movement, with Herditya warning of correction risk and Rosanova identifying 5,850 as a level that could favor a rebound the following week.
- Thursday close
- 5,863
- Daily change
- Down 79.24 points, or 1.33 percent
- Herditya’s correction range
- 5,744-5,794
- Herditya’s possible initial rise
- 5,864-5,883
- Rosanova’s rebound threshold
- A close of 5,850 or higher
1 source
What people are saying
The JCI is expected to be in wave v of wave a of wave (x) on the black label, so it is vulnerable to a correction into the 5,744-5,794 range. However, in the best-case scenario, the JCI could first rise toward 5,864-5,883.
If the JCI closes at 5,850 or higher, the chance of a rebound next week will increase.