IHSG Projected to Rise: MNC Sekuritas Analysis

Positive Technical Indicators Support Upside Potential

The Composite Stock Price Index (IHSG) closed 2025's final trading session with a slight gain of 0.031% to 8,646.94. According to Herditya Wicaksana, Head of Retail Research at MNC Sekuritas, this modest increase was primarily driven by buying volume. The index's ability to close above the MA20 moving average on the previous trading day provided positive technical confirmation.

Technical Analysis and Projections

MNC Sekuritas has outlined multiple scenarios for IHSG movement in the coming period. In the best-case scenario, the firm believes that IHSG has completed wave [iv] of wave 5, creating potential for further upward movement. This technical formation suggests that the index could target the 8,730-8,905 range in the near term. The projection is based on Elliott Wave Theory, a technical analysis tool used to predict price movements based on investor psychology and market cycles.

Market Implications

The positive technical outlook is supported by the dominance of buying activity in the market. This buying pressure indicates investor confidence, potentially driven by favorable market conditions or positive economic indicators. If the IHSG reaches the projected levels, it would represent a significant development for the Indonesian stock market, potentially attracting further investor interest and capital inflows.