The Indonesia Stock Exchange Composite Index (IHSG) is projected to trend upward within a limited range during today’s trading session on Wednesday, May 6, 2026. For investors looking for opportunities, BRI Danareksa Sekuritas has identified RAJA, PADI, and GZCO as its primary stock picks for the day.
Reza Diofanda, a Technical Analyst at BRI Danareksa Sekuritas, expects the IHSG to sustain its momentum, targeting a resistance zone between 7,100 and 7,160. This optimistic outlook is largely supported by the recent release of positive economic growth data.
“From a technical perspective, the IHSG still possesses the potential for limited gains, with the immediate resistance range set at 7,100 to 7,160. Driven by the euphoria of economic data that exceeded market expectations, banking and conglomerate stocks are expected to serve as the main pillars for the IHSG in the near term,” Reza stated in an official release on Wednesday, May 6, 2026.
Stock Recommendations and IHSG Movement Today, Wednesday, May 6, 2026
In the previous trading session, the IHSG successfully rebounded, climbing 1.22% to reach the 7,057 level. This occurred despite a recorded foreign net sell of Rp317 billion in the regular market. A major catalyst for this recovery was the Q1 2026 GDP growth data, which showed the economy expanded by 5.61%.
Reza noted that this realized economic growth significantly outperformed the market expectation of 5.30%. It also represented an acceleration from the 5.39% expansion recorded in the fourth quarter of 2025, which ultimately propelled the IHSG back above the psychological level of 7,000.
For specific stock plays, PT Rukun Raharja Tbk. (RAJA) is the top recommendation from BRI Danareksa Sekuritas, with a target price range of Rp4,670–Rp5,025 and a stop-loss set below Rp4,100.
Additionally, the brokerage recommends PT Minna Padi Investama Sekuritas Tbk. (PADI) with a target price of Rp130–Rp139 and a stop-loss below Rp115. Rounding out the top picks is PT Gozco Plantations Tbk. (GZCO), with a projected target price of Rp234–Rp242 and a stop-loss area under Rp220.
Conversely, Reza issued a “sell” recommendation for PT Dian Swastatika Sentosa Tbk. (DSSA), setting a price target of Rp1,170. The stock continues to face significant downward pressure after closing at Rp1,485.
“An additional sentiment for DSSA, an energy sector issuer under the Sinar Mas Group, is its recent classification under the Unusual Market Activity (UMA) category,” he explained.
On Tuesday, May 5, 2026, the IHSG concluded the day at 7,057.10. The index’s rise was fueled by the strong performance of several large-cap stocks, including TPIA, UNVR, and BBRI.
According to data from the Indonesia Stock Exchange (IDX), the IHSG gained 1.22% or 85.15 points to reach 7,057.10. The composite index opened at 6,968.56 and reached an intraday peak of 7,069.20. The market saw 342 stocks advancing, 314 declining, and 163 remaining stagnant.
Total market capitalization reached Rp12,654 trillion. Among the big caps, PT Chandra Asri Pacific Tbk. (TPIA) recorded the highest gain, surging 19.70% to Rp6,075. PT Unilever Indonesia Tbk. (UNVR) also grew by 5.13% to reach Rp1,640 per share.
Other major contributors to the index’s climb included PT Amman Mineral Internasional Tbk. (AMMN), which rose 4.55% to Rp5,175, and PT Bank Rakyat Indonesia (Persero) Tbk. (BBRI), which appreciated 3.62% to Rp3,150.
On the other hand, PT Astra International Tbk. (ASII) saw a decline of 3.29%, closing at Rp5,875 per share, while PT Dian Swastatika Sentosa Tbk. (DSSA) posted a 2.62% drop to the Rp1,485 level.
Disclaimer: This report is not intended as an invitation to buy or sell stocks. All investment decisions rest entirely with the reader. Bisnis.com is not responsible for any losses or profits arising from the reader’s investment decisions.
Summary
The Indonesia Stock Exchange Composite Index (IHSG) is expected to experience limited gains today, targeting a resistance range between 7,100 and 7,160. This optimistic outlook is driven by strong Q1 2026 GDP growth of 5.61%, which surpassed market expectations and bolstered investor sentiment. Analysts highlight banking and conglomerate stocks as the primary pillars supporting this upward momentum.
BRI Danareksa Sekuritas has identified RAJA, PADI, and GZCO as top stock picks for the session, while advising caution on DSSA due to its Unusual Market Activity (UMA) classification. Despite the positive index performance, investors are encouraged to remain diligent as market volatility persists. All investment decisions should be made independently, as this information is for analytical purposes only.
