JCI Falls Amid Foreign Selling Pressure; Check These Stocks for Profit Opportunities

Jakarta, CNBC Indonesia — The Composite Stock Price Index (JCI) closed down 0.61% at 7,048.22 on Tuesday (31/03). The decline occurred amid dominant selling pressure, although several stocks such as INDF, MBMA, and AMRT recorded significant gains as supports for the index movement. Conversely, stocks BREN, BYAN, and BRMS became the main drags. Foreign investor activity continued to haunt the market, with net selling value reaching Rp1.17 trillion in the regular market and Rp1.28 trillion across all markets. In terms of sectors, the majority moved in the red zone, with the transportation sector recording the deepest decline of 4.60%. On the other hand, the non-primary consumer goods sector was the only one to record the highest gain of 1.48%. Unlike the domestic market, the US stock exchange closed higher. The Dow Jones index rose 2.49% to 46,341, followed by the S&P 500 which strengthened 2.91% to 6,528, and the Nasdaq which surged 3.83% to 21,590. This strengthening was triggered by US President Donald Trump’s statement regarding plans to withdraw US military from Iran within 2–3 weeks, either through a peace agreement or without one. That sentiment also drove a 2.13% rise in the Indonesia-based ETF, EIDO. However, market participants are still monitoring uncertainties from that policy, especially after indications of additional US troops and military equipment in the Middle East region, including plans to deploy the USS George H. W. Bush aircraft carrier. This situation also pressured the MSCI Indonesia Index, which corrected by 0.47%. From the domestic policy side, the government plans to start implementing the B50 biodiesel programme on 1 July as part of energy efficiency efforts. This policy is estimated to reduce the fuel subsidy burden by up to Rp48 trillion and cut fossil fuel consumption by around 4 million kilolitres in one year. The implementation is seen to have a positive impact on plantation sector issuers, particularly those with strong exposure in the upstream line. Meanwhile, PT Bank Mega Tbk (MEGA) announced plans to distribute dividends of Rp2 trillion for the 2025 book year, an increase compared to the previous year’s realisation of Rp1.05 trillion. The dividend value per share is estimated to reach Rp171.95, up from Rp89.64 the previous year, with the dividend payout ratio potentially increasing to 60% from the previous 31.28%. In addition to the dividend distribution decision, the Annual General Meeting of Shareholders (AGMS) also approved the reservation of profits of Rp35.10 million as reserve funds in accordance with legal provisions. Not only that, the company also approved the distribution of bonus shares derived from share premium with a total value of Rp5.87 trillion. Today’s Stock Recommendations from Mega Capital Securities - BWPT - Buy 125-127 | TP 132-138 | SL 119 - ARCI - Buy 1365-1375 | TP 1400-1445 | SL 1290 - BKSL - Buy 109-112 | TP 115-119 | SL 104 - MBMA - Buy 715-725 | TP 750-770 | SL 680 - ERAA - Buy 374-378 | TP 388-394 | SL 360