The Jakarta Composite Index (IHSG) showed signals of optimism at the start of this week's trading, Monday (6/7/2026). After recording a significant increase of 2.28 percent in the previous session, the domestic index is now targeting a crucial resistance area at the 5,900 to 5,950 level, with a short-term target in the range of 6,000 to 6,150.
Although market sentiment tends to be positive, market participants still need to watch out for net selling by foreign investors, which reached IDR 16.6 billion at the end of last week. Several large-cap stocks such as BBRI, MAPI, TPIA, EMAS, and ISAT were the main targets of asset divestment by foreign investors. Currently, analysts set the IHSG support range at the 5,780–5,850 level, while resistance is pegged at 5,950–6,000.
The positive sentiment for the IHSG was also driven by the performance of Asian stock markets, which were uniformly in the green zone. South Korea's Kospi index led the gains with a 5.76 percent surge, followed by Japan's Nikkei 225 at 1.47 percent, Hong Kong's Hang Seng up 1.28 percent, and Singapore's Straits Times strengthening by 0.26 percent. This phenomenon was triggered by sector rotation by global investors from tech-based stocks to other sectors.
On the other hand, global markets monitored the dynamics of Wall Street, which ended mixed. The Dow Jones Industrial Average set a record high after gaining 1.14 percent in response to slowing US employment data, triggering speculation that the Fed will be more restrained in its interest rate policy. Conversely, the Nasdaq index corrected by 0.8 percent due to a sell-off in semiconductor sector stocks, such as Nvidia and Micron Technology.
