Summary

The Indonesian stock market is expected to turn green this week after the Composite Stock Price Index (IHSG) ended last week with a slight decline of 0.23% to 6,521. Analysts believe that the sideways movement of the IHSG is likely to strengthen, supported by a relatively stable economy and global and regional market conditions continuing to show an upward trend. The IHSG has the nearest support at 6,442 and the nearest resistance target at 6,676. Analysts suggest that investors should accumulate nine stocks, including PT Summarecon Agung Tbk, PT Ciputra Development Tbk, and PT Bank Negara Indonesia Tbk, in response to the potential reversal of the IHSG's upward trend.
William Suryawijaya, an analyst at PT Indosurya Bersinar Sekuritas, said that the IHSG's sideways movement is likely to strengthen, given the relatively stable economy and the upward trend in global and regional markets. The IHSG has the nearest support at 6,442 and the nearest resistance target at 6,676. William suggested that investors should accumulate nine stocks, including PT Summarecon Agung Tbk, PT Ciputra Development Tbk, and PT Bank Negara Indonesia Tbk, in response to the potential reversal of the IHSG's upward trend.
The IHSG is expected to turn green this week after ending last week with a slight decline of 0.23% to 6,521. Analysts believe that the sideways movement of the IHSG is likely to strengthen, supported by a relatively stable economy and global and regional market conditions continuing to show an upward trend. The IHSG has the nearest support at 6,442 and the nearest resistance target at 6,676. Analysts suggest that investors should accumulate nine stocks, including PT Summarecon Agung Tbk, PT Ciputra Development Tbk, and PT Bank Negara Indonesia Tbk, in response to the potential reversal of the IHSG's upward trend.
William Suryawijaya, an analyst at PT Indosurya Bersinar Sekuritas, said that the IHSG's sideways movement is likely to strengthen, given the relatively stable economy and the upward trend in global and regional markets. The IHSG has the nearest support at 6,442 and the nearest resistance target at 6,676. William suggested that investors should accumulate nine stocks, including PT Summarecon Agung Tbk, PT Ciputra Development Tbk, and PT Bank Negara Indonesia Tbk, in response to the potential reversal of the IHSG's upward trend.