IHSG Poised for Technical Rebound Amid Market Pressure

Head of Retail Research at BNI Sekuritas, Fanny Suherman, predicts that the Jakarta Composite Index (IHSG) will experience a technical rebound in Wednesday's trading session (February 26, 2025).

According to RTI Business data, the index closed down 2.41% at 6,587 on Tuesday (February 25, 2025). A total of 21.277 billion shares were traded, with a transaction value of IDR 11.785 trillion.

Given the sharp decline in the previous session, Fanny anticipates that IHSG will move within a support range of 6,525-6,550 and a resistance range of 6,600-6,700.

"IHSG has the potential for a technical rebound today after a significant correction yesterday," Fanny stated in her daily research report on Wednesday (February 26, 2025).

Wall Street and Asian Markets Under Pressure, Investors Await Nvidia Report

Fanny also noted that Wall Street indices mostly weakened on Tuesday (February 25, 2025), as concerns over global economic growth and trade tensions weighed on the market.

Meanwhile, Asian stock markets also saw a downturn, driven by worries over potential U.S. investment restrictions on China.

"Investors are currently awaiting Nvidia’s earnings report, which is set to be released today," she added.

BNI Sekuritas’ Stock Recommendations

In light of current market conditions, BNI Sekuritas has highlighted several stocks that investors should consider:

BBRI – Spec buy at 3,800, with a cut loss if it falls below 3,750. If it holds above 3,750, potential upside to 3,850-3,930 in the short term.

PTRO – Buy if it breaks 3,300, with a target sell range of 3,400-3,500 in the short term. If it fails to break 3,300, consider placing buy orders in the 3,000-3,150 range, with a cut loss below 3,000.

MDKA – Spec buy at 1,500-1,520, with a cut loss if it breaks below 1,500. If it holds, potential rise to 1,650-1,700 in the short term.

ASII – Spec buy at 4,520-4,550, with a cut loss if it breaks below 4,520. If it holds, potential upside to 4,600-4,630 in the short term.

RATU – Spec buy at 7,400, with a cut loss if it breaks below 7,200. If it holds, potential upside to 7,600-7,800 in the short term.

CBDK – Spec buy at 7,175, with a cut loss if it breaks below 7,000. If it holds, potential rise to 7,400-7,500 in the short term.

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