JCI Correction and Foreign Selling, These Are the Shares Still Worth Collecting

Jakarta, CNBC Indonesia — The Composite Stock Price Index (JCI) closed with a correction of 0.68% at 7,623.59 during trading on Wednesday (15/04). The index movement was supported by gains in shares of ASII (+2.44%), DSSA (+1.52%), and MDKA (+4.36%) as the main pillars. Conversely, declines in BBCA (-2.96%), SRAJ (-13.82%), and BBRI (-1.73%) weighed on the index’s performance. Foreign investors’ selling actions continued with a net sell value of Rp1.23 trillion in the regular market and Rp1.16 trillion across all markets. On a sectoral basis, six out of eleven sectors closed in the red zone, with the health sector recording the deepest decline of 2.81%, while the transportation sector posted the highest gain of 3.45%. From the global market, US stock exchanges closed mixed. The Dow Jones index fell 0.15% to 48,463, while the S&P 500 rose 0.80% to 7,022 and the Nasdaq strengthened 1.60% to 24,016. On the geopolitical side, White House officials indicated that discussions for the second round of negotiations between the United States and Iran are underway. However, this sentiment has not yet been reflected in investor interest in the domestic market, as seen from the weakening of the EIDO ETF index by 0.97% and the MSCI Indonesia by 1.27%. Meanwhile, the government through Ministry of Energy and Mineral Resources Decree No. 144.K/MB.01/MEM.B/2026 has adjusted the Mineral Benchmark Price (HPM) formula for nickel and bauxite commodities effective from 15 April. This policy aims to optimise state revenues while adjusting to global price dynamics. The changes include adding parameters in determining nickel prices, which now not only consider nickel content but also associated minerals such as iron, cobalt, and chromium, as well as correction factors. In addition, the bauxite price formula now incorporates reactive silica parameters, and the price unit has been changed from dry metric ton (DMT) to wet metric ton (WMT). This policy is expected to have a positive impact on upstream sector players but increase pressure on downstream processing industries. From the corporate side, PT Astra Agro Lestari Tbk (AALI) set a final dividend of Rp335 per share at the Annual General Meeting of Shareholders. Thus, the total dividend for the 2025 fiscal year reaches Rp458 per share or equivalent to Rp881.5 billion, reflecting a payout ratio of 60% of net profit. Previously, the company had distributed an interim dividend of Rp123 per share worth Rp236 billion in October 2025. The remaining dividend of Rp647 billion is scheduled to be paid on 13 May to shareholders. The undistributed profit will be used as retained earnings to support the replanting programme. Today’s Stock Recommendations from Mega Capital Sekuritas - ADRO - Buy 2480-2500 | TP 2550-2600 | SL 2360 - ADMR - Buy 1935-1950 | TP 2000-2050 | SL 1840 - IATA - Buy 88-90 | TP 93-96 | SL 83 - CTRA - Buy 745-755 | TP 780-790 | SL 710 - ASLC - Buy 80-82 | TP 84-86 | SL 75