The Jakarta Composite Index (JCI) ended trading on Friday (27/02) in a flat position at 8,235.48. The index was primarily supported by gains in BREN, which rose 4.78%, AMMN up 4.79%, and BNBR surging 32.92%. On the other hand, the index was weighed down by declines in DSSA (-4.91%), BBCA (-1.71%), and TLKM (-3.01%).

Foreign investors continued their selling activity, recording a net sell of Rp801.61 billion in the regular market and Rp694.05 billion across all markets. Sector-wise, 7 out of 11 sectors closed in positive territory. The industrial sector posted the highest increase at 4.48%, while the financial sector experienced the deepest decline at 0.83%.

Global sentiment also overshadowed market movements. US stock markets closed lower, with the Dow Jones falling 1.05% to 48,977, the S&P 500 declining 0.43% to 6,878, and the Nasdaq dropping 0.92% to 22,668. Escalating military tensions involving the United States and Israel against Iran, along with threats to block the Strait of Hormuz, fueled market concerns. Pressure was also evident in Indonesia’s offshore equity indices, reflected in a 0.39% drop in the EIDO ETF and a 1.15% decline in MSCI Indonesia.

In commodities, geopolitical tensions drove global crude oil prices up by 7.50% and gold higher by 1.85%. The rise in gold prices was positively received by the market, with gold mining issuers such as ANTM and ARCI posting net foreign buys of Rp82.03 billion and Rp59.10 billion, respectively, during Friday’s trading session.

On the corporate front, Astra International (ASII) plans to propose a final dividend for the 2025 fiscal year amounting to Rp292 per share at the upcoming shareholders’ meeting in April. Combined with the interim dividend of Rp98 per share distributed in October 2025, the total dividend amounts to Rp390 per share, representing a 48% payout ratio.

Throughout 2025, ASII recorded a net profit of Rp32.76 trillion, down 3.34% year-on-year. The company posted revenue of Rp323.39 trillion, a 1.54% decline compared to the previous year, impacted by global coal price pressures and weaker demand for new vehicles. The company also completed the first phase of its share buyback program worth Rp2 trillion in January and the second phase worth Rp685 billion in February.

Today’s stock recommendations:

ANTM – Buy 4350–4370 | TP 4500–4600 | SL 4170
BULL – Buy 510–515 | TP 555–590 | SL 480
RATU – Buy 7275–7300 | TP 7675–8100 | SL 6850
MEDC – Buy 1730–1735 | TP 1775–1820 | SL 1615
ARCI – Buy 1880–1890 | TP 1930–2020 | SL 1765

Disclaimer: All analyses and stock recommendations presented in this article are for informational purposes only and do not constitute an invitation to buy or sell any particular stock.

Investment decisions are entirely the responsibility of each investor in accordance with their individual risk profile and financial objectives. Invest wisely.