The Composite Stock Price Index (IHSG) opened down 13 points or 0.17 percent at 8,221 on Friday trading, February 27, 2026, following a previous close drop of 1.04 percent to 8,235.26. Analysts predict potential deeper correction or rebound depending on support levels. Sentiment is influenced by Nvidia's positive performance but its stock plunge on Wall Street.
On the opening of trading Friday, February 27, 2026, the IHSG weakened by 13 points or 0.17 percent to 8,221, after closing down 1.04 percent at 8,235.26 the previous day. Head of Retail Research at BNI Sekuritas, Fanny Suherman, predicts the IHSG will attempt to test support at 8,200. "IHSG will try to test support at 8,200 and if strong there, potential short-term technical rebound. But if it breaks under 8,200, it could correct to 8,050," said Fanny in her daily research.
IHSG support is at levels 8,126-8,200, while resistance is at 8,280-8,320. Meanwhile, Analyst at Binaartha Sekuritas, Ivan Rosanova, notes that IHSG has broken below 8.252, confirming the correction subwave ii. "(IHSG) has potential to test the 8,000-8,075 area as the ideal target," stated Ivan. He predicts a rebound opportunity if the daily close is above 7.898, with supports at 8.074, 7.989, and 7.835, and resistances at 8.269, 8.363, 8.527, and 8.812.
Regional sentiment is influenced by Asia-Pacific markets, mostly up following Nvidia's earnings report exceeding expectations, driven by Big Tech spending on AI processors. The Nikkei 225 rose 0.29 percent, Topix 0.97 percent, KOSPI 0.52 percent, ASX 200 0.52 percent, while Hang Seng fell 1.4 percent, CSI 300 weakened 0.2 percent, and Taiex was flat. On Wall Street, the S&P 500 fell 0.54 percent, Nasdaq 1.18 percent, Dow rose 0.03 percent, with Nvidia shares dropping more than 5 percent despite Q4-2025 earnings and revenue above expectations.
Ivan also recommends five potential stocks: PT Indofood Sukses Makmur Tbk (INDF) buy on weakness at 6,350-6,450 target 7,000; PT Japfa Comfeed Indonesia Tbk (JPFA) trading buy at 2,200-2,270 target 2,540; PT Merdeka Battery Materials Tbk (MBMA) buy at 750-780 target 880; PT Merdeka Copper Gold Tbk (MDKA) buy at 3,410-3,510 target 3,800; PT Unilever Indonesia Tbk (UNVR) buy at 2,010-2,090 target 2,420.
