JAKARTA – The Indonesian stock market experienced significant pressure throughout the first quarter of 2026, characterized by a weakening index and a substantial outflow of foreign capital.
As of Tuesday, March 17, 2026, the Jakarta Composite Index (IHSG) had contracted by 17.81% year-to-date (YtD), accompanied by a net foreign sell-off amounting to Rp8.51 trillion.
However, this challenging market landscape presents opportune moments for investors to deploy strategies focused on acquiring stocks at attractive valuations or discounts, according to M. Nafan Aji Gusta, a Senior Market Analyst at Mirae Asset Sekuritas.
He highlighted high dividend-yield stocks as a particularly appealing option amidst the prevailing market volatility. “In a stable market environment, stocks offering high dividends, typically ranging from 4% to 7%, tend to become market darlings,” Nafan noted in his research on Tuesday, March 17, 2026.
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Beyond dividend focus, Nafan also advocated for a value investing approach, advising investors to target companies with robust fundamentals that are currently undervalued.
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Furthermore, portfolio diversification is deemed crucial for mitigating risk. Investors are encouraged to avoid concentrating all funds into a single sector; instead, a balanced combination of defensive and growth stocks is recommended. “It is advisable to combine defensive stocks from sectors like banking or non-cyclical consumer goods with growth stocks, such as those in the mining sector,” he explained.
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Nafan further urged investors to closely monitor the technical movements of the IHSG. In a positive scenario, the IHSG could potentially test the 8,394 level, while a negative scenario might see it decline to 6,746. He emphasized a cautious approach: “Given the continued volatility of the IHSG, phased purchasing (averaging) is recommended. We can never truly know the actual bottom until it has already passed.”
Regarding specific stock recommendations, Nafan identified several issuers within the IDX80 index as attractive, particularly due to their competitive dividend yields. Nevertheless, he underscored the critical importance of strategic discipline and robust risk management during this period of market instability.
Stocks with Estimated High Yields
- ITMG estimated yield 13%-15%
- PTBA estimated yield 10.5%-12%
- BJTM estimated yield 7.8%-12%
- BJBR estimated yield 7.5%-8.5%
- ADRO estimated yield 7%-9%
- ASII estimated yield 5.5%-6.4%
- UNTR estimated yield 5%-6.2%
- BBRI estimated yield 4.6%-5.2%
- TLKM estimated yield 4%-4.8%
- BMRI estimated yield 3.8%-4.5%
Disclaimer: This news article is not intended as an invitation to buy or sell stocks. Investment decisions are solely at the discretion of the reader. Bisnis.com is not responsible for any losses or gains arising from the reader’s investment decisions.