IHSG Hit by Global Sentiment: Should Retail Investors Exit or Hold?
JAKARTA, KOMPAS.com - The Composite Stock Price Index (IHSG) is expected to continue moving sideways with a tendency to weaken in the short term, as there are no strong catalysts for a reversal.
Based on data from the Indonesia Stock Exchange (BEI), the IHSG closed down 18.399 points or 0.26 percent at 6,971.027 on Tuesday’s trading (7/4/2026). The index opened at 7,001.278 and moved within a fairly wide range, with a high of 7,022.041 and a low of 6,942.627.
Capital market analyst and Founder of Republik Investor, Hendra Wardana, stated that the 6,900 level is the nearest psychological support for the index, which is currently being tested.
If the pressure continues, the IHSG could potentially drop to 6,800-6,850 as the short-term bottom area.
“Or there could be positive sentiment from global or domestic directions, considering that current stock valuations are becoming attractive after a fairly deep correction,” Hendra said when contacted by Kompas.com on Tuesday night (7/4/2026).
The IHSG’s tendency to weaken in the short term raises questions among retail investors: should they exit, hold, or even start entering the market?
Hendra believes that although the market is under pressure, this does not necessarily mean they should exit the capital market.
According to him, the market is currently undergoing a repricing process, where risks have started to be reflected in stock prices.
For retail investors with a measured strategy, this condition can be utilised for gradual accumulation, rather than aggressively shifting assets, which could result in missing momentum when the market turns around.
From a sectoral perspective, there is starting to be rotation towards more defensive sectors.
The infrastructure and telecommunications sectors are showing relative resilience, supported by stable business characteristics and better visibility of revenue.
In addition, the energy sector remains attractive in the context of rising global oil prices, although volatility is still high.
Conversely, the industrial and automotive sectors tend to be under pressure due to greater sensitivity to economic slowdowns and rising production costs.
Regarding market interventions, Hendra views that the needed steps are not direct interventions to support the index, but rather strengthening market fundamentals.