The Composite Stock Price Index (IHSG) opened up 29.79 points or 0.34 percent at 8,676.74 on Friday (January 2, 2026), fueled by market participants' optimism for the new year. Analysts forecast continued gains, potentially breaking 8,700. Finance Minister Purbaya is optimistic that IHSG could reach 10,000 by the end of 2026.
At the opening of trading on the Indonesia Stock Exchange (BEI) Friday morning, the IHSG rose to 8,676.74, while the LQ45 index also gained 1.89 points or 0.22 percent to 848.46. This strength reflects market participants' optimism following the 2025 close at 8,644, which rose 22.10 percent for the year with market capitalization reaching Rp15.810 trillion.
Phintraco Sekuritas Research Head Ratna Lim predicts, "It is estimated that the IHSG strengthening has the potential to continue and test the 8,680-8,725 level." Meanwhile, Capital Market Practitioner William Hartanto from WH-Project sees a bullish flag pattern technically, projecting a range of 8,600 to 8,700, provided it holds above support at 8,525.
MNC Sekuritas research notes an optimistic scenario could push IHSG to 8,730-8,905, though correction to support at 8.493 is possible. Mirae Asset Sekuritas Senior Market Chartist M. Nafan Aji Gusta assesses IHSG in a consolidation phase, with negative RSI but positive Stochastics; support at 8,506 and resistance at 8,666.
Market players await domestic data such as December S&P Global Manufacturing PMI at 53.6, November trade surplus of US$2.7 billion, and inflation at 2.5 percent yoy. Globally, tariff war uncertainties, Fed policy, and geopolitics influence sentiment. European and US markets closed mixed on December 31, 2025, while Asian markets this morning were varied, with Hang Seng up 1.67 percent.
