Indonesian Stock Market Overview: Mixed Performance Amid Corporate Actions

Market Movement

The Indonesian Composite Index (IHSG) closed lower by 0.58% at 8,884.72 on Monday, reflecting a mixed trading session. While some stocks demonstrated resilience, others faced selling pressure. Notable gainers included TLKM with a 2.03% increase, KPIG surging by 25.00%, and ASII rising by 1.82%. Conversely, BREN dropped by 5.01%, BRPT weakened by 7.10%, and BBCA declined by 1.23%.

Sectoral Performance

The market showed varied sectoral performance with six out of eleven sectors closing in negative territory. The infrastructure sector experienced the most significant decline at 2.37%, while consumer cyclicals and industrials recorded the highest gains at 2.22%. Despite the overall market weakness, foreign investors maintained their interest with a net purchase of Rp101.97 billion across all markets.

Corporate Updates

BSML Asset Divestment

PT Bintang Samudera Mandiri Lines Tbk (BSML) successfully sold one tug boat, TB Equator 30, to Pelayaran Korindo for Rp10.50 billion on January 8. This transaction is part of BSML's asset revitalization and optimization strategy. The proceeds will be partially used to settle banking liabilities, thereby improving the company's financial structure and reducing interest expenses. BSML plans to continue divesting four additional vessels as approved in the Extraordinary General Meeting of Shareholders (RUPSLB), with an estimated transaction value of Rp60 billion by the end of Q1 2026. This divestment is expected to enhance the company's revenue performance, with projected income reaching Rp159.84 billion and net profit of Rp16.36 billion for the year.

RISE Bonus Share Distribution

PT Jaya Sukses Makmur Sentosa Tbk (RISE) announced the distribution of 5.2 billion bonus shares worth Rp525.36 billion. The distribution is scheduled for February 19, with an allocation ratio of 12 bonus shares for every 25 existing shares. The cum date for the Pasar Reguler and Pasar Negosiasi is set for January 19. The bonus shares are estimated to be valued at approximately Rp100 per share.

Investment Recommendations

Several stocks were recommended for trading: MEDC, MSIN, ULTJ, STRK, and BKSL. Investors are advised to consider these recommendations in line with their risk profiles and investment objectives.

Market Outlook

The mixed market performance reflects the ongoing dynamics between various market participants. While certain stocks and sectors showed resilience, others faced downward pressure. Investors should monitor corporate actions and market trends closely to make informed decisions.