Bisnis-27 Index Declines as IHSG Weakens, BRIS, MAPI, and TLKM Show Gains

The Bisnis-27 Index opened lower on Monday (March 24, 2025), following the decline of the Jakarta Composite Index (IHSG). However, some stocks, including BRIS, MAPI, and TLKM, managed to gain in early trading.

According to data from the Indonesia Stock Exchange (IDX), the index—formed in collaboration between the Exchange and Bisnis Indonesia—fell 1.28% or 5.62 points to 434.49 at the start of the session. Overall, 6 stocks gained, 20 declined, and 1 remained unchanged.

Gainers included:

• PT Bank Syariah Indonesia Tbk. (BRIS), rising 2.88% to Rp2,140
• PT Mitra Adiperkasa Tbk. (MAPI), increasing 0.80% to Rp1,260
• PT Telkom Indonesia (Persero) Tbk. (TLKM), appreciating 0.43% to Rp2,320

On the downside, notable decliners were:

• PT Sumber Alfaria Trijaya Tbk. (AMRT), down 9.28% to Rp1,760
• PT Mitra Keluarga Karyasehat Tbk. (MIKA), dropping 5.68% to Rp2,160
• PT Astra International Tbk. (ASII), slipping 3.31% to Rp4,680

Meanwhile, the IHSG also opened lower, down 1% or 62.38 points to 6,195.80 shortly after the market opened. The index started the session at 6,242.24, reaching an intraday high of 6,248. So far, 143 stocks advanced, 292 declined, and 522 remained unchanged, with a total market capitalization of Rp10,717 trillion.

IHSG Expected to Consolidate as Markets Await Global Economic Data

Valdy Kurniawan, Head of Research at Phintraco Sekuritas, expects IHSG to consolidate within a range of 6,200 (support), 6,250 (pivot), and 6,300 (resistance) during today’s trading.

On Friday (March 21, 2025), IHSG closed down 1.93% to 6,253.179. Technically, Valdy noted a widening negative slope in the MACD, while the Stochastic RSI remains in the pivot area. "We anticipate IHSG to consolidate within the 6,200-6,300 range today," he stated in the daily research report.

From the United States, investors are closely watching the release of S&P Global Manufacturing and Services PMI Flash data for March 2025, which is expected to show a decline compared to February 2025, signaling a slowdown in U.S. manufacturing and services activity.

In Europe, markets are also awaiting the Manufacturing and Services PMI Flash data from key economies, which is projected to weaken from the previous month. Meanwhile, the UK is set to release its February 2025 inflation data on Tuesday (March 25, 2025), with expectations that the YoY rate will remain stable at 3%.

In Asia, focus is on Japan’s Jibun Bank Manufacturing PMI Flash for March 2025, which is forecast to rise to 49.4 from 49.0 in February 2025. Although still in contraction territory, this indicates a gradual improvement in Japan’s manufacturing sector.