IHSG Projected to Remain Weak, Testing 6,900-6,800 Levels
JAKARTA, KOMPAS.com - The Composite Stock Price Index (IHSG) is projected to remain under pressure or tend to weaken during trading on Wednesday (8/4/2026), as there is still no strong catalyst capable of driving a market reversal.
Capital market analyst and Founder of Republik Investor, Hendra Wardana, stated that the IHSG has the potential to move sideways with a tendency to weaken.
Currently, the 6,900 level serves as the nearest psychological support area being tested by the market.
If the pressure continues, the IHSG could fall to the 6,800-6,850 range as a short-term bottom area.
Nevertheless, he assesses that rebound opportunities remain open, particularly if global geopolitical tensions ease or positive domestic sentiments emerge.
Additionally, attractive share valuations following the recent correction could also support potential recovery.
From a sectoral perspective, rotations towards defensive stocks are beginning to appear. The infrastructure and telecommunications sectors are showing relative resilience amid market pressure, supported by business stability and more secure revenue visibility.
Moreover, the energy sector is still considered attractive due to rising global oil prices, although its movements tend to be volatile. In contrast, the industrial and automotive sectors continue to face pressure as they are more sensitive to economic slowdowns and rising production costs.
Overall, the IHSG is currently in a phase of full pressure and uncertainty.
However, the market is deemed not to have lost its appeal, but rather to be in an adjustment phase.
With a disciplined, selective approach oriented towards medium- to long-term horizons, the Indonesian capital market remains relevant as an investment instrument amid global dynamics.
Analyst and Branch Manager of Panin Sekuritas Pondok Indah, Elandry Pratama, considers several attractive sectors worth monitoring, including energy, coal, major banking, and consumer defensive.
The recommended stocks from Elandry include PT Adaro Energy Indonesia Tbk (ADRO) with a target price of Rp 2,600-Rp 2,700, PT Bank Central Asia Tbk (BBCA) at Rp 6,800-Rp 7,000, PT Indofood CBP Sukses Makmur Tbk (ICBP) at Rp 7,600-Rp 7,800, and PT Pertamina Geothermal Energy Tbk (PGEO) with a target of Rp 1,100-Rp 1,200.
Meanwhile, Equity Research Analyst at Phintraco Sekuritas, Alrich Paskalis Tambolang, recommends several stocks for market participants to monitor, including PT Surya Esa Perkasa Tbk (ESSA), PT AKR Corporindo Tbk (AKRA), PT Barito Pacific Tbk (BRPT), PT Charoen Pokphand Indonesia Tbk (CPIN), and PT Japfa Comfeed Indonesia Tbk (JPFA).