MSCI Rebalancing, IHSG Vulnerable to Correction, Retail Investors Should Watch ANTM, PTRO, PTBA Stocks

JAKARTA, KOMPAS.com - The Composite Stock Price Index (IHSG) is projected to be vulnerable to correction on Tuesday (12/5/2026), coinciding with the announcement of the global index rebalancing results by Morgan Stanley Capital International (MSCI). MNC Sekuritas technical analyst Herditya Wicaksana predicts that the IHSG will remain range-bound on Tuesday’s trading, with potential for strengthening but overshadowed by correction risks, leading to fluctuating movements. Technically, the IHSG’s support level is forecasted at 6,889, while resistance is around 6,935. Tuesday’s capital market movements will be influenced by various global and domestic sentiments, particularly the release of US inflation data, which investors are watching closely as it may affect the direction of the US Federal Reserve’s interest rate policies. Domestically, the rupiah’s exchange rate against the US dollar continues to concern market players amid unrelenting external pressures. Meanwhile, movements in mining sector stocks are expected to remain a focus for investors, in line with global commodity price fluctuations and the sector’s high sensitivity to market sentiments. “For tomorrow (Tuesday), we predict the IHSG has a chance of limited strengthening and is vulnerable to correction with support at 6,889 and resistance at 6,935. We expect it to be influenced by the US inflation data release and the MSCI announcement, while the rupiah’s exchange rate against the US dollar and mining issuer movements remain under scrutiny,” said Herditya when contacted by Kompas.com on Monday evening (11/5/2026). Shares of PT Kalbe Farma Tbk (KLBF) are projected to trade in the range of Rp 970 to Rp 1,010. Shares of PT Aneka Tambang Tbk (ANTM) are expected to move between Rp 3,890 and Rp 4,110. Then, shares of PT Petrosea Tbk (PTRO) are forecasted to trade in the area of Rp 5,575 to Rp 6,675.