IHSG Projected to be Vulnerable to Correction, These 6 Stocks Predicted to Generate Profits
JAKARTA, KOMPAS.com - The Composite Stock Price Index (IHSG) is projected to remain vulnerable to corrections in trading on Tuesday (28 April 2026), amid rising global uncertainties due to geopolitics in the Middle East.
The IHSG weakened by 22.969 points or 0.32% to close at 7,106.520 during trading at the start of this week.
MNC Sekuritas technical analyst Herditya Wicaksana predicts the IHSG will move with support at 7,022 and resistance at 7,177. The index’s movement is still overshadowed by geopolitical dynamics in the Middle East region, as well as fluctuations in crude oil commodity prices, which are currently a focus for market players.
“For tomorrow (Tuesday), we estimate the IHSG remains vulnerable to correction with support at 7,022 and resistance at 7,177, where investors are still monitoring the Middle East situation and the movement of crude oil commodity prices,” said Herditya when contacted by Kompas.com on Monday evening (27 April 2026).
From a global perspective, the market is still haunted by uncertainties due to the lack of agreement between the United States and Iran. This situation increases the risk of global energy supply disruptions, particularly from the Middle East region, which plays a strategic role through oil distribution routes such as the Strait of Hormuz.
This situation could keep energy prices high, which in turn may restrain the decline in global inflation. Consequently, the room for monetary policy easing becomes increasingly limited.
Market expectations for US Federal Reserve policy are shifting back towards tightness, reflected in the persistently high US Treasury yields. This adds pressure on risk assets, particularly growth-based stocks.
Domestically, pressure comes from adjustments to non-subsidiary fuel prices and the weakening rupiah. The increase in Pertamax and Dex Series fuel prices since 18 April is seen as a response to high global energy prices as well as an effort to maintain fiscal credibility.
The market is beginning to anticipate further impacts on inflation, particularly in the transportation and logistics sectors, which could pressure consumer purchasing power.
On the other hand, Bank Indonesia (BI) maintained its benchmark interest rate at 4.75% in the Board of Governors Meeting on 22–23 April 2026 as a step to maintain exchange rate stability. This policy is accompanied by interventions in the foreign exchange market and optimisation of monetary instruments to dampen volatility.
However, the rupiah’s weakening still increases the risk of imported inflation and enlarges the potential for foreign fund outflows, particularly from the bond market.
Overall, the combination of global and domestic pressures makes the market tend to move cautiously in the short term. The future direction of the IHSG will be greatly determined by the effectiveness of policies in maintaining rupiah stability without sacrificing economic growth.
If these levels fail to be held, the IHSG could continue to weaken to the 7,022-7,080 area, approaching the psychological support around 6,917. Nevertheless, oversold conditions open the possibility of a short-term technical rebound, although the room for strengthening is considered limited.