2 jam yang lalu
April 20, 2026 | 11:38 am
TEMPO.CO, Jakarta - Equity Analyst at PT Indo Premier Sekuritas (IPOT), Imam Gunadi, predicted that the Jakarta Composite Index (IHSG) will continue to be swayed by geopolitical sentiment this week, particularly the conflicts in the Middle East and the dynamics in the Strait of Hormuz.
He believed that while several economic indicators are slated for release, market direction will remain heavily tethered to these unpredictable geopolitical factors.
"Apart from these factors, there are several key data points that warrant attention," Imam stated in a press release on Monday, April 20, 2026.
In China, investors are awaiting the release of the 1-year Loan Prime Rate (LPR), with a consensus estimate of 3.0 percent, and the 5-year LPR at 3.5 percent. These figures are expected to provide a clearer outlook on China's upcoming monetary policy.
Meanwhile, in the United States, March retail sales data will be a focal point, with a consensus forecasting a 1.3 percent month-on-month growth. According to Imam, this metric is vital as it reflects consumer strength, the primary engine of the U.S. economy.
On the domestic front, the market will focus on Bank Indonesia's interest rate decision, with a consensus set at 4.75 percent. Imam anticipated that the central bank will likely maintain the benchmark rate at this level to safeguard exchange rate stability and manage inflation.
Imam projected that the IHSG will fluctuate between a resistance level of 7,773 and a support level of 7,308. "Overall, the IHSG is likely to remain within that range, as the market continues to react to external developments," he concluded.
Read: Indonesian Police Bust Syndicate Selling Fake US Dollars as 'Macau Dollars'
Click here to get the latest news updates from Tempo on Google News
Indonesia's JCI Rises 2.3 Percent This Week
2 hari lalu
IDX recorded a 2.35 percent increase in the Jakarta Composite Index (JCI) over the week. The index closed at 7,634 on Friday, April 17, 2026.
JCI Weakens at Week's Start, Following Broader Asian Declines
7 hari lalu
The JCI opened 48.41 points lower, or 0.65 percent, at 7,410.09. The LQ45 index of blue-chip stocks also declined 5.28 points, or 0.71 percent.
JCI Drops 2.19% as Trump Speech Sparks Middle East Jitters
17 hari lalu
Analyst said Asian markets weakened after Trump's speech offered no clarity on when the Middle East conflict would end
Rupiah Closes at 17,002 per US Dollar in Today's Trading
20 hari lalu
The rupiah exchange rate closed at the level of Rp 17,002 per US dollar on Monday's trading, March 30, 2026, weakening 22 points compared to the previous day's position at the level of Rp 16,979 per US dollar.
Indonesia's IHSG Slips 0.14% This Week
21 hari lalu
The IHSG ended the week at 7,097, while foreign investors recorded net sales of Rp1.76 trillion.
JCI Seen Volatile as Investors Track US-Iran Ceasefire Efforts
24 hari lalu
Global market sentiment remains fragile after the United States reportedly floated a 15-point peace proposal for Iran.
IHSG Climbs 2.75% as Markets React to US-Iran Peace Proposal
25 hari lalu
The IHSG gained 195.28 points, or 2.75 percent, to 7,302.12, while the LQ45 index of 45 top stocks rose 24.04 points, or 3.33 percent, to 764.45.
Indonesia's IHSG Weakens on US Tariff Policy Uncertainty
54 hari lalu
IHSG fell 115.25 points, or 1.37 percent, to 8,280.83 on Tuesday, while the LQ45 index dropped 1.19 percent to 837.63.
Indonesia's IHSG Projected to Rise to 8,390 Next Week
56 hari lalu
An analyst said the IHSG is expected to trade between 8,208 support and 8,390 resistance, with the MACD signaling stronger momentum.
Indonesia's IHSG Closes Lower at 8,265 on Wednesday
12 Februari 2026
Despite the decline, the index remains above its February 2 low of 7,922.73, after sliding from 9,134.7 amid negative sentiment from MSCI and Moody's.
English (US) · 
Indonesian (ID) ·