Indonesian Stock Market Projected to Rise Limitedly on Friday

Market Overview

The Indonesian Composite Stock Price Index (IHSG) closed with a slight gain of 0.33% at 8,640.20 on Thursday (4/12/2025) ¹

. Despite positive sentiment from expectations of The Fed's interest rate cut next week, the rise was constrained by declines in major stocks such as BREN, BBCA, and TPIA.

Technical Analysis

Reza Diofanda from BRI Danareksa Sekuritas noted that IHSG remains in a bullish trend as it stays above the MA9 line. The index is expected to have limited upside potential with the nearest resistance at 8,665 and support at 8,590.

Market Sentiment

The market is currently influenced by expectations of monetary easing in the US, which is providing some positive sentiment. However, the performance of major stocks will be crucial in determining the index's movement.