Indonesian Stock Market Analysis for January 12, 2026

Market Outlook

The Indonesian Composite Stock Price Index (IHSG) is projected to move consolidatively with an upward trend on January 12, 2026. This projection is based on various analyses from market experts who cite both global and domestic factors influencing the market ³

Key Influencing Factors

1. Global Geopolitical Risks: Ongoing conflicts such as the US-Venezuela tensions continue to impact global market sentiments. Investors are closely monitoring these developments as they have the potential to affect market stability ¹
   Source 1

   https://investasi.kontan.co.id/news/cermati-rekomendasi-saham-pilihan-hari-ini-121-ihsg-diproyeksi-bergerak-mixed
   ²
   Source 2

   https://investasi.kontan.co.id/news/ihsg-berpotensi-terkoreksi-pada-senin-121-intip-saham-rekomendasi-analis
   .
2. Upcoming Economic Data: The release of US inflation data and non-farm payroll figures are crucial in determining future monetary policy directions, particularly regarding interest rate adjustments by The Fed ¹
   Source 1

   https://investasi.kontan.co.id/news/cermati-rekomendasi-saham-pilihan-hari-ini-121-ihsg-diproyeksi-bergerak-mixed
   .
3. Domestic Economic Fundamentals: Indonesia's economic fundamentals remain solid, supporting the potential for market growth. The IHSG has shown resilience with a 0.13% increase to 8,936.75 as of January 9, 2026 ⁶
   Source 6

   https://investasi.kontan.co.id/news/cek-rekomendasi-saham-antm-asii-bbca-medc-dan-smgr-untuk-hari-ini-121
   .

Sector Performance and Recommendations

• Property and Mining Sectors: Analysts from IPOT recommend focusing on the property and mining sectors due to their growth potential. The IHSG's recent bullish trend is expected to continue, supported by significant foreign investor inflows amounting to approximately Rp1.6 trillion ⁴
  Source 4

  https://investasi.kontan.co.id/news/bullish-ihsg-diprediksi-berlanjut-ipot-rekomendasikan-sektor-properti-dan-tambang
  .
• Technical Analysis: The MACD indicator shows a bullish momentum, suggesting continued positive movement. Key support levels are identified at 8,839, 8,714, and 8,599, while resistance levels are at 8,995, 9,052, and 9,123 ⁶
  Source 6

  https://investasi.kontan.co.id/news/cek-rekomendasi-saham-antm-asii-bbca-medc-dan-smgr-untuk-hari-ini-121
  .

Analyst Insights

• Hans Kwee, Co-Founder of Pasardana, notes a visible sector rotation in the US market, with investors shifting towards AI-related stocks. This trend could influence Indonesian market dynamics ³
  Source 3

  https://investasi.kontan.co.id/news/ihsg-berpeluang-konsolidasi-menguat-hari-ini-121-cek-sentimen-yang-menopangnya
  .
• David Kurniawan from IPOT highlights the combination of global and domestic sentiments as key drivers for the IHSG's continued strength ⁴
  Source 4

  https://investasi.kontan.co.id/news/bullish-ihsg-diprediksi-berlanjut-ipot-rekomendasikan-sektor-properti-dan-tambang
  .

Conclusion

The IHSG is poised for a consolidative upward movement on January 12, 2026, driven by a mix of global and domestic factors. Investors are advised to monitor geopolitical risks, upcoming economic data, and sector-specific opportunities.