The Composite Stock Price Index (IHSG) opened up 43 points or 0.49% at 8,969 on Friday, January 9, 2026, following a slight decline the previous day. Analysts predict potential further gains if it holds key support levels. This is influenced by China's anti-dumping probe into Japan and weak US jobs data.
The Composite Stock Price Index (IHSG) started trading on Friday, January 9, 2026, with a gain of 43 points or 0.49%, reaching 8,969. This marks a rebound from Thursday's close, which fell 0.22% to 8,925.47 after touching around 9,000 intraday.
Head of Retail Research at PT BNI Sekuritas, Fanny Suherman, predicts the IHSG could continue rising if it holds the 8,900 support. "IHSG still has potential to continue the increase today if it strongly holds at support 8,900," she said in her daily research. She sets support at 8,900-8,920 and resistance at 8,950-9,000.
Meanwhile, Binaartha Sekuritas analyst Ivan Rosanova sees rebound opportunities with support at 8.839, 8.714, 8.599, and 8.493, and resistance at 9.052, 9.123, and 9.169. "However, (IHSG) still has potential to continue the uptrend to test resistance 9.052," he stated.
This movement comes amid most Asian markets declining on Thursday. Japan's Nikkei 225 weakened 1.63%, Hong Kong's Hang Seng fell 1.17%, and China's CSI 300 dropped 0.82%. Markets are watching China's anti-dumping investigation into chip raw materials from Japan, heating bilateral tensions.
In the US, jobs data showed weakening, supporting speculation of two Federal Reserve rate cuts this year. Wall Street was mixed: Dow Jones rose 0.55%, Nasdaq fell 0.44%, with rotation out of tech stocks like Nvidia (down 2%) and Apple (seventh straight decline). Positive sentiment came from the defense sector after President Donald Trump's proposal for a $1.5 trillion budget in 2027, up from $901 billion for 2026.
Analysts also recommend potential stocks like BBRI (target 3,870) and BMRI (target 5,100) for accumulation.