IHSG This Week Will Still Be Influenced by Geopolitical Sentiment

Equity Analyst at PT Indo Premier Sekuritas (IPOT), Imam Gunadi, predicts that the movement of the Composite Stock Price Index (IHSG) this week will still be influenced by geopolitical sentiment, primarily the dynamics of the conflict in the Middle East and developments in the Strait of Hormuz, Iran. According to him, although several economic indicators will be released this week, the market direction will heavily depend on the unpredictable geopolitics.

“Aside from that factor, there are several important data points to watch,” said Imam in a press release on Monday, 20 April 2026. In China, the market will await the release of the 1-year Loan Prime Rate (LPR) with a consensus of 3.0 percent and the 5-year LPR at 3.5 percent. These figures will provide an indication of China’s future monetary policy direction.

Then in the United States, March retail sales data will also be in focus, with a consensus growth of 1.3 percent month-on-month. According to Imam, this data is important because it reflects the strength of consumption, which is the main driver of the US economy.

Meanwhile, the domestic factor in the form of Bank Indonesia’s interest rate decision will also be a market focus, with a consensus at 4.75 percent. Imam predicts that BI is likely to maintain the benchmark interest rate at that level to preserve exchange rate stability and inflation.

Imam projects that the IHSG will move at a resistance level of 7,773 and support of 7,308. “So overall, the IHSG movement is likely to remain within that range, with the market tending to be reactive to external developments,” he stated.