This Week, IHSG Overshadowed by MSCI; Check Stocks with Profit Potential
Jakarta, CNBC Indonesia — The Composite Stock Price Index (IHSG) closed weaker by 2.86% at 6,969.40 during Friday’s trading (8/5). However, on a weekly basis, the IHSG rose slightly by 0.18%.
Market sentiment is still overshadowed by plans to revise Government Regulation No. 19 of 2025 regarding increases in royalties for strategic minerals, which are currently being discussed by the Ministry of Energy and Mineral Resources. In addition, the Indonesia EIDO ETF index and the MSCI Indonesia index fell by 1.46% and 2.59%, respectively.
The Ministry of Energy and Mineral Resources is holding public hearings on adjustments to royalty rates for several mineral commodities such as copper, tin, nickel, gold, and silver. The revision of the regulation is in line with the increase in the average Reference Mineral Price (HMA) throughout 2026.
Silver prices surged 107.4% to US$79.27 per troy ounce, tin rose 48.8% to US$51,101 per tonne, gold increased 40.6% to US$4,746 per troy ounce, copper climbed 29% to US$12,655 per dmt, and nickel strengthened 10.8% to US$16,822 per dmt.
In the proposed revision, the copper royalty rate is suggested to rise to 7%-10% from the previous 4%-7%. The gold royalty is proposed to increase to 14%-20% from 7%-16%, while the silver rate would go up to 6%-8% from 5%.
For tin commodities, the rate is proposed to increase to 5%-12.5% from 3%-10%, with the addition of several new tariff layers. The nickel rate remains unchanged, although the price intervals and number of brackets are adjusted. The government also proposes an additional fixed levy for Non-Metallic Minerals and Rocks (MBLB) beyond 12 nautical miles, as well as the addition of several new types of royalties.
Amid this sentiment, PT BSA Logistics Indonesia Tbk (WBSA) has entered the High Shareholding Concentration (HSC) list with concentrated ownership reaching 95.82% of the company’s total shares.
WBSA is the first issuer to list on the exchange this year with a free float of 20.75% through the release of 1.8 billion shares at Rp168 per share. The company now becomes the 10th issuer to join the HSC list this year, alongside several other stocks such as BREN and DSSA. This condition is considered to increase the volatility of the company’s share trading.
Meanwhile, corporate news comes from PT Mitra Adiperkasa Tbk (MAPI), which has officially been taken over by Pacific Universal Investments, an affiliate of CVC Capital Partners. The acquisition was carried out through the takeover of 51% of the company’s shares owned by Satya Mulia Gema Gemilang, valued at Rp11.81 trillion or equivalent to Rp1,395 per share, with the transaction completed on 8 May.
Pacific Universal now becomes the new controlling shareholder of MAPI and will carry out a mandatory tender offer through Samudra Investment and Ocean Continuum at a price of Rp1,550 per share.
MAPI itself is known as one of Indonesia’s largest retail issuers with a portfolio of more than 150 global brands and more than 4,000 outlets in over 80 cities. Technically, MAPI shares are still seen as having the potential to continue strengthening after forming a bullish marubozu pattern.
This week is also overshadowed by a crucial agenda from the domestic capital market that must be anticipated on 12 May 2026: the MSCI index rebalancing cycle. Based on the official MSCI announcement dated 20 April 2026, the global index agency provided feedback on the capital market transparency reforms initiated by OJK, BEI, and KSEI.
Today’s Stock Recommendations from Mega Capital Securities
MAPA - Buy 650-665 | TP 680-695 | SL 620
MAPI - Buy 1435-1455 | TP 1480-1500 | SL 1350
KLBF - Buy 905-920 | TP 935-950 | SL 865
CHEK - Buy 148-151 | TP 153-156 | SL 140
PRDA - Buy 2500-2530 | TP 2570-2600 | SL 2390