Ahead of MSCI Review, Foreign Investors Heavily Sell These Stocks
Ahead of the MSCI review, foreign investors heavily sold these stocks.
Jakarta, CNBC Indonesia — Foreign fund flows are still exiting the capital market. However, in yesterday’s trading on Wednesday (6/5/2026), the value shrank.
Based on trading data, foreigners recorded net foreign sales of Rp 482.1 billion across the entire market. In the previous week, on average, foreigners could exit Rp 2 trillion per day from the domestic capital market.
Foreign movements ahead of the MSCI index quarterly review announcement on 12 May 2026 are noteworthy. In yesterday’s trading, the biggest selling pressure remained concentrated on big-cap banking stocks up to the Prajogo Pangestu conglomerate group.
This strengthening reflects efforts by stocks still in the MSCI index (Global Standard & Small-Mid Cap) to maintain their positions through increased market cap ahead of the quarterly review on 12 May.
Bank Mandiri (BMRI) became the stock most released by foreigners, with a value of nearly Rp 190 billion, followed by Barito Pacific (BRPT) and Bank Central Asia (BBCA).
In full, here are the 10 stocks with the largest net foreign sell in yesterday’s trading:
PT Bank Mandiri (Persero) Tbk (BMRI) - Rp 188.9 billion
PT Barito Pacific Tbk (BRPT) - Rp 121.6 billion
PT Bank Central Asia Tbk (BBCA) - Rp 90.5 billion
PT Petrindo Jaya Kreasi Tbk (CUAN) - Rp 78.8 billion
PT Petrosea Tbk (PTRO) - Rp 74.3 billion
PT Chandra Asri Pacific Tbk (TPIA) - Rp 51.6 billion
PT Astra International Tbk (ASII) - Rp 41.8 billion
PT Amman Mineral Internasional Tbk (AMMN) - Rp 41.4 billion
PT Merdeka Copper Gold Tbk (MDKA) - Rp 39.8 billion
PT Chandra Daya Investasi Tbk (CDIA) - Rp 26.7 billion
Nevertheless, the JCI managed to hold in positive territory alongside the strengthening of several commodity and telecommunications stocks. Market sentiment is also still supported by optimism towards domestic economic growth in the first quarter of 2026, although foreign investors remain cautious amid rupiah pressure.
The JCI closed up 0.50% or 35.36 points to 7,092.47 at the end of trading. As many as 341 stocks strengthened, 196 stocks were stagnant, and only 290 stocks weakened.
The majority of trading sectors strengthened, with the highest gains recorded by the technology and basic materials sectors. Meanwhile, only the energy, primary consumer, and financial sectors weakened.