Research

IHSG: What Comes Next? Tactical. Algo Research Alpha Plays

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Algo Research Team

Market | Apr 15, 2026 | Views: 2013

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Key Summary:

  • Short-term overheats, but risk-reward provides opportunities
  • Technical is likely a repeat of 2022-2023 sideways market
  • Alphas: AMMN, INKP, PTRO, ARKO, BNBR, NOBU, ESSA, SRTG

2026 turns out to be one of the toughest and most volatile years for investors in Indonesia, with a sequence of negative developments appearing every month, ranging from a potential MSCI downgrade, the Middle East war, and fiscal deterioration.


Yet, IHSG has rebounded significantly over the past week, up +9% from its low of 7,000 to now around 7,600, though still down by -16% from its all-time high at 9,100.

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