Business · Markets · 3 hrs ago
Indonesia’s IHSG Seen Vulnerable to Further Losses
Analysts expect Indonesia’s IHSG may fall in Friday’s trading, although they see some chance of a limited rise.
The IHSG is the country’s main share index, tracking the performance of stocks traded on the Indonesian market.
The index closed at 5,030 on Thursday, up 2.25% from the previous session.
One analyst sees a possible decline toward 4,763–4,807, while another says the index could rise toward 5,143 if it stays above 4,876.
A drop below 4,876 could extend the decline toward 4,737, according to the second analyst.
The different forecasts show that the index’s direction remains uncertain, so investors are watching its support and resistance levels.
The next trading session is Friday, when the index’s movement will test those forecasts.
Indonesia’s Jakarta Composite Index was forecast to remain vulnerable to further losses in Friday, November 6 trading.
MNC Sekuritas analyst Herditya Wicaksana projected a possible correction to between 4,763 and 4,807, while noting a potential rise to resistance at 5,143.
Binaartha Sekuritas analyst Ivan Rosanova said the index could rise to 5,143 if it stayed above 4,876, but could fall to 4,737 if it broke below that level.
The index closed Thursday at 5,030, up 2.25 percent from the previous session.
- Who
- Analysts Herditya Wicaksana of MNC Sekuritas and Ivan Rosanova of Binaartha Sekuritas gave forecasts for the index.
- What
- Indonesia’s Jakarta Composite Index was seen as vulnerable to further losses, with a possible limited recovery.
- When
- The forecast was for trading on Friday, November 6, 2026.
- Where
- Indonesia.
- Why
- Herditya projected a further correction, while Rosanova said a break below 4,876 could extend the decline; both also identified conditions for a possible rise.
This story does not have two clearly opposing sides.
The IHSG closed at 5,030, up 110.49 points, or 2.25 percent, from the previous session.
Analysts forecast the index could correct further, while identifying conditions under which it might rise.
- Thursday close
- 5,030
- Daily change
- Up 110.49 points, or 2.25 percent
- Herditya correction range
- 4,763–4,807
- Rosanova downside level
- 4,737 if the index falls below 4,876
- Potential resistance
- 5,143
What people are saying
The position of the IHSG is expected to remain part of wave (v) of wave [v], so the next correction area can be watched in the range of 4,763-4,807. Although it is still possible for a further rise to test 5,143 as resistance.
The IHSG will open the way to continue the downward trend toward the Fibonacci projection target of 4,737 if it starts falling below 4,876. However, as long as it remains above that level, the IHSG can continue rising to test the daily fractal at 5,143.