The Composite Stock Price Index (IHSG) is projected to continue weakening toward the 6,644-6,727 range during Wednesday’s trading session (13/5/2026). However, several stocks such as BBCA, BIRD, and ISAT remain included in analysts’ recommendation lists. Analysts from MNC Sekuritas noted that the IHSG declined by 0.68% to 6,858 during trading on Tuesday (12/5/2026). The index movement was still dominated by selling pressure and formed a lower low pattern. According to MNC Sekuritas, the IHSG is currently still moving within wave [v] of wave A from wave (2). The previously projected correction area at 6,838 has also been reached.

“In the worst-case scenario, the IHSG remains vulnerable to further correction toward the 6,644-6,727 range, while investors should also pay attention to the gap area at 6,538-6,585. Meanwhile, the nearest strengthening area for the IHSG is estimated at 6,870-6,895,” wrote MNC Sekuritas analysts in their daily research report on Wednesday (13/5/2026).

For today’s trading session, IHSG support levels are projected at 6,745 and 6,682, while resistance levels are estimated at 6,917 and 7,069. Stocks recommended by MNC Sekuritas include PT Bank Central Asia Tbk. (BBCA), PT Blue Bird Tbk. (BIRD), PT Indosat Tbk. (ISAT), and PT Sanurhasta Mitra Tbk. (MINA).

Previously, the IHSG closed lower at 6,858.89 during Tuesday’s trading session (12/5/2026). The decline in the composite index was driven by corrections in several big-cap stocks ranging from BREN to ASII. Based on data from the Indonesia Stock Exchange (BEI), the IHSG closed down 0.87% or 46.70 points at 6,858.89. Throughout the session, the index opened at 6,949.84 and reached an intraday high of 6,977.28. A total of 207 stocks advanced, 463 stocks declined, and 151 stocks remained unchanged. Meanwhile, the market capitalization of the exchange stood at Rp12,171 trillion.

Research from Mirae Asset Sekuritas Indonesia noted that heavyweight stocks were the primary drag on the IHSG’s performance. Among the big-cap stocks, only PT Dian Swastatika Sentosa Tbk. (DSSA) posted gains of 2.64% to Rp1,165, while PT Bank Negara Indonesia (Persero) Tbk. (BBNI) rose 2.36% to Rp3,910.

On the other hand, PT Barito Renewables Energy Tbk. (BREN) recorded the steepest decline among big caps after falling 4.75% to Rp3,610. Weakness was also seen in PT Bayan Resources Tbk. (BYAN), which dropped 3.80% to Rp11,400, and PT Astra International Tbk. (ASII), which declined 3.31% to Rp5,850.

“Only the transportation sector index managed to stay positive, while the industrial and infrastructure sectors became the two sectors leading the decline,” wrote Mirae Asset Sekuritas in its daily research publication on Tuesday (12/5/2026).

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