IHSG Expected to Keep Climbing This Week, Approaches Resistance Level

April 28, 2025 | 05:44 pm

TEMPO.CO, Jakarta - The Composite Stock Price Index (IHSG) rose by 3.74 percent last week, parked at 6,678.9 during the period of April 21 to 25.

"IHSG experienced an upward movement over the week,” said the Indonesia Stock Exchange (BEI) corporate secretary Kautsar Primadi Nurahmad in a written statement quoted on Monday, April 28, 2025.

Last week, the average daily transaction frequency decreased 4.88 percent, from 1.17 million transactions to 1.11 million. Moreover, the average daily value traded on the BEI declined as the week progressed. The average daily transaction value for the week has decreased by 24.02 percent from Rp14.56 trillion the previous week to Rp11.06 trillion.

Additionally, the average daily IHSG transaction volume dropped by 19.09 percent this week, amounting to 18.23 billion shares from 22.54 billion shares the previous week.

Meanwhile, the biggest increase occurred in the BEI market capitalization, rising by 3.97 percent to Rp11.561 trillion from Rp11.120 trillion the previous week. "Today, foreign investors recorded a net buying value of Rp173.18 billion, and throughout 2025, foreign investors recorded a net selling value of Rp50.7 trillion," said Kautsar.

Equity Analyst at PT Indo Premier Sekuritas (IPOT), Dimas Krisna Ramadhani, expects IHSG to keep rising this week, to 6,700-6,900, indicating resistance levels.

"If this week the IHSG can hold at the support level of 6,500, it opens up opportunities for it to continue strengthening to that of a resistance level," he said in an official statement on Monday, April 28.

However, the potential increase is only temporary or a mark-up, not a sign of a reversal downtrend or a continuous shift from a declining trend to a climb, so long as no significant changes in foreign flow data or the conditions of the global market are detected.

Ilona Esterina contributed to the writing of this article.

Editor’s Choice: IHSG Climbs 3.74% in a Week as Market Cap Touches Rp11,561 Trillion

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