Banks and Commodities Hit Hard as Foreigners Net Sell Rp686 Billion
Jakarta, CNBC Indonesia — Foreign investors’ net selling action continued on the domestic stock market during Monday’s trading (30/3/2026). Based on transaction data, foreigners recorded a net sell of Rp686.1 billion across the entire market.
The foreign selling pressure was evident on big-cap stocks, particularly state-owned banking sector (BUMN) shares and several commodity-based stocks.
The consistent outflow of foreign funds indicates a global sentiment that is tending towards wait-and-see regarding the domestic market. Pressure on blue-chip stocks, especially state-owned banks, has the potential to hinder the index’s momentum in the short term.
Bank Rakyat Indonesia (BBRI), Bank Central Asia (BBCA), and Bank Mandiri (BMRI) topped the net sell list. Commodity stocks such as Darma Henwa (DEWA), Petrindo Jaya Kreasi (CUAN), and Energi Mega Persada (ENRG) were also affected.
In detail, here are the 10 stocks with the largest net foreign sell yesterday:
PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) - Rp461.4 billion
PT Bank Central Asia Tbk (BBCA) - Rp242.1 billion
PT Bank Mandiri (Persero) Tbk (BMRI) - Rp241 billion
PT Darma Henwa Tbk (DEWA) - Rp128.2 billion
PT Petrindo Jaya Kreasi Tbk (CUAN) - Rp75.1 billion
PT Telkom Indonesia (Persero) Tbk (TLKM) - Rp64.8 billion
Nusantara Sawit Sejahtera Tbk (NSSS) - Rp63 billion
PT Petrosea Tbk (PTRO) - Rp51.2 billion
PT Energi Mega Persada Tbk (ENRG) - Rp38.8 billion
PT GoTo Gojek Tokopedia Tbk (GOTO) - Rp30.4 billion
Meanwhile, the Composite Stock Price Index (IHSG) pared its correction by the end of trading.
After plummeting nearly 2% at the start of trading, the IHSG closed the session down 0.05% or -3.25 points at 7,093.81.
A total of 467 stocks fell, 258 rose, and 233 were unchanged. Trading value was only Rp9.89 trillion, involving 15.89 billion shares in 1.19 million transactions.
Quoting Refinitiv, Bank Central Asia (BBCA) prevented the IHSG from staying in positive territory. From the start to the end of trading, BBCA shares burdened the IHSG with a weight of more than 20 points.
Meanwhile, several conglomerate stocks tried to lift the IHSG. Dian Swastatika Sentosa (DSSA), which rose 6.62%, contributed 16.28 index points. In addition, an issuer owned by Toto Sugiri contributed 9.42 index points, and Bakrie-owned Bumi Resources Minerals (BRMS) contributed 7.47 points.
The IHSG’s performance today can be considered quite good compared to stock exchanges in the Asian region. Japan’s Nikkei fell 2.79%, Korea’s Kospi -2.97%, and Hong Kong’s Hang Seng -0.81%.