ISSUE 28·MONDAY · JUL 6, 2026·EOD
402 advancing259 declining·IHSG 5.916
PIRANA

The weekly ledger for anyone reading the Indonesia Stock Exchange on its own terms.

957 stocks·33 sub-sectors·EOD data
IHSG · End of Day
Composite Index · 957 stocks
5.916.07
+0.00+0.00%
Foreign netRp 0
Breadth0 ↑ · 0
20-day traillow 5.342 · high 6.255

The tape's verdict, end of day.

Lead · Today's close

Heavyweight banks and tech pushed the index higher despite a persistent foreign exodus.

By Pirana AI · synthesized from today's tape and 15 headlines

The IHSG closed at 5,916.07, gaining 0.69%. The lift was driven by DCII (+4.83%, IT Services), BBRI (+2.95%, Banking), and BBCA (+1.24%, Banking). While the index ended in the green, the gains were concentrated among the giants, leaving many smaller names to struggle.

The index was held back by DNET (-4.83%, Holding & Investment) and TLKM (-1.59%, Telecommunications). These moves suggest a lack of conviction in the broader board, as the rally relied on a few pillars rather than a wide-based recovery. ISAT also weighed on the mood with a 5.04% drop.

BBRI led the charge as it approached its June 2026 high, supported by a maintained buy rating from Citi analyst Ferry Wong. The bank also expanded its digital ecosystem through a new partnership with UVCR to integrate lifestyle vouchers into the BRImo app. Foreign investors continued their exit, netting sells in BMRI (-77.2B) and BBRI (-64.8B), marking the fifth consecutive session of net outflows. Details follow in the dispatches below.

Today's headlines
Foreign investors on the Indonesia Stock Exchange posted a net sell of 336.85 million shares on Monday, reversing Friday’s net purchase of 312.37 million shares. The biggest seller was PT Bumi Resources (Ticker BUMI), which saw a net outflow of 185.71 million shares, while the top buyers were PT Bakrie & Brothers (BNBR), PT Bukit Uluwatu Villa (BUVA) and PT Chandra Asri Pacific (TPIA). The shift to net selling signals renewed bearish pressure on the market, with several other stocks such as DEWA, PADI and MAPI also recording sizable foreign outflows.IDN Financials · 1m agoThe Jakarta Composite Index (IHSG) closed higher on Monday, gaining 40.29 points (0.69 %) to 5,916.07, with the LQ45 basket up 0.46 % to 584.48, as investors awaited the U.S. Federal Reserve’s meeting minutes and Indonesia’s June foreign‑exchange‑reserve report. Gains were led by energy, technology and non‑primary consumer‑goods stocks, while infrastructure and primary consumer‑goods stocks slipped modestly. The rally reflects a cautiously optimistic tone, but market sentiment remains sensitive to the upcoming Fed and cadv data.Antara Bursa · 24m agoUnited Tractors Expands into Non-Coal Segment26 Jun 2026, 05:27 PM307PT United Tractors Tbk (UNTR) is expanding its presence in the non-coal mineral mining sector through a series of strategic transactions by its associate and subsidiaries. The move includes the acquisition of minority stakes in two High Pressure Acid Leach (HPAL) smelters by Nickel Industries Limited (NIC), announced on June 24, 2026, as well as the provision of an intra-group loan.According to Investasi, Nickel Industries, in which UNTR holds a 20.14% stake, has signed an agreement to acquire a 17.5% stake in PT Teluk Metal Industry (TMI) at the Indonesia Morowali Industrial Park (IMIP) for USD 169 million. The acquisition will be funded through internal cash and an additional debt option from Shanghai Decent, NIC's largest shareholder.In addition to TMI, Nickel Industries has also agreed to acquire a 36% stake in PT Chengsheng New Energy for USD 241.6 million through the monetization of an 18% interest in two mining companies under the Sampala Project, without the use of cash. Chengsheng New Energy is projected to contribute 10,208 tonnes of Mixed Hydroxide Precipitate (MHP) nickel production annually by mid-2027, while TMI is expected to contribute 6,775 tonnes of MHP nickel production per year by no later than September 2027.In another business line, two UNTR subsidiaries—PT Danusa Tambang Nusantara (DTN) and PT Agincourt Resources (PTAR)—signed a revolving loan facility agreement of up to USD 70 million on June 22, 2026. The loan, which carries an interest rate of Term SOFR +1.15% per annum, is valid until June 16, 2029, to support PTAR's general funding requirements.Management said the intra-group loan was provided because it offers a more optimal return for the company than conventional banking instruments currently available."From a business perspective, it is more beneficial for DTN to provide this loan to PTAR than to keep its cash deposits in banks at the current deposit rates," United Tractors Corporate Secretary Ari Setiyawan said.Capital market analysts said the series of transactions reinforces the Astra Group company's commitment to expanding its green portfolio and reducing its dependence on coal amid the energy transition."Meanwhile, the funding injection into Agincourt Resources demonstrates efforts to optimize gold production at the Martabe Mine, which has long been a key contributor to UNTR's non-coal business," Nafan Aji Gusta, Senior Market Analyst at Mirae Asset Sekuritas, said on Friday (June 26).Although the U.S. dollar-denominated transactions expose the company to exchange rate fluctuations against the domestic currency, the company's financial position is considered to remain solid due to its low debt ratio."However, UNTR can at least implement a hedging strategy," Nafan Aji Gusta added.Regarding the company's share performance, investors are still advised to monitor the progress of the expansion before making long-term investment decisions."For now, Nafan recommends a wait-and-see approach on UNTR shares," Nafan Aji Gusta said.Meanwhile, a separate analysis by another securities firm maintained a positive outlook on the company's fair value, setting a target price of IDR 29,100 per share in a research report dated June 9, 2026. The projection is based on a 2026 price-to-book value (PBV) ratio of 1.01 times, while noting that external risks remain tied to global commodity price movements and the realization of production quotas.Indonesia Miner · 5h ago
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— Dispatches · Today

