IHSG Projected to Move Sideways This Week, Market Watches Fed Policy

Head of Research at Phintraco Sekuritas, Ratna Lim, projects that the Composite Stock Price Index (IHSG) on the Indonesia Stock Exchange (BEI) has the potential to move sideways during trading this week (27-30 April 2026), with the main sentiment coming from global factors. Ratna stated that market participants this week will observe the direction of monetary policy from central banks in various advanced countries, including the US Federal Reserve (The Fed), the European Central Bank (ECB), the Bank of England (BoE), and the Bank of Japan (BoJ).

“It is estimated that the IHSG has the potential to test the psychological level at 7,000 this week,” said Ratna in a written statement in Jakarta on Monday (27/4/2026).

This week, market participants will await the Federal Open Market Committee (FOMC) meeting of The Fed on Thursday (29/4), which is expected to maintain the benchmark interest rate at 3.5-3.75 percent.

Subsequently, market participants will await the ECB and BoE meetings, which are respectively projected to also maintain their benchmark interest rates at 2.15 percent and 3.75 percent.

In addition, market participants will observe the Bank of Japan (BoJ) meeting on Tuesday (28/4), which is expected to maintain the benchmark interest rate at 0.75 percent, despite rising inflation data in Japan.

Besides the direction of monetary policy from central banks in various advanced countries, Ratna said that market participants will also monitor various US economic data releases, including consumer confidence data, housing data, Gross Domestic Product for the first quarter of 2026, personal income, personal spending, the Personal Consumption Expenditures (PCE) Prices index, and the ISM Manufacturing Index.