Bisnis-27 Index Opens Lower, ICBP, UNTR, TAPG Shares Still Advancing

The Bisnis-27 index opened lower in trading on Wednesday (19/8/2026). Nevertheless, a number of stocks such as ICBP, UNTR, and TAPG were still moving higher at the market open.

Citing Indonesia Stock Exchange (BEI) data at 09.02 WIB, the index jointly developed by BEI and Harian Bisnis Indonesia opened down 0.27% at 430.69. Of the 27 constituents, 5 stocks advanced, 19 declined, and 3 were unchanged.

Share price gains were led by PT Indofood CBP Sukses Makmur Tbk. (ICBP), which rose 0.66% to Rp7,675, PT United Tractors Tbk. (UNTR) rose 0.64% to Rp23,475, and PT Triputra Agro Persada Tbk. (TAPG) rose 0.55% to Rp1,840.

The same trend was seen in PT Bank Central Asia Tbk. (BBCA), which rose 0.40% to Rp6,325, and PT Charoen Pokphand Indonesia Tbk. (CPIN), which rose 0.33% to Rp3,020.

Conversely, sluggish performance was recorded by PT Bumi Resources Minerals Tbk. (BRMS), which fell 2.33% to Rp630, PT Indah Kiat Pulp & Paper Tbk. (INKP) fell 1.15% to Rp8,625, and PT Bumi Resources Tbk. (BUMI) fell 1.09% to Rp182.

The same trend was seen in PT Merdeka Battery Materials Tbk. (MBMA), which fell 0.97% to Rp510, PT Medco Energi Internasional Tbk. (MEDC) fell 0.75% to Rp1,330, and PT Sumber Alfaria Trijaya Tbk. (AMRT) fell 0.71% to Rp1,390.

Phintraco Sekuritas projects that the strengthening of the IHSG is supported by expectations that Bank Indonesia will maintain the BI Rate at 5.75% in its Board of Governors Meeting on Wednesday (19/8/2026).

“This expectation is in line with inflation that remains within Bank Indonesia’s target and the need to maintain rupiah stability,” the team said in a daily research note on Tuesday (18/8/2026).

With this combination of sentiment, Phintraco Sekuritas expects the IHSG to move sideways within a range of 6,400–6,500 in trading on Wednesday (19/8/2026).