The Composite Stock Price Index (IHSG) closed Thursday’s trading session (December 18) in negative territory, declining 0.68% to settle at 8,618.19. The index weakened amid broad-based sectoral pressure, although gains in several large-cap banking stocks helped limit deeper losses.

BBCA rose 1.87%, followed by BMRI which climbed 2.49%, while BBRI added 0.80%, making these banking stocks the main supports for the index. In contrast, downward pressure came from AMMN, which fell 6.11%, BREN which declined 2.83%, and FILM which plunged 9.80%, weighing on the IHSG.

From an investor perspective, foreign market participants recorded net buying of Rp421.76 billion in the regular market, bringing total net foreign inflows across all markets to Rp1.02 trillion.

On a sectoral basis, nine out of eleven sectors ended the day lower. The consumer cyclicals sector posted the steepest decline of 2.18%, while the consumer non-cyclicals sector stood out as the only sector to close higher, gaining 0.16%.

On the corporate front, PT Petrosea Tbk (PTRO), through its subsidiary Scan-Bilt Pte. Ltd., signed an Engineering, Procurement, and Construction (EPC) agreement for a project in Singapore.

In addition, Scan-Bilt secured a Letter of Award for Integrated Facilities Management (IFM) services from Aster Chemicals and Energy Pte. Ltd. for the Aster Bukom Chemicals & Energy Complex and the Aster Jurong Island Chemical Complex.

Revenue contributions from these projects are expected to increase gradually, with the largest portion anticipated during the mid-phase of execution, which is projected to occur in 2027.

Meanwhile, PT SLJ Global Tbk (SULI) plans to conduct a private placement by issuing up to 632 million new shares, equivalent to 10% of the company’s fully paid-up capital.

This corporate action could raise the number of outstanding shares from 6.32 billion to approximately 6.95 billion shares, resulting in a potential ownership dilution of up to 9.09%.

The private placement plan is still in the investor outreach stage and will be subject to shareholder approval at an Extraordinary General Meeting (EGM) scheduled for Friday (December 19). Through this initiative, the company’s total assets could increase to USD48.28 million, while equity is projected to rise to USD19.12 million.

Daily stock recommendations from Mega Capital Sekuritas include INCO, CMRY, WOWS, PIPA, and ANTM, each accompanied by specific buy ranges, target prices, and stop-loss levels.

Disclaimer: All analyses and stock recommendations provided are for informational purposes only and do not constitute an invitation to buy or sell any particular securities. Investment decisions remain the sole responsibility of each investor, based on individual risk tolerance and financial objectives. Investors are encouraged to invest prudently and responsibly.