The Indonesia Composite Index (IHSG) closed Monday’s (June 8) trading session down 4.52%, ending at 5,342.14.

The index received its strongest support from shares of PT Surya Multi Investama Tbk (SMMA), PT Chandra Asri Pacific Tbk (TPIA), and PT MNC Digital Entertainment Tbk (MSIN), which gained 4.88%, 22.99%, and 7.41%, respectively.

On the other hand, the largest downward pressure on the index came from PT Telkom Indonesia (Persero) Tbk (TLKM), PT Bank Rakyat Indonesia (Persero) Tbk (BBRI), and PT Bank Central Asia Tbk (BBCA), whose shares fell by 14.86%, 5.47%, and 4.43%, respectively.

In terms of fund flows, foreign investors recorded net sales of Rp587.21 billion in the regular market and Rp447.05 billion across all markets. Every sector listed on the exchange ended lower, with the industrial sector posting the steepest decline of 6.39%.

In global markets, U.S. stock indices closed mixed. The Dow Jones Industrial Average declined 0.16% to 50,786, while the S&P 500 advanced 0.30% to 7,405 and the Nasdaq gained 0.86% to 25,929.

Looking ahead, the IHSG is still expected to face pressure, particularly as the rupiah has weakened again to around Rp18,177 per U.S. dollar, especially if foreign capital outflows continue. In addition, escalating geopolitical tensions between Iran and Israel may increase global uncertainty and weigh on investor sentiment toward risk assets.

Consistent with this trend, the EIDO ETF and MSCI Indonesia Index fell by 3.83% and 5.77%, respectively.

Meanwhile, PT Energi Mega Persada Tbk (ENRG) plans to raise capital through a private placement by issuing 218.31 million new shares at a price of Rp1,550 per share.

Through this corporate action, the company could raise approximately Rp338.38 billion. All newly issued shares will be subscribed by Bakrie Kalila Investment (BKI), an affiliated party of the company. Upon completion of the transaction, ENRG’s issued and fully paid-up shares will increase to 26.56 billion shares, with total paid-up capital reaching Rp6.95 trillion.

The distribution of the new shares is scheduled for June 12, while the results of the private placement are expected to be announced on June 18.

In the mining sector, PT Merdeka Gold Resources Tbk (MDKA) announced its maiden Mineral Resource Estimate (MRE) for the Kolokoa Prospect.

Based on estimates as of June 1, 2026, the area contains mineral resources of 42 million tons with an average gold grade of 0.33 grams per ton, equivalent to approximately 445 thousand ounces of gold. This addition increased the total mineral resource inventory of the Pani Gold Mine by 6.35% to 7.40 million ounces of gold.

In addition to the exploration results, preliminary metallurgical testing also delivered encouraging outcomes. Oxide material achieved gold recovery rates ranging from 87% to 94%, while transition material recorded recovery rates between 81% and 92%.

From the telecommunications sector, PT Telkom Indonesia (Persero) Tbk (TLKM) approved a cash dividend distribution for the 2025 fiscal year of Rp221.08 per share, amounting to a total of Rp21.90 trillion. This represents a dividend payout ratio of 123.03% of the company’s net profit.

Of the total dividend amount, Rp17.80 trillion comes from the company’s entire 2025 net profit, while the remaining Rp4.20 trillion is sourced from retained earnings. The decision was approved during the Annual General Meeting of Shareholders (AGMS) held on June 8, 2026.

Throughout 2025, TLKM generated revenue of Rp146.74 trillion, representing a 2.15% decline compared to the previous year. Net profit also decreased by 20.49% to Rp17.80 trillion from Rp22.40 trillion recorded in 2024.

Based on the stock’s closing price of Rp2,350 per share on June 8, the dividend distribution reflects a dividend yield of approximately 9.41%. The company targets dividend payment completion no later than July 10, 2026.

Today’s Stock Recommendations from Mega Capital Sekuritas:

• ADMR – Buy 1425–1435 | TP 1470–1495 | SL 1350
• MSIN – Buy 550–570 | TP 590–610 | SL 525
• MBMA – Buy 432–436 | TP 444–454 | SL 408
• ADRO – Buy 2110–2120 | TP 2170–2200 | SL 2020
• ITMG – Buy 21500–21600 | TP 21900–22000 | SL 20800