Foreign Investors Buy Shares as Jakarta Composite Index Declines Amid Iran-US Conflict
The Jakarta Composite Index (IHSG) closed in negative territory during the first trading session on Monday, 2 March 2026. Despite the market weakness, several listed shares continued to attract foreign investor purchases.
The IHSG closed down 131.77 points or 1.6% to 8,103.72 during the midday trading session. A total of 113 shares gained value, 682 shares declined, and 163 shares remained unchanged.
Transaction value reached Rp16.57 trillion, involving 31.54 billion shares across 2.16 million transactions. Meanwhile, the market capitalisation of the Indonesia Stock Exchange fell to Rp14.52 quadrillion.
Throughout the first trading session, foreign investors recorded net purchases of Rp32.1 billion across the entire market. This comprised foreign sales of Rp4.2 trillion and foreign purchases valued at Rp4.2 trillion.
PT Adaro Andalan Indonesia (AADI) recorded the largest net foreign buying, at Rp168.2 billion, followed by PT Nusantara Sawit Sejahtera (NSSS) at Rp99.7 billion and PT Petrosea (PTRO) at Rp90.7 billion.
The ten shares with the largest net foreign purchases during the first trading session were:
PT Adaro Andalan Indonesia Tbk (AADI) - Rp168.2 billion
PT Nusantara Sawit Sejahtera Tbk (NSSS) - Rp99.7 billion
PT Petrosea Tbk (PTRO) - Rp90.7 billion
PT Indofood Sukses Makmur Tbk (INDF) - Rp88.1 billion
PT Adaro Energy Indonesia Tbk (ADRO) - Rp71.7 billion
PT Merdeka Copper Gold Tbk (MDKA) - Rp42.2 billion
PT Indika Energy Tbk (INDY) - Rp37.6 billion
PT Surya Esa Perkasa Tbk (ESSA) - Rp33.8 billion
PT Astra International Tbk (ASII) - Rp33.0 billion
PT Bumi Resources Tbk (BUMI) - Rp30.4 billion
Conversely, PT Medco Energi (MEDC) recorded the largest net foreign selling, at Rp270.6 billion, followed by PT Bank Mandiri (BMRI) at Rp62.9 billion and PT Elnusa (ELSA) at Rp61.1 billion.
The ten shares with the largest net foreign selling during the first session were:
PT Medco Energi Internasional Tbk (MEDC) - Rp270.6 billion
PT Bank Mandiri (Persero) Tbk (BMRI) - Rp62.9 billion
PT Elnusa Tbk (ELSA) - Rp61.1 billion
PT Merdeka Gold Resources Tbk (EMAS) - Rp50.4 billion
PT Vale Indonesia Tbk (INCO) - Rp48.7 billion
PT Bank Negara Indonesia (Persero) Tbk (BBNI) - Rp45.1 billion
PT Hartadinata Abadi Tbk (HRTA) - Rp32.0 billion
PT Archi Indonesia Tbk (ARCI) - Rp31.6 billion
PT Petrindo Jaya Kreasi (CUAN) - Rp30.3 billion
PT Perusahaan Gas Negara Tbk (PGAS) - Rp27.3 billion
The IHSG’s decline today is attributed to the impact of escalating conflict between the United States, Israel, and Iran following reports of the death of Iran’s Supreme Leader Ali Khamenei. This situation has triggered market concerns regarding potential disruptions to global energy supplies and heightened geopolitical tensions in the Middle East region.