IHSG Faces Correction Risk on Friday, 29 May, with BRPT and BBTN Stocks Showing Profit Potential

JAKARTA - The Jakarta Composite Index (IHSG) is expected to face a correction on Friday, 29 May 2026, after closing 1.23% lower at 6,130.190 on Tuesday this week.

Technical analyst Herditya Wicaksana at MNC Sekuritas said the IHSG remains influenced by global sentiment, particularly MSCI index rebalancing.

Additionally, market participants are monitoring US-Iran negotiations, which could impact global oil prices and risk asset sentiment.

Herditya predicted the IHSG would trade between support at 6,075 and resistance at 6,206.

“We expect the IHSG to correct on Friday with support at 6,075 and resistance at 6,206, influenced by MSCI rebalancing and ongoing US-Iran negotiations,” Herditya said.

PT Barito Pacific Tbk (BRPT) has a target price range of Rp1,815 to Rp2,100.

PT Bank Tabungan Negara (Persero) Tbk (BBTN) has a target price range of Rp1,420 to Rp1,510.

PT Merdeka has a target price range of Rp7,975 to Rp8,225.

BRI Danareksa Sekuritas technical analyst Reza Diofanda recommended PT GoTo Gojek Tokopedia Tbk (GOTO).

Currently, GOTO remains at Rp50 with no signs of movement, as evidenced by thick offer volumes. On Tuesday, it closed flat at Rp50 per share.

Recommendation: Wait and See

Support: Rp50

Resistance: Rp53