JCI Expected to Rise Today, Retail Investors Could Watch ADMR, ARCI, PTBA

Jakarta — The Jakarta Composite Index (IHSG) is projected to rise in trading on Tuesday (19 May 2026), after the index closed down 1.85 percent to 6,599.250 on Monday. Technical analyst Herditya Wicaksana of MNC Sekuritas said the IHSG has potential to advance with a support level at 6,492 and resistance at 6,705, driven by a possible technical rebound after recent weakness. The domestic market will still be influenced by external and domestic sentiment, particularly rupiah movements against the US dollar, as well as fluctuations in global crude oil prices. ‘For tomorrow (Tuesday) we estimate the IHSG has the potential to strengthen with support at 6,492 and resistance at 6,705. We anticipate a technical rebound; sentiment is expected to be influenced by the rupiah’s exchange rate and movements in crude oil prices,’ Herditya told Kompas.com on Monday night (18 June 2026). Several stocks are considered attractive for retail investors on Tuesday’s trading, including PT Adaro Minerals Indonesia Tbk (ADMR) with a price range of Rp 1,820–Rp 2,010, PT Archi Indonesia Tbk (ARCI) with a target price of Rp 1,385–Rp 1,525, and PT Indah Kiat Pulp & Paper Tbk (INKP) with a target price of Rp 925–Rp 9,225. Meanwhile, market observer and founder of Republik Investor, Hendra Wardana, notes that amid the IHSG correction, some sectors remain relatively defensive and still offer opportunities. The energy and coal- and oil-based commodity sectors remain among those benefiting from a rally in global energy prices due to the Middle East conflict.