Ajaib Sees Indonesia’s IHSG Trading at 5,200–5,300 Amid Rupiah Pressure

• Indonesia’s IHSG is forecast to trade at 5,200–5,300 on October 28, 2026, following a 1.99% decline to 5,266.
• The rupiah’s 8.6% year-to-date depreciation to IDR 18,173 per USD is raising equity risk premiums, capital costs and domestic asset discount rates.
• ADMR is recommended for accumulation at IDR 1,255, with a target of IDR 1,290 and stop-loss at IDR 1,220.
• MBMA is a buy on weakness at IDR 330, targeting IDR 338 with a stop-loss at IDR 318.
• AMMN offers a potential short-term reversal; buy on weakness at IDR 3,760, targeting IDR 3,870 with a stop-loss at IDR 3,500.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PT Ajaib Teknologi Indonesia published the original content used to generate this news brief on October 28, 2026, and is solely responsible for the information contained therein.