BBCA shares slide below Rp7,000

BBCA shares slid below Rp7,000 at the close of session 1 today, Wednesday 4 March 2026. Since the start of trading, BBCA shares traded in the red, with a low of Rp6,900. At the close of session 1, BBCA fell 1.77% to Rp6,950. Transaction value reached Rp647.1 billion, involving 92.63 million shares. From a technical standpoint, BBCA’s price has moved below the 9-day and 50-day moving averages, indicating persistent weakness. In addition, the price action has formed a lower high and a lower low, classic signs of a downtrend. Technically, several key levels are now in focus. The Rp6,800-Rp7,000 zone is the nearest support being tested. If this area cannot be maintained, the price could continue lower towards the Rp6,300 area, the latest low on the chart. Pressure on large bank stocks like BBCA also arises amid volatile global market sentiment. Geopolitical uncertainties and foreign selling have triggered a risk-off phase in the stock market. Over the last two trading days, BBCA shares have remained under foreign selling; net foreign selling on 2-3 March 2026 reached Rp183 billion, adding to year-to-date foreign net selling reaching Rp16.97 trillion. Meanwhile, the Jakarta Composite Index (IHSG) weakened further and closed down 343.20 points or 4.32% at 7,596.57 at the close of the morning session today. Morning weakness continued the significant correction from yesterday, when IHSG fell 0.96%, and the two days prior had plunged 2.65%. A total of 748 shares declined, 68 rose, and 142 were unchanged. Morning turnover reached Rp18.06 trillion, involving 33.08 billion shares in 2.09 million transactions. (mkh/mkh)