The Composite Stock Price Index (IHSG) closed down by 2.16% at 7,378.61 in Thursday’s (April 24) trading session. The decline occurred amid mixed stock movements, where ENRG, MEDC, and ESSA were the main contributors to gains. Meanwhile, downward pressure on the index came from DSSA, BREN, and BBRI, which were among the primary laggards.

Foreign investors recorded significant selling activity, with net foreign sell reaching Rp1.36 trillion in the regular market and Rp978.65 billion across the entire market.

Sector-wise, most sectors ended in negative territory, with 10 out of 11 sectors closing lower. The consumer cyclical sector posted the deepest decline, while the transportation sector was the only one that recorded notable gains.

Global sentiment also influenced market movements, as major Wall Street indices declined. The Dow Jones, S&P 500, and Nasdaq all closed in negative territory.

Amid these conditions, statements by US President Donald Trump regarding the extension of the ceasefire between Israel and Lebanon for three weeks failed to boost market optimism. This was reflected in the decline of the EIDO ETF and the MSCI Indonesia index.

On the corporate side, Puradelta Lestari (DMAS) reported pre-sales of Rp561.43 billion in the first quarter of 2026, higher than the same period last year. This figure represents 26.99% of its annual target of Rp2.08 trillion.

Demand for industrial land in the GIIC Kota Deltamas area continues to be driven by the growing needs of the technology sector, particularly data centers, which account for more than half of total land sales. In the short term, DMAS stock is expected to remain in a consolidation phase within the price range of Rp135–143.

Meanwhile, Astra International (ASII) announced a cash dividend distribution for the 2025 fiscal year totaling Rp15.66 trillion or Rp390 per share. This includes an interim dividend of Rp98 per share and a final dividend of Rp292 per share, with a payout ratio of 47.81% of net profit.

The company’s financial performance showed a decline, with net profit falling to Rp32.76 trillion in 2025 from Rp33.90 trillion previously. Revenue also slightly decreased to Rp323.39 trillion. Earnings per share declined to Rp810 from Rp837 in the previous year. The final dividend payment is scheduled for May 25.

Stock recommendations for today:
SRSN - Buy at 68–70 | Target Price 72–73 | Stop Loss 65
ALII - Buy at 1010–1025 | Target Price 1050–1090 | Stop Loss 960
ELSA - Buy at 795–805 | Target Price 820–840 | Stop Loss 750
ACES - Buy at 392–396 | Target Price 402–410 | Stop Loss 370
MYOR - Buy at 1810–1820 | Target Price 1850–1900 | Stop Loss 1710

Disclaimer: All analyses and stock recommendations in this article are for informational purposes only and do not constitute an invitation to buy or sell any securities. Investment decisions are entirely the responsibility of each investor based on their risk profile and financial objectives. Invest wisely.