IHSG Attractive Again, Check Out Today's Recommended Stocks
Jakarta, CNBC Indonesia — The Composite Stock Price Index (IHSG) closed trading on Monday (13/04) in positive territory, rising 0.56% to 7,500.19.
The index’s strengthening was primarily supported by surges in petrochemical group stocks, such as BRPT which soared 14.36%, followed by BREN up 4.74% and TPIA gaining 6.58%. Conversely, pressure on the index came from banking and conglomerate stocks, with BBCA declining 1.87%, SMMA dropping 6.12%, and BMRI weakening 1.50%.
From a fund flow perspective, foreign investors recorded net purchases of Rp626.14 billion in the regular market, although the overall market noted net purchases of Rp396.77 billion.
On a sectoral basis, eight out of eleven sectors closed higher, with the energy sector recording the highest gain of 2.64%. Meanwhile, the financial sector was the only one to post the deepest decline, at 1.31%.
Positive sentiment also came from global markets. The US stock exchanges closed higher, with the Dow Jones index up 0.63% to 48,218, followed by the S&P 500 gaining 1.02% to 6,886, and the Nasdaq rising 1.23% to 23,183.
Market optimism was fuelled by hopes of a potential agreement between the United States and Iran, which also drove a 1.06% strengthening in the Indonesia ETF (EIDO), while the MSCI Indonesia index moved relatively flat.
From an issuer performance standpoint, PT Erajaya Swasembada Tbk (ERAA) recorded growth throughout 2025. The company’s revenue increased 17.35% year-on-year to Rp76.60 trillion, compared to Rp65.28 trillion the previous year. Net profit also rose 17.24% to Rp1.32 trillion from Rp1.12 trillion in 2024. In line with the sales increase, the cost of goods sold rose 17.67% to Rp68.25 trillion.
The largest contribution to ERAA’s sales still came from the mobile phones and tablets segment at 78.42%, although slightly down from 80.31% the previous year.
This performance was supported by an extensive distribution network, covering 2,333 retail outlets and 70 distribution centres. Management stated that a focus on the middle to upper segments is one of the main strategies in maintaining the company’s consistent performance.
Meanwhile, PT Arwana Citramulia Tbk (ARNA) plans to distribute cash dividends of Rp330.36 billion from the 2025 fiscal year net profit of Rp400.48 billion. The dividend per share is set at Rp45, up from Rp43 the previous year, with a dividend payout ratio of 82.40%.
The dividend distribution decision has received approval at the Annual General Meeting of Shareholders held on 8 April. The cum dividend date in the regular market is set for 16 April, with dividend payments scheduled for 28 April. The remaining net profit of Rp70.11 billion will be allocated as retained earnings.
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ELSA - Buy 700-715 | TP 725-740 | SL 670
WIFI - Buy 2360-2380 | TP 2420-2480 | SL 2210
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BWPT - Buy 133-135 | TP 138-141 | SL 125
BKSL - Buy 118-121 | TP 124-128 | SL 112