Summary

The Indonesian stock market has the potential to rise today, after the Composite Stock Price Index (IHSG) fell 0.41% to 6,495 yesterday. Analysts believe that the IHSG is still moving within a reasonable consolidation range before rising again. The IHSG has the nearest support level at 6,442 and the nearest resistance target at 6,676. Analysts suggest that investors are starting to invest, and the beginning of the year is a good time to do so. Nine stocks that could benefit from a potential reversal of the IHSG's upward trend are PT Gudang Garam Tbk (GGRM), PT Unilever Indonesia Tbk (UNVR), PT Indofood CBP Sukses Makmur Tbk (ICBP), PT Indofood Sukses Makmur Tbk (INDF), PT Mayora Indah Tbk (MYOR), PT Merck Tbk (MERK), PT Nippon Indosari Corpindo Tbk (ROTI), PT Bank Jatim Tbk (BJTM), and PT Pembangunan Perumahan Tbk (PTPP).