Ajaib Sees Indonesia’s IHSG Trading at 5,200–5,300 Amid Rupiah Pressure
Bitget2026/10/28 02:06- Indonesia’s IHSG is forecast to trade at 5,200–5,300 on October 28, 2026, following a 1.99% decline to 5,266.
- The rupiah’s 8.6% year-to-date depreciation to IDR 18,173 per USD is raising equity risk premiums, capital costs and domestic asset discount rates.
- ADMR is recommended for accumulation at IDR 1,255, with a target of IDR 1,290 and stop-loss at IDR 1,220.
- MBMA is a buy on weakness at IDR 330, targeting IDR 338 with a stop-loss at IDR 318.
- AMMN offers a potential short-term reversal; buy on weakness at IDR 3,760, targeting IDR 3,870 with a stop-loss at IDR 3,500.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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