The Jakarta Composite Index (JCI) closed lower by 0.92% at 8,620.48 during Thursday’s trading session (December 11).

Shares of BUMI surged 10.43%, PTRO jumped 9.98%, and TPIA rose 1.77%, providing key support to the index. Meanwhile, MORA dropped 14.95%, TLKM declined 1.92%, and ASII fell 2.64%, exerting downward pressure on the JCI.

Foreign investors recorded a net sell of Rp58.28 billion in the regular market, although they booked a total net buy of Rp1.36 trillion across all markets.

Out of 11 sectors, eight finished in negative territory, with the infrastructure sector posting the steepest drop of 4.08%, while energy was the only sector to close higher at 1.57%.

In corporate developments, Sillo Maritime Perdana (SHIP) is preparing to add a new Very Large Gas Carrier (VLGC) through a credit facility for its subsidiary, Cassa Mega Lautan (CML).

The USD 80.50 million facility, secured on December 10, represents 66% of the company’s 2025 capital expenditure target of USD 150 million. The additional vessel is projected to contribute roughly 5% to the company’s estimated 2026 revenue. Technically, SHIP remains in a consolidation phase within the range of Rp4,950–5,625.

Meanwhile, Multi Garam Utama (FOLK) will hold an Extraordinary General Meeting of Shareholders (EGMS) on December 12 to discuss two agendas: approval of a private placement and changes to the management structure.

The company plans to issue up to 394.8 million new shares, or a maximum of 10% of its paid-up capital. The private placement must be executed within two years of approval, with a minimum price set at 90% of the average closing price over the previous 25 trading days.

This corporate action is expected to raise the company’s total assets to Rp97.05 billion and equity to Rp86.57 billion.

Stock Recommendations for Today:

• BRMS
  Buy 975–980 | TP 1000–1020 | SL 920

• SCMA
  Buy 418–422 | TP 434–440 | SL 396

• UVCR
  Buy 133–135 | TP 140–143 | SL 127

• COAL
  Buy 125–126 | TP 131–133 | SL 116

• WIFI
  Buy 4230–4250 | TP 4310–4350 | SL 3960

Disclaimer: All analyses and stock recommendations are for informational purposes only and do not constitute investment advice or solicitation.
Investment decisions should be made individually according to each investor’s risk profile and financial goals. Invest wisely.