IHSG Remains Volatile, These Stocks Are Worth Watching
Jakarta, CNBC Indonesia - The Composite Stock Price Index (IHSG) closed lower by 0.53% at 6,989.43 during trading on Monday (6/4). This decline occurred amid selling actions by foreign investors and pressure from global sentiment.
Several stocks supported the index’s movement, including AMMN which rose 6.91%, MSIN surging 16.17%, and BUMI strengthening 6.14%. Conversely, DSSA fell 9.34%, BREN weakened 9.17%, and BYAN corrected 5.87%, becoming the main drags on the IHSG.
From the perspective of fund flows, foreign investors recorded net selling of Rp611.26 billion in the regular market and Rp622.92 billion across all markets.
In terms of sectors, the majority were in the red zone. Eight out of 11 sectors weakened, with the infrastructure sector recording the deepest decline of 0.92%. Meanwhile, the cyclicals sector was the only one to post significant gains, up 2.26%.
In contrast to the domestic market, the US stock exchange closed higher. The Dow Jones index rose 0.36% to 46,669, the S&P 500 strengthened 0.44% to 6,611, and the Nasdaq increased 0.54% to 21,996. This rise was supported by ISM services PMI data indicating that the US economy continued to expand in March.
However, the positive sentiment from the US has not yet been able to boost the Indonesian market. The IHSG is still overshadowed by pressures from economic and fiscal factors, particularly the supply shock impact from the Iran conflict in the oil and gas sector. This is reflected in the 1.03% weakening of the EIDO ETF and the 0.61% drop in the MSCI Indonesia index.
From the issuer performance side, Dayamitra Telekomunikasi (MTEL) recorded relatively stable net profit of Rp2.11 trillion in 2025, slightly up from Rp2.10 trillion in 2024. The company’s revenue increased 2.43% to Rp9.53 trillion, driven by its core tower leasing business which contributed Rp8.83 trillion.
Nevertheless, MTEL’s cost of goods sold also rose 4.90% to Rp4.72 trillion. Technically, MTEL shares have the potential for a short-term rebound to the Rp630 level after forming a doji pattern.
Meanwhile, Alamtri Resources Indonesia (ADRO) is increasing its share buyback value to Rp5 trillion from the previous Rp4 trillion. This step is estimated to have only a limited impact on earnings per share (EPS), which rose to USD0.016 from USD0.015.
On the other hand, the company’s equity is projected to decline to USD4.70 million from USD5.00 million. Management will seek approval for this buyback action at the AGM on 17 April, with implementation planned to start on 18 April for the next 12 months.
Technically, ADRO shares are still moving in a bullish trend but tending towards sideways, with a trading range of Rp2,450 to Rp2,570.
Today’s Stock Recommendations:
BIPI
Buy 216-220 | TP 228-238 | SL 202
BRPT
Buy 1340-1350 | TP 1375-1435 | SL 1255
BNBR
Buy 111-113 | TP 116-119 | SL 107
TINS
Buy 3540-3560 | TP 3610-3660 | SL 3340
AYAM
Buy 308-312 | TP 318-324 | SL 292
Disclaimer: All stock analyses and recommendations in this article are for informational purposes only 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.