Bisnis.com, JAKARTA – PT OCBC Sekuritas Indonesia maintains an optimistic outlook for the Jakarta Composite Index (IHSG) throughout 2026. Despite recent market volatility, the brokerage firm anticipates the benchmark index could strengthen considerably, potentially reaching the 10,000 mark this year.
According to Betty Goenawan, President Director of OCBC Sekuritas, the anticipated upward trajectory of the IHSG in 2026 will primarily be fueled by robust performance from stocks within the commodity, banking, and consumer sectors.
“We remain optimistic that the IHSG will breach the 10,000 level in 2026,” Goenawan stated at the Indonesia Stock Exchange (BEI) on Monday, January 26, 2026. “While it might currently hover between 8,000–9,000, we are confident it will reach 10,000.” This reiterates the firm’s positive conviction.
Regarding the performance of banking stocks, the upcoming MSCI rebalancing is expected to provide a crucial impetus for a sector that has faced pressure throughout 2026. For instance, PT Bank Central Asia Tbk. (BBCA) has seen a year-to-date decline of 6.50%, and PT Bank Mandiri (Persero) Tbk. (BMRI) is down 4.51% YtD.
Meanwhile, the commodity sector, encompassing areas like mining and gold, is projected to sustain its growth momentum through 2026, driven by consistent market demand for these products. Goenawan reiterated her firm’s confidence in the sector, stating, “We remain optimistic about banking stocks. We anticipate some improvement post-MSCI rebalancing, as the fundamentals of these companies are inherently strong. The banking sector will continue to be positive.”
As for the consumer sector, despite ongoing concerns about weakening purchasing power affecting listed companies, recent government stimulus packages are widely expected to re-energize and strengthen consumer stock performance. Particularly following the MSCI rebalancing, a significant strengthening of the Indonesian equity market is widely anticipated. While the new MSCI methodology could potentially introduce some market sentiment shifts, Indonesia is still perceived as an attractive emerging market within ASEAN.
Goenawan acknowledged the possibility of minor outflows due to MSCI changes but emphasized, “Currently, we still see significant opportunities for Indonesia. When compared to other ASEAN nations, Indonesia’s growth trajectory remains quite positive.”
OCBC Sekuritas to Facilitate Four IPOs in 2026
In a significant development, OCBC Sekuritas announced its plans to assist at least four companies in listing on the Indonesia Stock Exchange (BEI) during 2026. Specifically, one company is slated for an Initial Public Offering (IPO) in the first quarter of 2026, followed by two in the second quarter, and another in the third quarter.
“These are not large-cap companies; they fall into the medium-cap category, with each valued above Rp250 billion,” Goenawan clarified to reporters at the BEI on Monday, January 26, 2026. “The first company is expected to debut in March of the first quarter of 2026.”
These four prospective issuers represent diverse sectors, including logistics, technology, and Fast-Moving Consumer Goods (FMCG). However, Betty Goenawan refrained from disclosing whether these companies are affiliated with prominent Indonesian conglomerates. Goenawan reiterated her view that technology and consumer sector stocks hold significant potential for strengthening this year, particularly in the consumer segment where government stimulus measures are anticipated to bolster performance.
Nevertheless, Betty Goenawan firmly emphasized that OCBC Sekuritas will exclusively serve as an underwriter for companies demonstrating robust fundamental conditions, underscoring their commitment to sound investment principles. Providing further insight into the upcoming IPOs, Goenawan added, “For the second and third quarters, we have companies related to integrated systems, falling under the technology category, followed by those in FMCG and consumer products.”
Disclaimer: This news article is not an invitation to buy or sell stocks. Investment decisions are solely at the discretion of the reader. Bisnis.com is not responsible for any losses or gains arising from the reader’s investment decisions.