Flooring Guide by Cinvex – , JAKARTA — The Bisnis-27 Index concluded trading with a decline, mirroring the broader correction observed in the Composite Stock Price Index (IHSG) on Wednesday, April 15. Despite this overall market weakness, several key stocks, including INCO, ADRO, INKP, and NCKL, demonstrated resilient growth.
According to data from the Indonesia Stock Exchange (IDX), the Bisnis-27 Index, a collaborative effort between the IDX and daily newspaper Bisnis Indonesia, registered a fall of 0.81%, shedding 4.10 points to close at 501.88. A detailed breakdown revealed a mixed performance among its constituents: 13 stocks strengthened, 11 declined, and 3 remained stagnant.
Leading the pack of gainers was PT Vale Indonesia Tbk. (INCO), which saw its shares surge by 5.84% to Rp6,800 per share. Following closely was PT Adaro Energy Indonesia Tbk. (ADRO), experiencing a robust increase of 2.86% to Rp2,520 per share, showcasing strength in resource-related sectors.
Further appreciation was observed in shares of PT Indah Kiat Pulp & Paper Tbk. (INKP), which climbed 2.83% to reach Rp10,000. Similarly, PT Trimegah Bangun Persada Tbk. (NCKL) demonstrated positive momentum, growing by 2.68% to settle at Rp1,150 per share, highlighting pockets of resilience amidst general market pressure.
Conversely, the broader market faced headwinds, with the IHSG closing lower, partly pressured by significant drops in major stocks. The deepest declines were recorded by PT Bumi Resources Tbk. (BUMI), which saw its shares fall by 3.82% to Rp252 per share. Meanwhile, PT Dharma Satya Nusantara Tbk. (DSNG) also experienced a notable correction, decreasing by 3.13% to Rp1,700 per share, indicating a challenging session for some market giants.
The IHSG itself concluded the day’s trading down 0.68%, settling at 7,623.59. Throughout the trading session, the composite index initiated at 7,750.90 and briefly touched an intraday high of 7,773.58 before succumbing to selling pressure by market close.
On a wider market scope, trading activity reflected a generally subdued sentiment. A total of 411 stocks advanced, while 297 corrected, and 251 remained unchanged. Despite the mixed performance, the overall market capitalization maintained a substantial figure, reaching Rp13,581 trillion.
Providing expert commentary, Valdy Kurniawan, Head of Research at Phintraco Sekuritas, noted that the IHSG had shown initial strength in the first trading session, closing up 0.44% at 7,709.56. During this period, several key sectors led the charge, with transportation stocks gaining 3.34%, industrial shares rising 2.85%, and basic materials increasing by 1.20%.
From a technical perspective, Valdy elaborated that the market displayed a continuing strengthening trend, evidenced by the MACD histogram which consistently remained in positive territory. This technical outlook suggested an underlying bullish momentum despite the day’s closing figures.
“Given these conditions, the IHSG is anticipated to trade within the range of 7,700 – 7,800 in today’s trading,” he remarked in his daily research report, offering a forward-looking forecast for market participants.
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