IHSG Rises 6.14%, Here Are Stock Recommendations for the Week Ahead

REPUBLIKA.CO.ID, JAKARTA – The Composite Stock Price Index (IHSG) strengthened again during the trading week of 6 to 10 April 2026, rising by 6.14%. This uptick marks a market recovery following pressures in the previous week, although global sentiment remains not fully stable.

Analyst at PT Indo Premier Sekuritas (IPOT), Hari Rachmansyah, stated that the IHSG rebound was supported by the easing of global geopolitical tensions and the recovery of investor risk appetite. “Improvements in global sentiment have helped the market recovery, but foreign investors remain cautious,” he said on Monday (13/4/2026).

Throughout that week, foreign investors recorded net selling of around Rp 3.3 trillion in the regular market. This condition indicates that the IHSG strengthening was largely supported by domestic investors and large-cap stocks.

Several big-cap stocks such as BREN, DSSA, and TPIA became the main drivers of the index. Buying activity in those stocks also propelled further strengthening in other sectors.

Nevertheless, market participants are still shadowed by global uncertainties, particularly regarding developments in US-Iran negotiations that have yet to yield a final agreement. This situation could keep market volatility high.

“As long as global uncertainties have not subsided, the market will remain cautious and tend to be fluctuating,” said Hari.

Domestically, the market is also monitoring plans to adjust non-subsidised fuel prices as well as pressure on the rupiah exchange rate approaching Rp 17,000 per US dollar. These two factors are seen as potentially triggering short-term inflationary pressures and affecting market sentiment.

For trading in the week ahead, the IHSG is expected to move in a limited range with a tendency towards consolidation. The energy sector still has potential to be the main support, in line with persistently high commodity prices.

In such conditions, IPOT recommends several stocks for short-term trading strategies. Among them is MBMA with a buy area at 745, target 825, and stop loss 715. ENRG stock is recommended at 1.745 with a target of 1.925 and stop loss 1.645.

In addition, EXCL is also on the radar with a buy strategy at 3.160, target 3.550, and stop loss 2.960. For a more defensive option, the IDX High Dividend 20 ETF (XIHD) is considered attractive because it consists of dividend-paying stocks that tend to be more stable amid volatility.

With the market still fluctuating, investors are advised to remain selective and disciplined in managing risks. Opportunities remain open, but market turbulence is expected not to fully subside.