Flooring Guide by Cinvex — The Jakarta Composite Index (JCI) is projected to trade within a limited range today, Tuesday, May 5, 2026. Despite the cautious outlook, market analysts have highlighted several stocks, including ITMG, PADI, and SRTG, as potential opportunities for investors.
Data from the Indonesia Stock Exchange (IDX) shows that the JCI closed with a marginal gain of 0.22% to settle at 6,971 in the previous session. Concurrently, foreign investors recorded a net sell of Rp791 billion in the regular market.
BRI Danareksa Sekuritas analyst Reza Diofanda projects that the JCI will fluctuate within a support range of 6,920–7,000 and a resistance range of 7,100–7,160. The weakening of the Indonesian Rupiah remains a primary concern for market participants today.
“We anticipate the JCI will trade within a limited range, with support at 6,920–7,000 and resistance between 7,100 and 7,160. The key catalyst currently under scrutiny is the Rupiah, which has surpassed the Rp17,400 level, as investors await the Q1 Indonesia GDP growth report, which is expected to soften,” Diofanda stated in his daily research note on Tuesday, May 5, 2026.
Stock Recommendations and JCI Outlook for Tuesday, May 5, 2026
Amidst these market conditions, Reza Diofanda recommends a buy for PT Indo Tambangraya Megah Tbk. (ITMG), setting a target price of Rp27,025–Rp27,600 with a stop loss below Rp25,000. Additionally, BRI Danareksa suggests a buy for PT Minna Padi Investama Sekuritas Tbk. (PADI) at a target of Rp130–Rp139 with a stop loss under Rp115, and PT Saratoga Investama Sedaya Tbk. (SRTG) with a target of Rp1,870–Rp1,960 and a stop loss below Rp1,700.
Conversely, analysts advise selling PT Chandra Asri Pacific Tbk. (TPIA) with a price target of Rp4,460. From a technical perspective, TPIA is currently experiencing a bearish trend accompanied by an increase in selling volume.
Looking back at Monday’s session (May 4, 2026), the JCI closed at 6,971.95, bolstered by the performance of several big-cap stocks including BBNI, BREN, and TLKM. The index rose by 0.22% or 15.14 points, having opened at 6,988.91 and reaching a high of 7,069.69 during the day.
Market breadth remained mixed, with 327 stocks advancing, 357 declining, and 134 remaining stagnant, while the total market capitalization reached Rp12,438 trillion. Leading the big-cap gains, PT Bank Negara Indonesia (Persero) Tbk. (BBNI) climbed 3.23% to Rp3,840, and PT Barito Renewables Energy Tbk. (BREN) rose 3.14% to Rp4,600. Furthermore, PT Telkom Indonesia (Persero) Tbk. (TLKM) contributed to the rally with a 2.85% increase to Rp2,890, while PT Pantai Indah Kapuk Dua Tbk. (PANI) appreciated by 1.78% to Rp8,600.
The top gainers of the day included PT Bumi Citra Permai Tbk. (BCIP), which surged 34.85% to Rp89, and PT Wijaya Cahaya Timber Tbk. (FWCT), which grew by 34.83% to Rp120 per share. On the other hand, the list of top losers was led by PT Sidomulyo Selaras Tbk. (SDMU), down 14.29% to Rp108, and PT Rohartindo Nusantara Luas Tbk. (TOOL), which weakened by 14% to Rp86 per share.
Disclaimer: This report is for informational purposes only and does not constitute a recommendation to buy or sell any securities. All investment decisions are the sole responsibility of the reader. Bisnis.com is not liable for any losses or gains resulting from investment decisions made based on this information.
Summary
The Jakarta Composite Index (JCI) is expected to trade within a limited range today, with support levels between 6,920 and 7,000 and resistance between 7,100 and 7,160. Market sentiment remains cautious due to the depreciation of the Indonesian Rupiah and anticipation surrounding upcoming first-quarter GDP growth reports. Despite this volatility, analysts have identified potential opportunities in stocks such as ITMG, PADI, and SRTG.
In the previous session, the JCI saw a marginal gain of 0.22% to close at 6,971, supported by large-cap performances from BBNI, BREN, and TLKM. Conversely, analysts advise caution regarding TPIA, which is currently displaying a bearish trend with increased selling volume. Investors are encouraged to monitor currency fluctuations as a key catalyst for market movement throughout the trading day.