The Composite Stock Price Index (IHSG) has the potential to reverse course and strengthen, testing the range of 7,109–7,270 in today’s trading session on Wednesday (April 29, 2026). Several stocks such as BRIS, EMAS, INET, and TLKM are included in analysts’ recommendation lists. The MNC Sekuritas analyst team reported that IHSG declined by 0.48% to 7,072 in Tuesday’s session (April 28, 2026), with selling pressure still dominating despite a decrease in trading volume.

From a technical standpoint, MNC Sekuritas assesses that IHSG is currently positioned in wave [v] under the black label or alternatively at the end of wave [b] within wave B under the red label. “The correction in IHSG is expected to remain limited, testing the range of 6,983–7,009, with potential for short-term strengthening toward 7,109–7,270,” wrote the MNC Sekuritas analyst team in its daily research report on Wednesday (April 29, 2026).

For today’s session, support levels for IHSG are estimated at 7,022 and 6,917, while resistance levels are projected in the range of 7,313 to 7,484. The stocks recommended by MNC Sekuritas include BRIS, EMAS, INET, and TLKM.

In Tuesday’s trading session (April 28, 2026), IHSG closed lower by 0.48%, or down 32.12 points, at 7,072.39. The index opened at 7,128.46 and reached an intraday high of 7,151.50 before reversing into negative territory. Based on data from the Indonesia Stock Exchange (BEI), 339 stocks advanced, 350 declined, and 129 remained unchanged. Market capitalization was recorded at Rp12,617 trillion.

The decline in IHSG was mainly driven by weakness in several large-cap stocks, including AMMN, DSSA, and TPIA. Among big-cap stocks, PT Bank Negara Indonesia (Persero) Tbk. (BBNI) was one of the gainers, rising 1.88% to Rp3,790. This was followed by PT Pantai Indah Kapuk Dua Tbk. (PANI), which increased by 1.18% to Rp8,550, and PT Bank Mandiri (Persero) Tbk. (BMRI), which gained 0.68% to Rp4,430.

On the other hand, the biggest downward pressure came from PT Amman Mineral Internasional Tbk. (AMMN), which fell 5.09% to Rp5,125, and PT Dian Swastatika Sentosa Tbk. (DSSA), which dropped 4.34% to Rp1,765 per share. PT Chandra Asri Pacific Tbk. (TPIA) also declined by 3.48% to Rp5,550, followed by PT Unilever Indonesia Tbk. (UNVR), which slipped 2.30% to Rp1,485.

Meanwhile, the top gainers list was led by PT Kokoh Exa Nusantara Tbk. (KOCI), which surged 34.82% to Rp151, and PT Sinergi Inti Andalan Tbk. (ESIP), which rose 34.75% to Rp159 per share. Conversely, the top losers were led by PT Jaya Agra Wattie Tbk. (JAWA), which dropped 14.56% to Rp176, and PT Mitrabahtera Segara Sejati Tbk. (MBSS), which declined 12.81% to Rp2,110 per share.

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