The Composite Stock Price Index (IHSG) opened higher on Wednesday (January 14, 2026) amid positive sentiment from Asian markets. Market participants are watching the direction of the US Federal Reserve's interest rate policy following stable US inflation data. Analysts project limited upside potential with specific support and resistance levels.
The Composite Stock Price Index (IHSG) of the Indonesia Stock Exchange (BEI) opened higher on Wednesday (January 14, 2026), with initial reports showing a gain of 44 points or 0.50 percent to 8,993, though later updates noted 9,007.04 after rising 58.75 points or 0.66 percent. The LQ45 index also increased 3.66 points or 0.42 percent to 882.53. The previous close on Tuesday (January 13, 2026) was at 8,948.30 after surging 0.72 percent or 63.58 points.
Analysts from various firms predict the IHSG could continue strengthening. Associate Director of Research and Investment at Pilarmas Investindo Sekuritas, Maximilianus Nico Demus, stated, "Berdasarkan analisa teknikal, kami melihat IHSG berpotensi menguat terbatas dengan support dan resistance 8.760-9.000." Head of Retail Research at PT BNI Sekuritas, Fanny Suherman, added, "IHSG berpotensi melanjutkan kenaikan sepanjang bertahan di support 8.900," with support at 8,860-8,900 and resistance at 8,970-9,000. Binaartha Sekuritas analyst Ivan Rosanova forecasts a rally if it breaks 8,973, toward 9,052 or 9,123, with supports at 8,714, 8,599, and 8,493.
Global sentiment supports this, with US CPI rising 0.3 percent month-on-month and 2.7 percent year-on-year, and Core CPI steady at 2.6 percent. This bolsters expectations that the Fed will hold rates at its January 29, 2026 meeting. Fed Chair Jerome Powell explicitly opposed pressure from US President Donald Trump, described as an attempt to seize power through political interference.
Asian markets were mostly up this morning, led by Japan's Nikkei rising 1.70 percent to 54,456.50 (though other reports cite 3.10 percent), Shanghai +0.95 percent to 4,177.68, and Hang Seng +0.45 percent to 26,970.00. In contrast, US markets closed lower on Tuesday, with the S&P 500 down 0.19 percent to 6,963.74, Dow Jones -0.80 percent to 49,191.99, and Nasdaq -0.18 percent to 25,741.95.
Domestically, the government plans to develop a semiconductor ecosystem through collaboration with the UK, including $125 million initial funding for partnership with ARM, seen as vital for strategic sectors like electronics and data centers. Analysts also recommend monitoring stocks such as BBRI (target 3,870), BMRI (target 5,100), and GOTO (target 70) for investors.
