IHSG Projected to Reach 6,900-7,050, Stock Recommendations from CGS, Phintraco, and MNC
2026-04-08
Bittime - Composite Stock Price Index (IHSG) It is predicted that the stock will strengthen in trading on Wednesday, April 8, 2026, after previously closing down 18.4 points (0.26%) to 6,971.027 on Tuesday (7/4).
Analysts from various securities companies have provided quite optimistic projections, with a support level of 6,900 and resistance at 7,050.
Key Takeaways
The JCI is projected to rebound to the 6,900–7,050 range, supported by the US-Iran ceasefire, Wall Street's strengthening, and Indonesia's continued status on the FTSE Secondary Emerging Market.
Three securities companies (CGS International, Phintraco, and MNC) recommend potential profit-making stocks such as AKRA, CPIN, JPFA, BMRI, ESSA, and INKP for today's trading.
MNC Sekuritas projects the JCI's best case at 7,323–7,450, while Phintraco sees consolidation at 6,900–7,050 due to uncertainty surrounding the Iran war.
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Positive Sentiment Drives JCI Rebound
Several key sentiments are predicted to lift the JCI today:
- Pakistan-mediated two-week US-Iran ceasefire.
- Most of the indexes on Wall Street closed higher.
- FTSE maintains Indonesia's status in Secondary Emerging Market.
- The IDX is optimistic about completing the FCA trading system evaluation in the second quarter of 2026.
JCI Projections from Three Securities
CGS International Securities Indonesia
- Support: 6.900–6.830
- Resist: 7.040–7.115
- Projection: IHSG will rebound and move up.
Phintraco Securities
- Range: 6.900–7.050
- Projection: The JCI will continue to consolidate due to geopolitical uncertainty in the Middle East ahead of the deadline set by US President Donald Trump for Iran.
MNC Securities
- Variative projections: could weaken to 6,745–6,849 or strengthen to 7,323–7,450.
- Best case: The JCI has completed wave A and will continue to strengthen to 7,323–7,450.
Read also:11 Most Actively Traded Indonesian Stocks in 2026
Stock Recommendations Ready to Profit Today
The following is a list of stocks recommended by each security for trading on Wednesday, April 8, 2026:
CGS International Securities Recommendations (6 stocks):
- SHARP
- INDY
- MEDC
- JPFA
- CPIN
- MAP
Phintraco Securities Recommendations (5 stocks):
- THAT
- SHARP
- BRPT
- CPIN
- JPFA
MNC Securities Recommendations (4 stocks):
- SHARP
- BMRI
- CMRY
- INKP
> Notes: AKRA, CPIN, and JPFA shares are recommended by two securities companies at once (CGS & Phintraco), making them quite attractive shares.
Read also:BBCA Stock: Strong Fundamentals, Stable Dividends & Long-Term Prospects
The Impact of the Iran War on the JCI
Geopolitical uncertainty remains a negative factor overshadowing the JCI's movement. Phintraco analysts noted that uncertainty over the prospect of a ceasefire between the US and Iran is a negative factor worth monitoring.
However, on the other hand, hopes for a peace agreement after Pakistani Prime Minister Donald Trump asked to postpone the planned attack for two weeks have become a positive sentiment that has pushed the JCI to a potential rebound.
Read also:What is MSFTON and How to Buy MSFTON on Bittime
Other Supporting Factors
Apart from global sentiment, domestic factors also contribute:
- The IDX is optimistic that the evaluation of the Full Call Auction (FCA) trading system will be completed in the second quarter of 2026.
- The FCA evaluation is an integral part of Indonesia's major capital market reform agenda.
Conclusion
The JCI is projected to move in the range of 6,900–7,050 in trading today, Wednesday, April 8, 2026, with the potential for a rebound supported by the US-Iran ceasefire and technical factors from the IDX.
Investors can examine stock recommendations from CGS International, Phintraco, and MNC Securities, with the note that AKRA, CPIN, and JPFA are stocks recommended by more than one security.
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FAQ
What is the JCI prediction for today, Wednesday, April 8, 2026?
The JCI is predicted to move in the range of 6,900–7,050 with the potential for a stronger rebound.
What positive sentiments drove the JCI to rebound?
The US-Iran ceasefire, Wall Street's strengthening, and Indonesia's continued status on the FTSE Secondary Emerging Market.
What stocks does CGS International recommend?
AKRA, INDY, MEDC, JPFA, CPIN, and MAPA.
What stocks are recommended by more than one security?
AKRA, CPIN, and JPFA are recommended by CGS International as well as Phintraco Securities.
What is the best case projection from MNC Securities?
MNC Sekuritas projects the best case for the JCI to be at 7,323–7,450 if wave A is completed.
Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.
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