JCI Reverses Course; Check Out These 5 Stock Recommendations

The Jakarta Composite Index (JCI) closed 7.57% higher at 5,746.65 on Tuesday (9/6). The index’s gains were supported by the rise in BBRI shares, which surged 7.72%, BMRI up 10.24%, and TLKM strengthening 11.49%, serving as the main drivers. On the other hand, MPRO shares corrected 8.53%, MPMX weakened 14.49%, and MSIN fell 1.72%. Although the JCI recorded gains, foreign investors still posted a net sell of Rp2.59 trillion in the regular market and Rp2.45 trillion across all markets. All sectors closed in the green, with the raw materials sector leading the increase at 9.97%. In the global market, US stock indices were mixed, with the Dow Jones rising 0.17%, while the S&P 500 fell 0.26% and the Nasdaq weakened 0.97%. The JCI’s strengthening is seen as reflecting selective buying amidst the share buyback plans of state-owned enterprise issuers. However, the continued outflow of foreign funds indicates that domestic market sentiment has not fully recovered. Meanwhile, Indonesia’s offshore indices also strengthened, reflected in the 7.41% increase in the EIDO ETF and the MSCI Indonesia rising 7.97%. PT Jasa Armada Indonesia Tbk (IPCM) has prepared a capital expenditure of Rp74 billion out of a total funding requirement of Rp148.8 billion for 2026 for the procurement of a new fleet. The company estimates the construction of the tugboat will be completed within 28 months. As of the first quarter of 2026, IPCM operates 68 tugboats, 31 pilot boats, and four mooring boats. The company is also strengthening its service expansion strategy at Special Terminals (Tersus) and Terminals for Self-Interest (TUKS) through strategic partnerships. Currently, there are 2,349 TUKS and Tersus facilities, consisting of 947 TUKS and 1,402 Tersus. Meanwhile, PT Bank OCBC NISP Tbk (NISP) signed a share sale and purchase agreement on 8 June 2026 to acquire a 20% stake in PT Great Eastern Life Indonesia from The Great Eastern Life Assurance Company Limited. The transaction value reached Rp201.98 billion. This move was carried out as part of the formation of the OCBC Group financial conglomerate in Indonesia. Under this structure, OCBC NISP will act as the Operational Financial Conglomerate Holding Company (PIKK), while Great Eastern Life Indonesia becomes a member of the financial conglomerate. Elsewhere, PT Tower Bersama Infrastructure Tbk (TBIG) set a cash dividend for the 2025 financial year at Rp47 per share, or a total of Rp1.05 trillion. This value reflects a dividend payout ratio of 73.59% of net profit attributable to the owners of the parent entity. The decision received approval at the Annual General Meeting of Shareholders (RUPST) on 9 June 2026. Throughout 2025, TBIG recorded revenue of Rp6.91 trillion, up 0.61% compared to the previous year. The company’s net profit also increased 4.79% to Rp1.43 trillion, while earnings per share increased 5.51% to Rp63.71. At the close of trading on 9 June 2026, TBIG shares were at Rp1,525 per share, reflecting a dividend yield of about 3.08%. The company set the cum dividend date on 18 June 2026, with the dividend payment scheduled for 9 July 2026.