Can the JCI Rebound? A Look at Today’s Stock Recommendations
Jakarta, KOMPAS.com – The Jakarta Composite Index (IHSG) is expected to remain under pressure in trading on Wednesday (4 March 2026), after the index fell by 77.07 points or 0.96 percent to 7,939.
Maximilianus Nico Demus, Associate Director of Research and Investment at Pilarmas Investindo Sekuritas, estimates that the IHSG will weaken only modestly, with support at 7,860 and resistance at 8,150.
The pressure on IHSG is still caused by the escalation of the conflict between Iran and Israel.
Nico notes that global sentiment has begun to ease somewhat, although geopolitical tensions and trade frictions continue to shadow the market.
Trump said his administration, together with the US International Development Finance Corporation (IDFC), would provide political risk insurance with competitive premiums to ensure energy distribution and trade can continue to flow smoothly.
Moreover, if necessary, the United States Navy would be prepared to escort oil tankers crossing the Strait of Hormuz.
This move is intended to prevent global energy supply disruptions arising from the conflict.
“Trump said that whatever happens, America will ensure that energy distribution can be freely provided to the world. This has, of course, given market participants and investors reassurance that inflation can be kept more in check due to higher energy prices, especially for oil and gas,” Nico said in his daily analysis.
The assurance is seen as easing some market concerns about energy price spikes that could spur higher inflation.
Nico noted that prices for oil and gas had fallen, followed by a correction in gold prices, reflecting a cooling of demand for safe-haven assets even though geopolitical risks have not fully disappeared.
Nevertheless, the war continues and market participants remain cautious.
This is reflected in the weakness of stock and bond markets globally.
The Dow Jones Industrial Average closed down 0.83 percent and the S&P 500 fell 0.94 percent. European stock exchanges were also mostly in the red amid ongoing uncertainty.
On the other hand, tariff issues are again drawing attention.