Phintraco Sekuritas forecasts that the Composite Stock Price Index (IHSG) will continue to rise in Friday’s trading session (April 10, 2026), with movements expected within the resistance level of 7,400, pivot at 7,300, and support at 7,200.

The brokerage also recommends five stocks with strong profit potential, including EMTK.

Phintraco Sekuritas explained that in the previous session, the IHSG closed higher at 7,307.59, gaining 0.39% after fluctuating throughout the trading day. Meanwhile, the rupiah weakened by 0.46% to Rp17,090 per US dollar in the spot market.

From a technical perspective, the IHSG remains above the MA20 level, while the formation of a positive MACD histogram is still ongoing. “With these conditions, the IHSG is expected to move upward and test the 7,350 level,” Phintraco Sekuritas stated in its research report on Friday (April 10, 2026).

Phintraco Sekuritas also noted that the World Bank has revised down Indonesia’s economic growth projection to 4.7% this year from the previous 4.8%, which is also below the government’s 2026 state budget target of 5.4%.

This downward revision is attributed to the expected impact of escalating conflict in the Middle East, which has driven up global energy prices.

“This revision aligns with the broader trend of economic slowdown in the East Asia and Pacific region excluding China, which is now projected to grow at 4.1%, down from the previous 4.4% estimate,” the firm added.

Domestic Data

Meanwhile, Phintraco Sekuritas reported that domestic motorcycle sales declined by 17.1% year-on-year (YoY) in March 2026, following a 1% YoY increase in February 2026. March sales also marked the lowest level in the past 11 months since April 2025.

“This represents the first annual decline in motorcycle sales since July 2025, likely due to shifts in consumer spending during Ramadan and ahead of Eid al-Fitr,” Phintraco Sekuritas explained.

On a monthly basis, sales in March fell by 23.6% compared to February, which had previously recorded a 1.7% increase. However, for the first quarter of 2026, motorcycle sales still grew by 4.1% YoY. Investors are now awaiting the release of consumer confidence data and car sales figures scheduled for today.

Phintraco Sekuritas recommends five stocks with strong profit potential, namely EMTK, CUAN, CTRA, ISAT, and BRPT.