Jakarta Composite Index Opens Higher After Lunar New Year Holiday with Rebound Potential as Asian Markets Show Mixed Results
The Jakarta Composite Index (IHSG) opened 23 points higher, or 0.29 per cent, at 8,235 during Wednesday's trading session on 18 February 2026.
Fanny Suherman, Head of Retail Research at PT BNI Sekuritas, predicted that the IHSG has the potential to rebound during today's trading session.
"The IHSG has the potential to rebound today, provided it holds above the 8,160 support level," Fanny said in her daily research note dated Friday, 13 February 2026.
Asian markets closed mixed on Tuesday's trading session, although several markets were shut for Lunar New Year celebrations. Japan's Nikkei 225 index fell 0.42 per cent whilst the Topix weakened 0.68 per cent.
Meanwhile, Australia's ASX 200 index rose 0.24 per cent. Markets in mainland China, Hong Kong, Singapore, Taiwan and South Korea were closed for the Lunar New Year holiday. Additionally, US markets were shut on Monday for the Presidents' Day national holiday.
On Monday, 16 February 2026, Japan reported economic growth of 0.2 per cent year-on-year in the fourth quarter of 2025, significantly below the forecast of 1.6 per cent growth, as government spending weighed on economic activity.
The Bank of Japan (BoJ) is set to hold a meeting to discuss interest rates in March 2026, with expectations of only a slim chance of a rate increase.
"IHSG support lies at the 8,120–8,160 level, whilst resistance is in the 8,240–8,300 range," she said.
Wall Street managed to post slim gains during Tuesday's trading on 17 February 2026, after coming under pressure at the start of the session. A rebound in technology shares and strength in the financial sector were the primary drivers of the market.
The Dow Jones Industrial Average rose 0.07 per cent, the S&P 500 added 0.10 per cent, and the Nasdaq Composite gained 0.14 per cent. Among individual stocks, gains in Nvidia and Apple shares offset weakness in Microsoft and Oracle.
Over the past week, concerns that artificial intelligence (AI) could disrupt the business models of several companies triggered a sell-off in software stocks, securities firms and logistics companies.
Fanny Suherman, Head of Retail Research at PT BNI Sekuritas, predicted that the IHSG has the potential to rebound during today's trading session.
"The IHSG has the potential to rebound today, provided it holds above the 8,160 support level," Fanny said in her daily research note dated Friday, 13 February 2026.
Asian markets closed mixed on Tuesday's trading session, although several markets were shut for Lunar New Year celebrations. Japan's Nikkei 225 index fell 0.42 per cent whilst the Topix weakened 0.68 per cent.
Meanwhile, Australia's ASX 200 index rose 0.24 per cent. Markets in mainland China, Hong Kong, Singapore, Taiwan and South Korea were closed for the Lunar New Year holiday. Additionally, US markets were shut on Monday for the Presidents' Day national holiday.
On Monday, 16 February 2026, Japan reported economic growth of 0.2 per cent year-on-year in the fourth quarter of 2025, significantly below the forecast of 1.6 per cent growth, as government spending weighed on economic activity.
The Bank of Japan (BoJ) is set to hold a meeting to discuss interest rates in March 2026, with expectations of only a slim chance of a rate increase.
"IHSG support lies at the 8,120–8,160 level, whilst resistance is in the 8,240–8,300 range," she said.
Wall Street managed to post slim gains during Tuesday's trading on 17 February 2026, after coming under pressure at the start of the session. A rebound in technology shares and strength in the financial sector were the primary drivers of the market.
The Dow Jones Industrial Average rose 0.07 per cent, the S&P 500 added 0.10 per cent, and the Nasdaq Composite gained 0.14 per cent. Among individual stocks, gains in Nvidia and Apple shares offset weakness in Microsoft and Oracle.
Over the past week, concerns that artificial intelligence (AI) could disrupt the business models of several companies triggered a sell-off in software stocks, securities firms and logistics companies.