Gotrade News - The Jakarta Composite Index, known locally as IHSG, is projected to extend a limited rebound on Thursday (30/04). Resistance sits at 7,144 after the benchmark closed 0.41% higher at 7,101 in the prior session.
The move looks more like a technical bounce than a sustained rally. Investor sentiment stays cautious as markets wait on the next Federal Reserve policy decision.
Key Takeaways
- IHSG (Indonesia Stock Exchange Composite) is set to test resistance at 7,144 with downside support near 7,064.
- MNC Sekuritas recommends buy-on-weakness setups for HMSP (HM Sampoerna), ERAA (Erajaya), and SUPA for short-term trades.
- Phintraco Sekuritas highlights UNVR (Unilever Indonesia), CDIA (Chandra Daya Investasi), and ITMG (Indo Tambangraya Megah) as defensive plays.
According to Kompas, MNC Sekuritas analyst Herditya Wicaksana sees IHSG as still vulnerable to limited correction. The nearest test zone runs from 6,983 to 7,009 before any retest of resistance.
Herditya recommends HMSP on a buy-on-weakness basis between Rp 750 and Rp 770. The price target is Rp 820 to Rp 855, with a stop loss below Rp 735.
ERAA also makes the list with a near-term target around Rp 422. The technology retail segment is supported by seasonal spending around the holidays.
According to Katadata, Phintraco Sekuritas adds CDIA, UNVR, IMPC, AADI, and ITMG to the trading shortlist. UNVR and ITMG attract interest thanks to stable cash flows amid index volatility.
CDIA gains attention from its tie-in to domestic energy infrastructure expansion. ITMG offers exposure to a coal price cycle that is recovering from depressed levels.
Lo Kheng Hong's View
Veteran investor Lo Kheng Hong frames the current weakness as a golden accumulation window. He flags four attractive sectors: banking, commodities, coal, and palm oil.
IHSG itself is down 17.88% year-to-date with foreign net selling reaching Rp 42.74 trillion. The heaviest pressure has hit large banks such as BBCA, BMRI, and BBRI.
HMSP, the Indonesian unit of Philip Morris International, draws fresh interest after a deep valuation reset. Exposure to the global parent adds long-term fundamental appeal.
Gotrade tracks key IHSG support at 7,022 and 6,917, with stronger resistance at 7,313 and 7,484. The intraday trading band is expected between 7,050 and 7,150.
Gotrade reminds investors to keep risk management disciplined amid global uncertainty. Sector diversification remains the practical lever to balance portfolio exposure.
Sources
Kompas, IHSG Set to Strengthen to 7,144, HMSP, ERAA and BIPI Worth Watching, 2026. Katadata, IHSG Forecast to Rise, Analysts Recommend CDIA, UNVR, HMSP, ITMG, 2026. IDX Channel, IHSG Still Vulnerable to Limited Correction, Four Stocks to Watch, 2026. Liputan6, IHSG Forecast and Stock Recommendations for April 30, 2026, 2026.
