Can the IHSG Stage a Recovery Day? Analysts' Recommendations

JAKARTA, KOMPAS.com - The Jakarta Composite Index (IHSG) remains in a downtrend amid external and domestic sentiment pressures. For trading on Thursday (21 May 2026), the index is expected to move higher, albeit with limited upside. It was noted that IHSG closed in the red at the end of Wednesday’s session (20 April 2026), sliding 0.82 percent or 52 points to 6,319. Technical analyst Herditya Wicaksana of MNC Sekuritas said the IHSG has the potential to edge up modestly on Thursday this week with a support area at 6,184 and resistance at 6,388. Additionally, the market remains shadowed by sentiment around mining sector regulations which could affect commodity-based shares. ‘IHSG is still in its downtrend phase, and tomorrow (Thursday) we expect a limited rise with support 6,184 and resistance 6,388, although the market seems likely to remain pressured by MSCI rebalancing and mining regulations,’ Herditya told Kompas.com on Wednesday night. Amid these conditions, he recommended a number of stocks for retail investors to watch; Meanwhile, BRI Danareksa Sekuritas recommended several stocks for trading on Thursday.