Three-Day IHSG Surge, NCKL-TOBA Among Today's Stock Recommendations
The Jakarta Composite Index (IHSG) closed up 0.50% at 7,092.47 during trading on Wednesday (6/5). Since the start of the week, the IHSG has consistently remained in positive territory.
The index’s strengthening was driven by gains in several blue-chip stocks, such as MORA which surged 7.51%, TPIA up 4.94%, and BRMS strengthening 4.46%.
On the other hand, CASA shares corrected by 8.16%, followed by AMMN down 3.38% and ASII weakening 2.13%. Foreign investors recorded net selling of Rp484.31 billion in the regular market and Rp482.06 billion across all markets.
In terms of sectors, eight out of eleven sectors closed in the green. The basic industry sector recorded the highest strengthening of 1.91%, while the healthcare sector saw the deepest weakening of 0.65%.
Global sentiment also supported market movements. The US stock market closed higher, with the Dow Jones up 1.24% to 49,910, the S&P 500 strengthening 1.46% to 7,365, and the Nasdaq jumping 2.03% to 25,838.
The improvement in market sentiment was triggered by the easing of geopolitical tensions after US President Donald Trump reportedly reopened opportunities for peace negotiations with Iran through a 14-point memorandum of understanding (MoU) currently under evaluation.
This situation also pushed Brent oil prices down 7.80% to US$101 per barrel. Additionally, the EIDO ETF index and MSCI Indonesia each strengthened 1.14% and 0.11% respectively.
Meanwhile, PT Semen Indonesia (Persero) Tbk (SMGR), through its subsidiary PT Semen Padang, made its inaugural shipment of 11,275 MT of cement to Reunion Island, France, via Teluk Bayur Port.
This shipment marks the initial phase of a total export of 31,500 MT of cement from May to July 2026. The CEM I 52.5 N cement product shipped has obtained CE (Conformité Européenne) certification, the standard for products in the European market.
In the first quarter of 2026, SMGR’s foreign revenue rose 3.73% to Rp1.17 trillion compared to Rp1.13 trillion in the same period the previous year. Export performance is expected to improve further in the second quarter of 2026 with shipments to France and the African region.
Additionally, PT Cisarua Mountain Dairy Tbk (CMRY) recorded a step in international market expansion through its inaugural export of thick yogurt products to Vietnam, amounting to two containers valued at US$65,000 or approximately Rp1.13 billion.
Besides Vietnam, CMRY products have been marketed to several other countries such as the Philippines, Malaysia, China, Hong Kong, and Brunei.
Up to the first quarter of 2026, revenue from export markets increased 98.99% to Rp35.48 billion compared to Rp17.83 billion in the same period last year. The company targets revenue growth of 10%-15% throughout this year.
Furthermore, PT Merdeka Copper Gold Tbk (MDKA) plans to raise additional capital through a private placement scheme by issuing a maximum of 2.44 billion new shares, equivalent to 10% of the placed and fully paid-up capital.
Assuming a share price of Rp3,100 and the Bank Indonesia exchange rate of Rp17,368 per US dollar as of 5 May 2026, the potential funds to be raised are estimated at around US$436.82 million.
This move is expected to increase the company’s equity to US$3.36 billion from US$2.92 billion in 2025. The debt-to-equity ratio is also projected to improve to 0.8 times from the previous 1.0 times.
The number of outstanding shares is expected to increase to 26.92 billion shares from the previous 24.47 billion shares. Shareholders who do not participate in this corporate action could face maximum dilution of 9.09%.
The private placement plan is still awaiting shareholder approval at the Annual General Meeting of Shareholders scheduled for 11 June 2026.
Today’s Stock Recommendations from Mega Capital Sekuritas
NCKL - Buy 1045-1060 | TP 1080-1105 | SL 990
BRMS - Buy 805-820 | TP 835-850 | SL 760
TOBA - Buy 615-625 | TP 635-650 | SL 580
CMRY - Buy 4840-4870 | TP 5000-5125 | SL 4550
ESSA - Buy 895-905 | TP 920-935 | SL 845