The Composite Stock Price Index (IHSG) opened up 0.57 percent or 47 points at 8,357 on Thursday, February 19, 2026, following gains in Asia-Pacific markets and Wall Street. This rise continues the positive trend from the previous close at 8,310.22, up 1.19 percent. Analysts predict the IHSG could continue strengthening toward 8,596.
On the opening of trading Thursday, February 19, 2026, Asia-Pacific stock markets showed significant gains, continuing the rally before the long Lunar New Year holiday. South Korea's Kospi index surged 2.76 percent to an all-time high, driven by technology stocks such as Samsung Electronics up 4.14 percent and SK Hynix rising 1.48 percent. The Kosdaq index increased 0.59 percent. Meanwhile, Japan's Nikkei 225 strengthened 0.52 percent and Topix rose 0.39 percent. Hong Kong and mainland China markets remained closed for the Lunar New Year holiday.
In the United States, Wall Street closed positively in the previous session with the S&P 500 up 0.56 percent to 6,881.31, the Nasdaq Composite gaining 0.78 percent to 22,753.63, and the Dow Jones Industrial Average rising 0.26 percent to 49,662.66. This strength was supported by major technology stocks after investors reviewed Federal Reserve meeting minutes, along with Nvidia's 1.6 percent increase following an AI chip supply agreement with Meta Platforms.
In Indonesia, the IHSG opened at 8,357 after Wednesday's close at 8,310.22. Head of Retail Research at PT BNI Sekuritas, Fanny Suherman, predicted, "IHSG has the potential to continue strengthening today." IHSG support is at 8,180-8,230, while resistance is at 8,350-8,430.
Analyst at Binaartha Sekuritas, Ivan Rosanova, stated the IHSG will test the daily SMA-20 line. "Potential to continue the upward trend toward 8,596 if the daily close is above it," he said. Further support levels are at 8.071, 7.803, 7.617, and 7.362; resistance at 8.377, 8.596, and 8.837. He recommended stocks such as PT Astra International Tbk (ASII) with a target of 7,100, PT Bank Central Asia Tbk (BBCA) target 8,175, PT Bank Negara Indonesia Tbk (BBNI) target 4,730, PT Barito Pacific Tbk (BRPT) target 2,390, and PT Elang Mahkota Teknologi Tbk (EMTK) target 1,040.
Nevertheless, global markets are still shadowed by concerns over the artificial intelligence sector, though oil prices are pressured by progress in Iran-US nuclear negotiations.