RRI.CO.ID, Jakarta - The Jakarta Composite Index (JCI) at the Indonesia Stock Exchange (IDX) is expected to rebound today after a sharp decline at last Friday’s close, when it fell 2.86 percent to 6,969.

The drop was accompanied by foreign investors’ net sell of IDR 485 billion, with the most heavily sold stocks including BMRI, BUMI, BREN, ADRO, and DSSA.

“IHSG has the potential for a short-term technical rebound today to the 7,070–7,130 range. But investors should use this momentum for ‘sell on high,’ as the index remains vulnerable to further corrections,” Head of Retail Research at BNI Sekuritas, Fanny Suherman, said in her analysis on Monday, May 11, 2026.

“Sell on high” refers to the strategy of selling shares once they reach peak levels or significant gains, aimed at securing profits before prices potentially decline again. Fanny projected JCI's support level today at 6,650–6,850, with resistance at 7,070–7,130.

Global stock markets moved mixed at the end of last week. U.S. markets strengthened, while most Asian markets closed lower. “The S&P 500 and Nasdaq indexes reached record highs driven by gains in artificial intelligence (AI)-related stocks,” Fanny said.

The S&P 500 rose 0.84 percent, Nasdaq gained 1.71 percent, and the Dow Jones Industrial Average edged up 0.02 percent. In addition, stronger-than-expected U.S. employment data showed resilience in the labor market. The April unemployment rate also remained stable at 4.3 percent.

“That condition reinforces expectations that the Fed will maintain interest rates for some time, likely between 3.50-3.75 percent until the end of the year,” Fanny added.

On the other hand, optimism over corporate earnings helped investors overlook renewed clashes between U.S. and Iranian forces in the Gulf region. In Asia, stock markets weakened at the end of last week due to rising tensions in the Middle East, which renewed concerns and tested the resilience of the recent market rally.

Japan’s Nikkei 225 fell 0.19 percent, South Korea’s Kospi gained 0.11 percent, Hong Kong’s Hang Seng dropped 0.87 percent, Taiwan’s Taiex declined 0.79 percent, and China’s CSI 300 slipped 0.58 percent. (Diffa Sephiawardhani/EN)