Research

IHSG: What Triggered the Crisis Level Drop? Tactical Buy

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Algo Research Team


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Key Summary:


  • This week's panic selling represents an opportunity
  • Conglo stocks driving the sell-off, but has rebounded
  • Fundamental is weak, but outflows should subside

This week marked the first time in 5 years since the pandemic that the Indonesian stock exchange was halted during the first trading session after breaching the -5% daily limit.


IHSG has reversed its losses decently in the past 2 days, implying that there was an element of panic selling from investors and traders across the board, not a major cause of concern.


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