IHSG Rebounds, Check Stock Recommendations Worth Considering Today

The Jakarta Composite Index (IHSG) closed trading on Monday (13/7) in the green, rising 1.92% to 6,037.84. The index’s strengthening was supported by gains in BMRI (+4.17%), BBRI (+2.87%), and AMMN (+7.69%) as the main contributors. On the other hand, CTBN (-6.54%), UNVR (-2.89%), and BOGA (-5.85%) weighed on the index’s movement. Although the IHSG strengthened, foreign investors still recorded a net sell of Rp412.50 billion in the regular market and Rp437.66 billion across all markets. Sectorally, 9 out of 11 sectors closed in positive territory, led by the Basic Industry sector which rose 2.96%, while the Health sector was the only one with the deepest decline of 0.26%. In contrast to the domestic market, United States stock markets closed weaker. The Dow Jones index fell 0.26% to 52,498, the S&P 500 corrected 0.79% to 7,515, while the Nasdaq weakened 1.55% to 25,873. Positive sentiment for the Indonesian market came after S&P Global Ratings maintained Indonesia’s sovereign debt rating at BBB for the long term and A-2 for the short term with a stable outlook. In line with the announcement, the EIDO ETF instrument strengthened 1.10% and the MSCI Indonesia rose 2.24%. S&P also projects Indonesia’s real economic growth at 5.10% in 2026 and an average of 4.90% for the 2026–2029 period. The fiscal deficit is expected to return to below 3% of GDP starting in 2027. The rating agency assesses that Indonesia’s position is supported by relatively low government and external debt ratios compared to similarly rated countries, as well as the potential for increased state revenue and exports in line with improving commodity prices and more consistent government policy implementation. These conditions are seen as able to keep corporate funding costs under control, potentially providing support for sectors such as banking, property, infrastructure, and utilities. On the corporate front, Archi Indonesia (ARCI) reported the realisation of its exploration programme during the first half of 2026 with an investment value reaching USD5.60 million. The activities covered 157 drill points with a total depth of approximately 45 kilometres in the Toka Tindung gold mine area, North Sulawesi, through its subsidiaries Meares Soputan Mining (MSM) and Tambang Tondano Nusajaya (TTN). Exploration was conducted on a concession area of 39,817 hectares selected based on previous exploration results. In the first quarter of 2026, ARCI recorded gold grade findings of up to 10.20 grams per tonne over a 4.60-metre interval at a depth of 342.30–346.90 metres, as well as another finding with a grade of 2.24 grams per tonne. Entering the second quarter of 2026, the company again obtained drilling results with the highest gold grade reaching 25.18 grams per tonne over a 3.10-metre interval at a depth of 285.80–288.90 metres, and a grade of 4.25 grams per tonne over a 23-metre interval at a depth of 213.00–236.00 metres. This series of exploration results strengthens the resource development potential of the Toka Tindung mine. To date, ARCI has gold reserves of approximately 3.90 million ounces with an average grade of 1.20 grams per tonne, consisting of 667 thousand ounces of proved reserves and approximately 3.20 million ounces of probable reserves. Meanwhile, RMK Energy (RMKE) plans to carry out a stock split with a 1:5 ratio after obtaining approval from the Indonesia Stock Exchange through Letter No. S-08075/BEI.PP1/07-2026 dated 7 July 2026. After the corporate action becomes effective, the number of issued and fully paid shares will increase to 21.88 billion shares from the previous 4.38 billion shares, while the nominal value of the shares will change to Rp20 per share from the previous Rp100 per share. The company also adjusted its authorised capital to 70 billion shares from the previous 14 billion shares. The stock split plan has obtained shareholder approval at the Extraordinary General Meeting of Shareholders on 26 June 2026. Based on the established schedule, trading of shares with the old nominal value on the regular and negotiation markets will take place until 16 July 2026, while the distribution of stock split shares is scheduled for 21 July 2026, which will also mark the start of trading of shares with the new nominal value on the cash market.