IHSG Opens 0.53% Higher Driven by BREN, BMRI, and DSSA Gains

IHSG Market Update: Stocks Open Higher Amidst Global Uncertainty, Wednesday, April 29, 2026

JAKARTA – The Composite Stock Price Index (IHSG) opened in positive territory during Wednesday’s trading session (April 29, 2026). The majority of stocks moved into the green zone early on, bolstered by significant gains in major big-cap companies, including BREN and BMRI.

Data from IDX Mobile indicates that the IHSG opened 0.53% higher, rising 37.17 points to reach the 7,109 level at 09:00 AM WIB. Market breadth was positive, with 322 stocks advancing, 141 declining, and 496 remaining stagnant. Trading activity began with a volume of 2 billion shares, amounting to a total transaction value of Rp545.5 billion.

Prominent big-cap stocks leading the morning rally included BREN, which climbed 0.86% to Rp4,690, BBRI, which rose 0.98% to Rp3,100, and BMRI, which gained 0.68% to open at Rp4,460. Other notable movers included DSSA (+0.28% to Rp1,770), TLKM (+0.35% to Rp2,830), ASII (+2.49% to Rp6,175), MORA (+0.60% to Rp5,000), CUAN (+1.56% to Rp1,305), and BBNI (+1.32% to Rp3,840).

Despite the morning optimism, the research team at Phintraco Sekuritas anticipates potential weakness later in the session. From a technical perspective, the IHSG’s previous 0.48% correction to 7,072 on Tuesday (April 28) was accompanied by a continuing negative MACD histogram and an Stochastic RSI entering the oversold territory. The index also trended near a gap down at the 7,022 level.

“We project that the IHSG has the potential to test the psychological support level at 7,000 as global uncertainty mounts and crude oil prices continue their upward trend,” the brokerage stated in its daily research note.

Market analysts note that investors are currently focused on the upcoming Federal Reserve meeting and the subsequent comments from the Fed Chair, expected later this Wednesday. Furthermore, market participants are keeping a close watch on key US economic data arriving this week, including housing starts, building permits, and durable goods orders today, followed by the PCE price index and Q1 2026 GDP data on Thursday (April 30). Domestically, investors continue to monitor Q1 2026 earnings reports and corporate actions such as dividend distributions and rights issues.

Meanwhile, BRI Danareksa Sekuritas reported that the previous session’s correction, which saw foreign net sells reach Rp1.24 trillion on Tuesday, was primarily triggered by global instability. Specifically, the ongoing conflict in the Middle East and the ambiguity surrounding the Iran–US proposal regarding the Strait of Hormuz have kept global oil prices elevated, stoking inflation fears. While the Bank of Japan maintained its interest rate at 0.75%, the broader market remains in a wait-and-see mode ahead of the Fed’s policy decision.

“For Wednesday, we expect the IHSG to trade within a limited range, with a tendency to test the gap area near the psychological level of 7,000,” the firm noted. “As long as the index can hold above this level and achieve a technical rebound, there remains an opportunity for an uptrend toward resistance levels between 7,160 and 7,230.”

Ultimately, market sentiment today remains heavily dictated by the developments in Iran–US negotiations, their impact on oil pricing, and the trajectory of US monetary policy.

Disclaimer: This news report is provided for informational purposes only and does not constitute a recommendation to buy or sell any securities. All investment decisions are the sole responsibility of the reader. The publisher is not liable for any losses or gains resulting from investment decisions made based on this content.