The Indonesia Composite Index (IHSG) is expected to remain under downward pressure and continue its weakening trend during today’s trading session, Friday (June 5, 2026). Based on data from the Indonesia Stock Exchange (IDX), the benchmark index closed at 5,839.78 on Thursday (June 4, 2026), declining by 1.70% or 101.28 points.

During the session, 106 stocks recorded gains, while 623 stocks moved lower and 85 stocks closed unchanged. Meanwhile, total market capitalization stood at Rp10,284.95 trillion.

Among large-cap stocks, positive performance was still seen in shares of PT Amman Mineral Internasional Tbk. (AMMN), which advanced 5.74% to Rp3,500 per share. Shares of PT Telkom Indonesia (Persero) Tbk. (TLKM) also rose 1.75% to Rp2,900 per share.

On the other hand, several major stocks experienced notable declines. Shares of PT Chandra Asri Pacific Tbk. (TPIA) fell 14.86% to Rp1,375 per share, PT Pantai Indah Kapuk Dua Tbk. (PANI) dropped 4.80% to Rp6,450 per share, and PT Astra International Tbk. (ASII) declined 4.34% to Rp4,630 per share.

In addition, shares of PT Bank Negara Indonesia (Persero) Tbk. (BBNI) decreased by 4.20%, PT Barito Renewables Energy Tbk. (BREN) weakened 3.85%, and PT Bank Rakyat Indonesia (Persero) Tbk. (BBRI) lost 3.10%.

According to MNC Sekuritas’ research team, market activity continues to be dominated by selling pressure and has entered the correction zone that had previously been projected.

Regarding the current position of the IHSG, MNC Sekuritas believes that the previously anticipated bearish scenario remains in effect. Based on its technical analysis, the index is currently positioned within wave (v) of wave [v] of wave 5.

In its research report published on Friday (June 5, 2026), MNC Sekuritas stated that this structure suggests the IHSG remains vulnerable to extending its downtrend toward the 5,395–5,412 range. Such a move could also allow the index to close the existing price gap and approach the monthly MA200 area.

Nevertheless, MNC Sekuritas still sees room for a short-term rebound, with the index potentially moving higher toward the 5,852–5,881 range.

Meanwhile, the firm estimates that key support levels are located at 5,735 and 5,381, while resistance levels are projected at 6,215 and 6,588.