The Composite Stock Price Index (IHSG) is projected to weaken in Tuesday’s trading session (May 5, 2026). So, which stocks are recommended?

According to BNI Sekuritas, although the IHSG closed up 0.22%, it was still accompanied by foreign net selling amounting to Rp791 billion. The stocks most heavily sold by foreign investors included BMRI, BBCA, BUMI, BRMS, and ASII.

“The IHSG has the potential to undergo another correction today,” said Head of Retail Research at BNI Sekuritas, Fanny Suherman.

She explained that the index is expected to move within a support range of 6,850–6,900 and a resistance range of 7,000–7,090 during Tuesday’s trading.

Research from Kiwoom Sekuritas Indonesia indicates that technically, any rebound attempt still needs to test the nearest resistance level above the psychological threshold of 7,000. This position is considered highly speculative, requiring confirmation from the next green candle and dominant buying volume to validate an early bullish reversal.

Stock Recommendations

For today, Fanny recommends shares of PT Chandra Daya Investasi Tbk, PT AKR Corporindo Tbk, PT Energi Mega Persada Tbk, PT Buana Lintas Lautan Tbk, PT Indika Energy Tbk, and PT Medco Energi Internasional Tbk.

Today’s trading ideas include CDIA, AKRA, INDY, ENRG, BULL, and MEDC.

CDIA is recommended for buy on weakness at 1,000–1,050, with a stop loss below 1,000 and a short-term target of 1,070–1,100.
AKRA is recommended for buy on weakness at 1,530–1,550, with a stop loss below 1,520 and a target of 1,600–1,660.
INDY is suggested as a speculative buy at 3,650–3,700, with a stop loss below 3,640 and a target of 3,720–3,770.

ENRG is suggested as a speculative buy at 1,680–1,710, with a stop loss below 1,670 and a target of 1,735–1,760.
BULL is recommended for buy on weakness at 490–505, with a stop loss below 486 and a target of 520–535.
MEDC is recommended for buy on weakness at 1,685–1,720, with a stop loss below 1,655 and a target of 1,770–1,820.

Disclaimer: All investment decisions remain the responsibility of the reader. Conduct proper analysis before buying or selling stocks. Liputan6.com is not responsible for any gains or losses resulting from investment decisions.

IHSG Closing on May 4, 2026

Previously, the IHSG managed to stay in positive territory at the close of trading on Monday (May 4, 2026), despite most sectors being under pressure and daily transaction value exceeding Rp20 trillion.

Based on data from RTI Business, the IHSG rose 0.22% to 6,971.95. The LQ45 index also climbed 0.78% to 674.55, with most benchmark indices closing in the green.

At the start of the week, the IHSG reached a high of 7,069.69 and a low of 6,946.05. A total of 357 stocks declined, limiting the index’s gains, while 327 advanced and 134 remained unchanged. Trading frequency reached 2,441,859 transactions with a volume of 60.3 billion shares and a total transaction value of Rp21.2 trillion. The US dollar exchange rate against the rupiah stood at around Rp17,385.

Sector Performance

Out of 11 sectors, four recorded gains. The cyclical consumer sector led with a 2.53% increase, followed by the non-cyclical consumer sector at 1.53%, infrastructure at 0.96%, and industrials at 0.03%.

Meanwhile, the healthcare sector posted the largest decline at 1.63%. The energy sector dropped 1.2%, basic materials fell 0.69%, and financials edged down 0.16%.

Additionally, the property sector slipped 0.01%, the technology sector declined 1.56%, and the transportation sector fell 1.52%.