The Composite Stock Price Index (IHSG) opened up about 0.2 percent to around 8,970 on Monday (January 26, 2026), nearing 9,000, as market players remained cautious ahead of the US Federal Reserve's decision. Analysts forecast consolidation in the 8,850-9,050 range, with rebound potential if it breaks above 9,050. Global factors like US economic data and MSCI methodology changes are also in focus.
On the opening of trading Monday (January 26, 2026), the Composite Stock Price Index (IHSG) of the Indonesia Stock Exchange (BEI) rose 16.72 points or 0.19 percent to 8,967.73, according to Republika data. Meanwhile, VIVA reported a gain of 21 points or 0.24 percent to 8,972, indicating early session fluctuations. The LQ45 index dipped slightly 0.59 points or 0.07 percent to 872.99.
Market players adopted a wait-and-see stance ahead of the Federal Open Market Committee (FOMC) meeting on January 27-28, 2026, expected to maintain the benchmark interest rate at 3.5-3.75 percent. "IHSG is estimated to consolidate in the 8,850-9,050 range before determining the next direction. If IHSG closes above 9,050, it has the potential to continue rebounding," said Ratna Lim, Head of Research at Phintraco Sekuritas.
Fanny Suherman, Head of Retail Research at PT BNI Sekuritas, added that IHSG has rebound potential if it holds support at 8,880, with resistance at 9,000-9,050. However, pre-market projections from Binaartha Sekuritas analyst Ivan Rosanova warned of a continuing correction if below 9,005, heading to support at 8,770-8,790, though the actual opening showed strength.
Globally, Wall Street on Friday (January 23, 2026) was mixed: Dow Jones fell 0.58 percent to 49,098.71, S&P 500 rose 0.03 percent to 6,915.61, Nasdaq gained 0.34 percent to 25,065.47. Asian markets Monday morning were mixed: Nikkei down 1.89 percent to 52,829.69, Shanghai up 0.40 percent to 4,152.64.
Domestically, attention is on the MSCI free float share methodology announcement before January 30, 2026, effective May 2026. Upcoming economic data includes US Durable Goods Orders and PPI, as well as China's PMI. Danantara targets investments up to $14 billion this year, up from $8 billion last year.
