The Jakarta Composite Index (IHSG) experienced another sharp decline at the close of trading on Monday (October 14). The IHSG fell 1.95% to 8,066.52, dragged down by foreign selling and weakness across nearly all sectors.

According to research from Mega Capital Sekuritas on Wednesday (October 15, 2025), DSSA (+2.09%), FILM (+13.93%), and ENRG (+8.54%) continued to be the top gainers, while BBRI (-3.01%), BRPT (-6.41%), and CUAN (-13.00%) were the main contributors to the index decline. Foreign investors recorded net selling of IDR 1.32 trillion in the regular market and IDR 1.36 trillion across all markets.

By sector, 10 out of 11 sectors weakened, with transportation experiencing the steepest drop (-3.99%). The only sector to remain in the green was property, moving sideways with a marginal increase (+0.03%).

Domestically, Finance Minister Purbaya Yudhi Sadewa confirmed that the 100% VAT DTP facility for new residential property purchases, both landed and apartment units, will be extended until December 31, 2027.

This facility is applicable only for houses with a maximum selling price of IDR 5 billion and a tax base up to IDR 2 billion. The government expects this policy to stimulate the construction of up to 40,000 property units per year, providing positive momentum for listed companies such as BSDE, CTRA, MTLA, SMRA, and PWON.

Corporate News

PANI officially set the exercise price for its rights issue at IDR 15,000 per share, targeting to raise IDR 16.73 trillion from the issuance of 1.12 billion new shares.

Stock Recommendations for Today

• INDY – Buy 2,330-2,360 | TP 2,420-2,470 | SL 2,150

• SOLA – Buy 154-157 | TP 160-166 | SL 142

• INET – Buy 288-294 | TP 304-310 | SL 270

• CYBR – Buy 1,240-1,260 | TP 1,285-1,305 | SL 1,170

• NCKL – Buy 1,180-1,195 | TP 1,215-1,235 | SL 1,100