Three things to know before Monday.

Pirana AI · 17:23 WIB
01Foreign flow

Foreigners net sold +Rp 1.2T on the close.

7-day net foreign flow. Cumulative −Rp 2.3T across all listed names.

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02Insider trade

A VRNA insider added 5.87% of their stake.

Ticker
Holder
Buy
VRNA
Nippon Steel Kowa Real Estate CO.,Ltd
+5.87%

Nippon Steel Kowa Real Estate CO.,Ltd filed a buy during the session.

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03Unusual volume

NTBK is trading well above its base on no fresh news.

NTBK
PT Nusatama Berkah Tbk

Most-traded list flagged this name despite a market cap of just Rp 180.9B. Worth a closer look.

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TickerBBCA
Generated 19:47 WIB
Executive summary

A premium-priced quality bank, fairly valued relative to its own history but rich vs peers.

Score
0/100
Strong fundamentals
  • Highest ROE in the banking sub-sector at 22.8%, vs sector avg 12.4%.
  • PE 24.5 sits above its 5-year average (21.2) but PEG 1.63 stays reasonable for the growth.
  • Foreign ownership climbed 4 straight sessions — +Rp 218B net buying today alone.
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Active radar · Watching 12 tickers
4 triggers · 2 notifications today
Ifsector = BanksandPE < 12andforeign_buy > 50B
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BBRIPE dropped to 10.6, foreign buy Rp 94B19:47 · today
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Jakarta · 14 holdings
Imported portfolio · 14 holdings
Analyzed in 12.3s
Total value
Rp 847M
Unrealized P/L
+12.4%
Div yield
3.8%
Sector allocation
Banks 42%
Energy 22%
Cons. NCD 16%
Tech 12%
Other 8%
Concentration
42% in Banks
Top holding
BBRI · 18%
Risk exposure
38% state-linked
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PIRANA · ISSUE 2 · JUL 6, 2026 · EOD