Flooring Guide by Cinvex – , JAKARTA – The Jakarta Composite Index (IHSG) is projected to face considerable pressure during trading today, Wednesday, March 4, 2026. Despite this anticipated downturn, several specific stocks, including TAPG, ISAT, and BOAT, are still forecast to show strength and potentially gain ground.
According to data from the Indonesia Stock Exchange (BEI), the IHSG concluded yesterday’s trading session with a correction of 0.96%, closing at 7,939.7. This decline is widely attributed to the ongoing escalation of geopolitical tensions in Iran, now in its fourth day, which has sparked widespread concerns about further instability.
Reza Diofanda, an analyst from BRI Danareksa Sekuritas, predicts that the IHSG will remain under pressure in today’s trading. Markets are expected to closely monitor developments in the geopolitical conflict involving the US-Israel alliance and Iran.
“Currently, the IHSG is projected to remain under pressure, with the nearest support target set between 7,885 and 7,715, and resistance levels at 8,000 to 8,060. The short-term market direction will be significantly influenced by the evolving geopolitical conflict between the US and Iran, particularly if the escalation widens and impacts global energy market stability,” he stated on Wednesday, March 4, 2026.
Among the analyst’s top recommendations for today’s trading is the stock of PT Triputra Agro Persada Tbk. (TAPG). Investors are advised to consider a buy area between Rp1,600 and Rp1,650, with a target price range of Rp1,685 to Rp1,740, and a stop loss set at an area below Rp1,580 per share.
Technically, TAPG’s share movement has successfully breached its resistance level at Rp1,590, accompanied by a notable increase in trading volume. Reza believes that as long as the stock maintains its position above this level, the potential for further strengthening towards the target price remains wide open.
“An additional sentiment driving this is that an escalation of attacks between the United States and Iran could trigger a surge in crude palm oil (CPO) prices. This rise in CPO prices, coupled with soaring logistics costs, would significantly impact major importing nations from Indonesia, such as India,” he added.
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Furthermore, BRIDS also recommends the stock of PT Indosat Tbk. (ISAT). The suggested buy area is between Rp2,200 and Rp2,290, with a target price ranging from Rp2,340 to Rp2,430, and a stop loss positioned below Rp2,100 per share.
From a fundamental perspective, ISAT impressively recorded a net profit growth of 12.2% year-on-year, reaching Rp5.51 trillion in 2025. Technically, ISAT’s share price has demonstrated resilience, holding above its support levels of Rp2,090–Rp2,210, suggesting a potential for upward movement if it sustains these levels.
Finally, the analyst issues a buy recommendation for the stock of PT Newport Marine Services Tbk. (BOAT), advising purchases at prices above Rp192. The target price is set between Rp210 and Rp226, with a stop loss level below Rp185.
“An additional driving sentiment is that shipping sector stocks experienced a significant surge in Tuesday’s trading (March 3, 2026), fueled by rising tensions in the Middle East which have sparked concerns over disruptions to global energy distribution,” he explained.
Conversely, analysts recommend a sell for PT Cisarua Mountain Dairy Tbk. (CMRY). This recommendation comes amidst a recent weakening in the stock’s price movement, accompanied by a significant increase in selling volume. Analysts anticipate that CMRY shares will likely test support levels within the range of Rp4,700–Rp4,470 per share.
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