IHSG Likely to Weaken Due to Selling Pressure, Check Out 5 Analysts' Top Stock Recommendations

Jakarta, VIVA — Indonesia’s composite stock index (IHSG) is projected to experience further correction during Thursday trading on 12 March 2026. Previously, the IHSG closed sharply down 0.69 per cent to level 7,389.39.

Binaartha Sekuritas analyst Ivan Rosanova stated that this decline will materialise if weakness breaks below the 7,305 level during today’s trading session. He added that selling pressure has become apparent as the IHSG approaches resistance at 7,585, which was encountered during Wednesday trading on 11 March 2026.

“The IHSG is estimated to retest the support area of 7,105–7,140,” said Ivan in his daily research on Thursday, 12 March 2026.

The IHSG’s support points are located at levels 7,305, 7,106, 6,900, and 6,744. Meanwhile, resistance points are in the 7,585, 7,765, 8,098, and 8,363 zones.

Furthermore, Ivan estimates that a number of listed companies are demonstrating solid performance. The following are five recommended high-potential stocks worthy of investor attention.

PT Adaro Andalan Indonesia Tbk (AADI)

• Recommendation: Trading Buy

• Buy area: 9,000–9,200

• Price target: 9,975

PT Alamtri Resources Indonesia Tbk (ADRO)

• Recommendation: Hold

• Price target: 2,600

PT Aneka Tambang Tbk (ANTM)

• Recommendation: Buy on Weakness

• Buy area: 3,500–3,610

• Price target: 4,340

PT Bumi Resources Tbk (BUMI)

• Recommendation: Speculative Buy

• Buy area: 165–170

• Price target: 224

PT Elang Mahkota Teknologi Tbk (EMTK)

• Recommendation: Hold

• Price target: 780