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🇮🇩 Indonesia /Economy & Trade

Indonesia’s IHSG Expected to Trade Unevenly as Investors Weigh Global Signals

From Republika · () Indonesian

Translated from Indonesian and summarized by DistantNews. Read the original for the full story.

At a glance

Newswire Named sources Ongoing story
  • The Indonesia Stock Exchange Composite Index opened down 0.11% at 6,511.11 on Monday, while the LQ45 index fell 0.17%.
  • Kiwoom Sekuritas analyst Liza Camelia Suryanata said the index could recover if it holds support levels, but renewed selling could push it lower.
  • Easing concerns over oil shipments through the Strait of Hormuz supported markets, while comments that inflation remains persistent increased uncertainty.

Indonesia’s benchmark stock index opened lower on Monday, but analysts still saw room for a rebound if it avoids breaking key support levels. The Jakarta Composite Index fell 7.01 points, or 0.11%, to 6,511.11. The LQ45 index of leading shares declined 0.17% to 640.71.

Liza Camelia Suryanata, head of research at Kiwoom Sekuritas Indonesia, said the index could retest resistance at 6,551 if it stays above 6,357. A stronger move could take it toward 6,635 and 6,733, she said. If selling pressure pushes the index below 6,454, it could fall toward the stronger support range of 6,385 to 6,377.

As long as the IHSG is able to hold above the 6,357 area, the potential for strengthening remains open to retest resistance at 6,551, before continuing higher toward 6,635 and 6,733.

— Liza Camelia SuryanataKiwoom Sekuritas Indonesia’s head of research outlined the index’s technical outlook.

Investors were also monitoring international developments. Concerns about Middle East risks and possible disruption to oil supplies had eased, while shipping through the Strait of Hormuz improved. Plans to develop the Iran-Oman corridor also reduced the risk premium attached to global energy supplies, according to Suryanata.

Inflation remained a counterweight. Federal Reserve Chair Kevin Warsh said price pressures had not slowed significantly, suggesting that easing inflation could take longer. The mixed signals left investors balancing improving energy-related risks against uncertainty over the future path of prices.

Improving shipping flows through the Strait of Hormuz and plans to develop the Iran-Oman corridor have also lowered the risk premium for global energy supplies.

— Liza Camelia SuryanataShe described international factors affecting Indonesian investors.
About this summary

Originally published by Republika in Indonesian. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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