IHSG Breaks 8,357, Riding Momentum Ahead of BI Decision

Gotrade News - The Jakarta Composite Index (IHSG) is extending its winning streak, climbing 0.55% to hit the 8,357 level on Thursday (19/2). This green run comes right as the market holds its breath for Bank Indonesia’s interest rate verdict dropping later this afternoon.

The bullish momentum is being fueled by positive vibes from global markets and high-level strategic meetings. Investors should keep a close watch on whether the index can smash through the 8,400 resistance level to confirm if this trend has real legs.

Key Takeaways:

• IHSG opened up 0.55%, backed by a technical "golden cross" signal hinting at further upside.

• The market consensus is betting on Bank Indonesia to hold the benchmark rate steady at 4.75% today.

• Global sentiment is chilling out after the latest Fed minutes showed stability in US interest rate policy.

What’s Driving the Next Move

The street is currently pricing in a "hold" from Bank Indonesia, keeping the benchmark rate at 4.75%. This decision is seen as pivotal, especially with January’s inflation data looking tamed at 3.55%, according to analyst consensus.

A research note from BRI Danareksa Sekuritas points to the Rupiah’s stability as a positive catalyst. The currency is expected to trade steadily in the Rp16,850 to Rp16,869 range against the greenback.

Investors are also taking positive cues from the Fed minutes released on Wednesday (18/2). The docs show that the majority of US central bank officials are on the same page about keeping rates stable in the 3.50% to 3.75% bracket.

Technical Analysis & Market Direction

Technical indicators are flashing a "golden cross" on the MACD, supported by a solid pickup in buying volume. Phintraco Sekuritas notes this setup opens the door for IHSG to test the 8,350 to 8,400 zone in the short run.

MNC Sekuritas technical analyst, Herditya Wicaksana, sees the index potentially rallying towards the 8,377–8,440 area if it holds above support. However, traders should stay sharp for any pullback risks if the index fails to break out.

Several stocks in the energy and banking sectors are grabbing the spotlight as global commodity prices heat up. CGS International Sekuritas Indonesia adds that foreign inflows are starting to trickle back into the domestic market.

That’s the market update worth watching today. Follow Gotrade News for timely coverage on US stocks, ETFs, and macro moves that shape market direction. For a structured starter guide, visit the Gotrade Blog to learn the basics and build your plan.

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Reference:

• Kompas, IHSG Dibuka Menguat Pagi Ini, Naik 0,55 Persen ke Level 8.357. Accessed on February 19, 2026

• Bloomberg Technoz, IHSG Dibuka Menguat, Pasar Cermati BI Rate dan Risalah The Fed. Accessed on February 19, 2026

• Featured Image: Shutterstock