The Composite Stock Price Index (IHSG) opened up 0.29% at 8,959 on Wednesday, January 7, 2026, following gains in Asian and US markets. Analysts predict potential rally to 9,000, supported by bullish momentum despite warnings of correction after five consecutive days of gains.
On the opening of trading Wednesday, January 7, 2026, the IHSG rose 25 points or 0.29% to 8,959. The previous close on Tuesday reached an all-time high of 8,933.61 after gaining 0.84% or 74.42 points.
Head of Retail Research at PT BNI Sekuritas, Fanny Suherman, predicts the IHSG has potential to continue rising today. "IHSG still has potential to continue the increase today supported by the rise in US markets and a significant increase in nickel commodities. But be careful, because it has risen for 5 consecutive days, the IHSG will be vulnerable to correction," she said in her daily research.
Analyst from Binaartha Sekuritas, Ivan, estimates the IHSG could test the 9,000 level if it breaks resistance at 8,941, with potential up to 9,052 supported by bullish MACD indicators. Senior Market Chartist at Mirae Asset Sekuritas, M. Nafan Aji Gusta, added that the IHSG is in an uptrend with positive signals from Stochastics and RSI, along with strengthening trading volume.
This strength aligns with most Asian markets rising on Tuesday, such as Japan's Nikkei 225 +1.32% and Hong Kong's Hang Seng +1.38%, even as investors ignored geopolitical tensions related to the US attack on Venezuela. US markets also hit records, with S&P 500 +0.62%, Dow Jones +0.99%, and Nasdaq +0.65%, driven by tech stocks like Amazon (+3%) and Micron Technology (+10%).
Domestically, the Ministry of Finance assesses 2025 economic performance as solid to support 2026 growth through exports, manufacturing, and domestic demand. Bloomberg Intelligence projects Indonesia's GDP growth at 5.0% yoy, inflation at 2.75%, and recession risk at just 3%. Federal Reserve Governor Stephen Miran's statement highlights restrictive monetary policy, with a need for rate cuts of more than 100 bps throughout 2026.
IHSG support at 8,860-8,900, resistance 8,950-9,000. Analysts recommend stocks like MEDC (buy on weakness, target 1.385), PGAS (take profit 1.990), and PTBA.
