Behind Yesterday's Rp2 T Net Sell, Foreigners Quietly Buy These Shares

Amid the heavy net foreign sell action of Rp2.04 trillion during trading on Monday (27/4/2026), foreign investors still accumulated several shares, particularly in the commodities sector. This phenomenon underscores a sector rotation, where foreigners are exiting banking shares but entering resource-based shares. Based on market data, shares of Merdeka Gold Resources (EMAS) were the most heavily bought by foreigners, with net purchase value reaching Rp92 billion. This was followed by Vale Indonesia (INCO) at Rp60 billion and Archi Indonesia (ARCI) at Rp50.9 billion. Here are the 10 shares with the largest net foreign buys from yesterday’s trading: - PT Merdeka Gold Resources Tbk (EMAS) - Rp92 billion - PT Vale Indonesia Tbk (INCO) - Rp60 billion - PT Archi Indonesia Tbk (ARCI) - Rp50.9 billion - PT AKR Corporindo Tbk (AKRA) - Rp38.8 billion - PT Petrosea Tbk (PTRO) - Rp37.7 billion - PT Adaro Minerals Indonesia Tbk (ADMR) - Rp34.8 billion - PT Amman Mineral Internasional Tbk (AMMN) - Rp29.9 billion - PT Bumi Resources Minerals Tbk (BRMS) - Rp25.6 billion - PT Astra Agro Lestari Tbk (AALI) - Rp20.3 billion - PT Timah Tbk (TINS) - Rp16.9 billion Meanwhile, the Composite Stock Price Index (IHSG) experienced a sharp reversal during Monday’s trading (27/4/2026). After strengthening in the first session, the IHSG suddenly plunged and closed weaker by 22.97 points or 0.32% at 7,106.52. This movement reflects a rapid change in market sentiment, from optimism in the morning to selling pressure in the second session. The transaction value reached Rp16.57 trillion with a volume of 33.17 billion shares in 2.20 million transactions.