In Jakarta, several prominent securities firms are providing tailored stock recommendations for retail investors, categorizing them by risk level – from low to high-risk stocks. This guidance comes as the Jakarta Composite Index (IHSG) impressively maintains its position above the significant 9,000 level.
Amidst a fluctuating market, it is crucial for retail investors to align their investment strategies with their individual risk profiles. Expert recommendations from IPOT, BNI Sekuritas, and Ajaib Sekuritas offer a comprehensive overview of stocks ranging from relatively defensive to more aggressive options, suitable for both short-term and medium-term horizons.
Low Risk: Large-Cap and Banking Stocks
For investors with a low-risk profile, large-capitalization stocks remain a primary choice. Fanny Suherman, Head of Retail Research at BNI Sekuritas, observes that the IHSG’s movement is likely to be confined within a narrow range in the short term.
She remarked in Jakarta on Monday, January 19, 2026, that the IHSG “has the potential to move sideways today.” BNI Sekuritas highlights ASII stock, recommending a ‘spec buy’ approach within the 7,050 area, targeting 7,125–7,200. As a diversified conglomerate involved in automotive, heavy equipment, agribusiness, and financial services sectors, ASII shares are considered relatively stable due to their diverse revenue streams.
Furthermore, INKP stock is also on their radar, with a recommended buy area of 9,875–9,950 and a target of 10,100–10,300. INKP is a major paper and pulp industry company, with a substantial portion of its products exported. This stock typically gains favor when global demand improves, though it remains sensitive to commodity price fluctuations.
She elaborated that the IHSG boasts a strong support zone in the 9,000–9,040 range, with resistance anticipated at 9,100–9,150. Fundamentally strong stocks, particularly those in the banking sector and other large-cap issuers, are deemed more suitable for investors seeking to avoid high volatility.
Medium Risk: Consumption and Energy Stocks
Shifting to the medium-risk category, consumption-based and energy stocks are beginning to attract significant attention. Imam Gunadi, Equity Analyst at PT Indo Premier Sekuritas (IPOT), notes that the influx of foreign funds continues to underpin market stability.
Imam stated, “This renewed inflow of foreign capital reflects a positive response to domestic macroeconomic stability amidst global volatility.” IPOT specifically recommends stocks favored by foreign investors, including JPFA, BBRI, and AADI. JPFA, a leading producer of animal feed, chicken, and eggs, is directly linked to daily public consumption. Its performance is often influenced by purchasing power and prevailing food policies.
Meanwhile, BBRI is a state-owned bank primarily focused on extending credit to micro, small, and medium-sized enterprises (MSMEs). This banking stock is frequently chosen by investors due to its high liquidity and strong appeal to foreign investors.
AADI, on the other hand, operates as a coal company. Its stock is highly sensitive to global coal price movements, offering the potential for significant gains when commodity prices surge, yet also carrying a higher risk compared to more defensive stocks.
These medium-risk stocks are considered to strike a balance between upside potential and measurable risk, largely supported by robust domestic consumption and the dynamic energy sector.
High Risk: Commodity and Momentum Trading Stocks
For investors with a high-risk profile, commodity stocks and short-term momentum trading stocks present the potential for greater returns, albeit with correspondingly high volatility. Ratih Mustikoningsih, Financial Expert at Ajaib Sekuritas, indicates that short-term pressures continue to loom over the market.
She projected that on January 19, 2026, the IHSG is “expected to weaken, trading within the range of 8,900–9,080.” Nevertheless, Ajaib Sekuritas still recommends several commodity-based stocks, including AADI, BRMS, and PSAB.
BRMS operates as a gold and mineral mining company. This stock is heavily influenced by global gold prices, making its movements highly dynamic, with potential for rapid appreciation or depreciation.
Additionally, PSAB is also recommended. PSAB is another gold mining company whose operations are intrinsically linked to global gold production and prices. These high-risk stocks are perceived to have significant upside potential driven by trends in global coal and gold prices, though their more aggressive movements necessitate stringent risk management strategies.
While the IHSG remarkably holds above the psychological 9,000 level, retail market participants are advised to exercise caution and avoid hasty decisions. Instead, they should diligently monitor global sentiments that could potentially trigger further market volatility.