Jakarta – The Indonesian stock market is facing a potential correction next week, according to analysts at MNC Sekuritas, while still offering opportunities for strategic gains. The Composite Index (IHSG) closed Thursday, January 15, 2026, in positive territory, but increased selling pressure suggests a possible pullback. Investors are now closely watching key support and resistance levels as market sentiment shifts in Southeast Asia’s largest economy,with projections ranging from 8,970 to 9,151 points. Below are MNC Sekuritas’ stock picks for navigating the market beginning Monday, January 19, 2026.
IDXChannel – The Indonesian stock market, measured by the Composite Index (IHSG), is projected to experience a correction to 8,970 points next week, beginning Monday, January 19, 2026. However, analysts are also identifying potential areas for gains.
“Investors should monitor a potential correction range between 8,970 and 9,039, and also watch for upward momentum between 9,123 and 9,151,” according to research from MNC Sekuritas, released Sunday, January 18, 2026.
Support levels are seen at 8,956 and 8,908, while resistance is expected around 9,077 and 9,012. The IHSG’s performance is a key indicator of investor sentiment in Southeast Asia’s largest economy.
The IHSG continued its upward trend at the close of trading on Thursday, January 15, 2026, closing in positive territory with a gain of 0.47 percent to reach 9,075.
“This advance was accompanied by increased selling pressure, and the target of 9,100 has already been achieved,” the research note stated.
Here are MNC Sekuritas’ stock picks for the week beginning Monday, January 19, 2026:
