Gotrade News - This week, the Jakarta Composite Index (JCI) is under significant pressure due to global and domestic uncertainties. Previously, JCI weakened by 0.99% to the level of 7,026 on 2/4/2026, with foreign sales reaching IDR 2.8 trillion. Global geopolitical tensions, especially the threat of a US attack on Iran, have sparked investor concerns. As a result, many investors are opting to shift to safe-haven assets.
Key Takeaways:
- JCI is pressured by global and domestic uncertainties.
- Oil prices and the Rupiah are the primary factors testing the market.
- JCI is projected to move within a range of 6,700-7,250 this week.
Domestic factors also add pressure to the Indonesian stock market. The B50 program announced by the government increases the risk of inflation. This could suppress consumer purchasing power due to rising cooking oil prices. PT Indo Premier Sekuritas analyst, David Kurniawan, highlights the risks from soaring world oil prices and the Rupiah's depreciation, reaching IDR 17,000 per US dollar.
With crude oil prices above US$ 100 per barrel, energy subsidy burdens increase, threatening the fiscal deficit. Under these conditions, JCI is projected to weaken within the support range of 6,700 and a resistance of 7,250. For stock recommendations, PT Mitra Adiperkasa Tbk (MAPI) and PT Indika Energy Tbk (INDY) are among the analysts' picks for this week.
Additionally, JCI's movement is also influenced by the FTSE review on April 7, 2026, regarding Indonesia's rating. The market will monitor whether Indonesia remains classified as an emerging market or shifts to the frontier category. Meanwhile, high volatility is predicted to persist, with the level of 7,000 being a critical support.
JCI faces high volatility, with several stocks experiencing significant corrections. IMPC shares fell 1.75%, although there is still buying volume. In contrast, INDY shares strengthened by 2.40% and broke through MA60, indicating potential in wave B from wave (A).
Reference:
- Berita Satu, Rupiah dan Harga Minyak Jadi Ujian IHSG Pekan Ini. Accessed on April 6, 2026
- Liputan6, IHSG Diprediksi Melemah, Cek Rekomendasi Saham Hari Ini 6 April 2026. Accessed on April 6, 2026
- IDX Channel, IHSG Sepekan Diprediksi Tertekan Akibat Dua Sentimen Ini, Berikut Empat Saham Pilihan Analis. Accessed on April 6, 2026
Featured Image: GPT Image 1.5
