Flooring Guide by Cinvex – , JAKARTA — The Jakarta Composite Index (IHSG) is projected to experience limited and sideways movement next week, technically stabilizing within the 7,000–7,200 range. This forecast comes as market participants keenly await crucial economic data releases.
According to the Phintraco Sekuritas research team, investors will be closely monitoring several key economic indicators in the coming week. These include the S&P Global Manufacturing PMI for March 2026, Indonesia’s trade balance for February 2026, and the inflation data for March 2026. These figures are anticipated to serve as primary catalysts, significantly influencing the IHSG’s direction.
Amid prevailing global uncertainty, investors are expected to maintain a cautious “wait and see” stance. “Investors will be anticipating a series of domestic economic data next week. The IHSG is expected to find resistance at 7,200 and support at 7,000,” the Phintraco team stated on Friday (February 27, 2026).
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In light of potential commodity price movements and evolving global market dynamics, Phintraco Sekuritas has highlighted several stocks for close observation next week. These recommendations include PT Medco Energi Internasional Tbk. (MEDC), PT Energi Mega Persada Tbk. (ENRG), PT Petrosea Tbk. (PTRO), PT Aneka Tambang (Persero) Tbk. (ANTM), and PT Petrindo Jaya Kreasi Tbk. (CUAN).
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The IHSG closed lower on Friday (March 27), primarily dragged down by persistent global uncertainties, particularly concerns surrounding the dynamics of relations between the United States and Iran.
At the close of trading on Friday (March 27), the IHSG settled at 7,097.06, marking a 0.94% decline from its previous closing level.
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The Phintraco Sekuritas research team further explained that market pressure intensified due to conflicting statements from the US and Iran regarding diplomatic efforts to de-escalate the conflict. This fueled investor anxieties about a potential broader escalation in geopolitical tensions.
Compounding this situation was a significant surge in crude oil and natural gas prices, triggering fears of disruptions to the global energy supply. The rise in energy costs is widely expected to stoke inflation, both globally and domestically, thereby adding further pressure on financial markets.
Mirroring the IHSG’s downturn, the rupiah also weakened, closing down 0.45% at Rp16,980 per US dollar in the spot market. This depreciation reflects the mounting external pressures impacting risk-sensitive assets.
On a sectoral basis, infrastructure stocks recorded the steepest decline, correcting by 1.29%, largely driven by investor sell-offs in project-based companies. Conversely, the energy sector emerged as a key support, gaining 0.35%, bolstered by rising global energy commodity prices.
Domestically, data for money supply (M2) indicated an 8.7% year-on-year growth in February 2026, a slowdown compared to the 10% growth registered in January 2026.
This growth was underpinned by a 14.4% increase in narrow money (M1) and a 3.1% rise in quasi-money. Furthermore, sustained growth in credit disbursement continued to support overall liquidity within the economy.
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