The Right Stock Recommendations for Today's IHSG Movement

The Indonesia Composite Index (IHSG) weakened in trading on June 22, 2026, amid selling pressure following a previous phase of recovery.

In the morning session, IHSG fell by more than 0.7%, moving within the 6,127–6,226 range. However, several stocks still posted gains and entered the top gainers list.

Some issuers even hit the Upper Auto Rejection (ARA) limit, indicating strong buying interest despite mixed market sentiment.

Key Takeaways

• IHSG on June 22, 2026 moved volatily and briefly dropped more than 1% during trading.
• Several stocks rose by more than 20% and entered the IHSG top gainers list.
• ZONE, EMDE, and HDFA were the best-performing stocks when the index corrected.

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Why Is IHSG Under Pressure Today?

In Monday’s trading on June 22, 2026, IHSG opened slightly higher before eventually turning weaker. The selling pressure was not unrelated to less favorable regional sentiment.

Most Asian exchanges were in the red, including Hong Kong’s Hang Seng and China’s Shanghai Composite. This also affected the psychology of domestic market participants, who remain cautious about the global economic outlook and the direction of international monetary policy.

In addition to external factors, investors also took profit after IHSG posted fairly strong gains in the previous few days. 

Even so, transaction volume remained high, indicating that investor interest in the Indonesian stock market is still relatively strong.

Read Also: IHSG Today: Analysts Predict Mixed Movement Amid Global Sentiment

Stocks That Surged Amid IHSG Weakness

One of the most interesting phenomena in today’s IHSG movement is that several stocks posted sharp gains while the majority corrected.

Here is the list of surging stocks that entered the top gainers category:

ZONE Hits ARA

PT Mega Perintis Tbk (ZONE) became the star of today’s trading. ZONE shares jumped 24.77% to Rp680 and hit the Upper Auto Rejection (ARA) limit.

This made ZONE one of the ARA stocks today that drew the most attention from traders and investors.

EMDE Rallies More Than 24%

PT Megapolitan Development Tbk (EMDE) also posted an impressive performance with a 24.56% gain to Rp71.

This aggressive move in the property-sector stock suggests significant accumulation even though overall market conditions remain under pressure.

HDFA Surges More Than 20%

PT Radana Bhaskara Finance Tbk (HDFA) recorded a gain of 20.24% to Rp103.

This increase placed HDFA among the stocks that rose while IHSG fell, drawing market participants’ attention.

In addition to those three stocks, several other issuers entered the top gainers list, including:

• DPUM up 17.14%
• ADES strengthened 13.07%
• MLPT up 11.64%

These stock performances prove that profit opportunities still exist even when the main index is correcting.

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Recommended Stocks Based on Technical Analysis

In addition to watching stocks that are currently surging, investors also need to pay attention to stocks recommended by analysts for trading strategies or short-term investing.

Based on MNC Sekuritas research, several stocks are considered interesting to monitor:

BUVA

PT Bukit Uluwatu Villa Tbk (BUVA) falls into the buy-on-weakness category. The stock is seen as having rebound potential if selling pressure begins to ease.

EMAS

PT Merdeka Gold Resources Tbk (EMAS) remains an attractive choice because it is supported by the commodity sector, especially gold, which often acts as a defensive asset when markets are volatile.

ESSA

PT ESSA Industries Indonesia Tbk (ESSA) remains one of the energy stocks with attractive growth prospects, especially if global energy prices stabilize again.

GGRM

PT Gudang Garam Tbk (GGRM) is recommended as a trading buy after showing a significant increase in buying volume.

These four stocks are alternatives for investors seeking opportunities beyond stocks that have already surged earlier.

Read Also: Gold Issuer Stocks: Which Gold Stocks Are Worth Watching?

Strategy for Facing Today’s IHSG Movement

In a volatile market, investors need to apply a more disciplined strategy.

First, focus on stocks with high liquidity and strong fundamental sentiment. Second, avoid chasing stocks that have already risen too far without sufficient analysis.

In addition, it is important to pay attention to IHSG support and resistance levels. According to technical projections, the index still has the potential to test the 6,328–6,545 area if the recovery momentum continues.

However, if selling pressure increases again, the 6,127–6,161 area becomes an important zone to watch as a short-term support level.

Read Also: Why Does IHSG Rise and Fall? Here Are the Driving Factors

Is IHSG Recovery Momentum Still Continuing?

Although IHSG corrected today, several analysts believe the short-term recovery trend has not fully ended.

Previously, IHSG managed to post strong weekly gains after being under heavy pressure throughout the year. This suggests that investors are beginning to see Indonesian stocks as an attractive opportunity.

However, global risks and domestic fiscal conditions remain factors that could influence market direction over the coming months.

Therefore, investors are advised to remain selective when choosing stocks and not focus only on those that are viral or experiencing a temporary rise.

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Conclusion

Today’s IHSG movement shows that a weaker index does not always mean opportunities disappear from the stock market. In IHSG trading on June 22, 2026, several stocks actually posted significant gains and made it into the IHSG top gainers list.

ZONE, EMDE, and HDFA are examples of stocks that managed to attract attention amid market pressure. Meanwhile, stocks such as BUVA, EMAS, ESSA, and GGRM remain interesting recommendations based on technical analysis.

For investors, the key to navigating a volatile market is discipline, selectivity, and staying aligned with an investment strategy that fits one’s risk profile.

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FAQ

Why is IHSG down today?

IHSG came under pressure due to weakening regional sentiment, investor profit-taking, and market caution toward global economic conditions.

Which stocks were the IHSG top gainers on June 22, 2026?

Some of the top IHSG gainers were ZONE, EMDE, HDFA, DPUM, ADES, and MLPT.

Which stocks hit ARA today?

One ARA stock today was ZONE, which rose 24.77% and hit the Upper Auto Rejection limit.

What stocks are recommended for short-term trading?

Some stocks recommended by analysts include BUVA, EMAS, ESSA, and GGRM with buy-on-weakness and trading-buy strategies.

What is the outlook for IHSG after today’s correction?

Technically, IHSG still has the potential to continue recovering toward the 6,328–6,545 area as long as it holds above important support levels.