IHSG Remains in the Red, These Stocks Are Worth Watching
Jakarta, CNBC Indonesia - The Composite Stock Price Index (IHSG) closed weaker by 2.16% at 7,378.61 on Thursday (24/04) trading.
This decline occurred amid varied stock movements, where ENRG, MEDC, and ESSA shares were the biggest drivers of gains. Conversely, pressure came from DSSA, BREN, and BBRI shares, which ranked as the main index depressors.
Foreign investor selling activity was also recorded as quite significant, with net sales reaching Rp1.36 trillion in the regular market and Rp978.65 billion across all markets.
On a sectoral basis, the majority of sectors were in the red zone, with 10 out of 11 sectors closing lower. The consumer cyclical sector recorded the deepest decline, while the transportation sector was the only one posting the highest gain.
Global sentiment also influenced market movements, following the uniform weakening of major Wall Street indices. The Dow Jones, S&P 500, and Nasdaq each closed in negative territory.
Amid these conditions, US President Donald Trump’s statement regarding the extension of the ceasefire between Israel and Lebanon for three weeks failed to lift market optimism. This was reflected in the weakening of the EIDO ETF and the MSCI Indonesia index.
From the issuer side, Puradelta Lestari (DMAS) booked pre-sales of Rp561.43 billion in Q1-2026, an increase compared to the same period last year. This realisation equates to 26.99% of the annual target of Rp2.08 trillion.
Demand for industrial land in the GIIC Kota Deltamas area is still supported by rising needs in the technology sector, particularly data centres, which contributed more than half of total land sales. In the short term, DMAS share movements remain in a consolidation phase in the Rp135–143 price range.
Meanwhile, Astra International (ASII) set a cash dividend distribution for the 2025 fiscal year at Rp15.66 trillion or Rp390 per share. This value consists of an interim dividend of Rp98 per share and a final dividend of Rp292 per share, with a payout ratio of 47.81% of net profit.
The company’s financial performance showed a decline, with net profit for 2025 dropping to Rp32.76 trillion from Rp33.90 trillion previously. Revenue also experienced a slight decline to Rp323.39 trillion. Earnings per share also corrected to Rp810 from Rp837 in the previous year. The final dividend payment is scheduled for 25 May.
Today’s Stock Recommendations
SRSN - Buy 68-70 | TP 72-73 | SL 65
ALII - Buy 1010-1025 | TP 1050-1090 | SL 960
ELSA - Buy 795-805 | TP 820-840 | SL 750
ACES - Buy 392-396 | TP 402-410 | SL 370
MYOR - Buy 1810-1820 | TP 1850-1900 | SL 1710
Disclaimer: Remember, all stock analyses and recommendations in this article are informative and do not constitute an invitation to buy or sell specific stocks.
Investment decisions are entirely at the discretion of each investor according to their risk profile and personal financial goals. Invest wisely.