IHSG "Haunted" by War: Recommended Stocks for Trading on Tuesday (31/3)

JAKARTA, KOMPAS.com - As the Composite Stock Price Index (IHSG) remains under pressure from war sentiments in the Middle East, analysts recommend several commodity and energy-based stocks for trading strategies on Tuesday’s session (31/3/2026). These recommended stocks are considered to have the potential to outperform amid market volatility. Capital market analyst and Founder of Republik Investor, Hendra Wardana, views that the pressure on the IHSG has not fully subsided as geopolitical tensions in the Middle East intensify, driving the market into a risk-off phase. According to him, the main risk stems from the potential disruption of global energy distribution routes such as the Strait of Hormuz. If the worst-case scenario occurs, namely a prolonged conflict and oil prices surging to the range of $130-150 per barrel, the impact on the global economy would be significant. “However, a drop below 7,000 is likely to be temporary because Indonesia’s economy remains relatively stable fundamentally, so the 6,800-6,900 level could become a strong support area for the IHSG in a prolonged geopolitical crisis scenario,” Hendra told Kompas.com on Monday evening (30/3/2026). He believes that when oil, coal, and energy commodity prices rise, Indonesia actually benefits from the commodity export side, making energy and mining stocks a support for the IHSG. For Tuesday’s trading (31/3/2026), Hendra recommends that investors remain selective and not aggressive. A gradual strategy is deemed more relevant when market volatility is high. He advises investors to focus on stocks that benefit from rising commodity prices, have strong fundamentals, and offer attractive dividend yields. PT Bukit Asam Tbk (PTBA) with a trading buy strategy and price target at Rp 3,500, PT Perusahaan Gas Negara Tbk (PGAS) with a speculative buy recommendation and target Rp 2,100, and PT Bumi Resources Tbk (BUMI) with speculative buy and target 280. In addition, plantation sector stocks such as PT PP London Sumatra Indonesia Tbk (LSIP) are also recommended with a trading buy strategy and price target at Rp 1,600. “These stocks have the potential to benefit from rising energy and commodity prices as well as a weakening rupiah, thus potentially outperforming amid the still fluctuating IHSG,” he concluded.