Foreign Investors Caught Accumulating These Shares Amid Volatile IHSG

Amid selling pressure in the market, foreign investors were observed accumulating several stocks with significant net foreign buys during Tuesday’s trading (31/3/2026). Shares of PT Indofood Sukses Makmur Tbk (INDF) were the most heavily purchased by foreigners, valued at Rp62.5 billion. This was followed by PT Bank Mandiri (Persero) Tbk (BMRI) at Rp39.3 billion and PT Nusantara Sawit Sejahtera Tbk (NSSS) at Rp25.4 billion. In addition, stocks such as PT Merdeka Gold Resources Tbk (EMAS), PT Sumber Alfaria Trijaya Tbk (AMRT), and PT Kalbe Farma Tbk (KLBF) also attracted foreign buying interest. For more details, here are the top 10 stocks with the largest net foreign buys: - PT Indofood Sukses Makmur Tbk (INDF) - Rp62.5 billion - PT Bank Mandiri (Persero) Tbk (BMRI) - Rp39.3 billion - PT Nusantara Sawit Sejahtera Tbk (NSSS) - Rp25.4 billion - PT Merdeka Gold Resources Tbk (EMAS) - Rp23.5 billion - PT Sumber Alfaria Trijaya Tbk (AMRT) - Rp22.5 billion - PT Kalbe Farma Tbk (KLBF) - Rp19.4 billion - PT Adaro Andalan Indonesia Tbk (AADI) - Rp16.6 billion - PT Indofood CBP Sukses Makmur Tbk (ICBP) - Rp16.6 billion - PT Midi Utama Indonesia Tbk (MIDI) - Rp14.8 billion - PT Star Pacific Tbk (STAR) - Rp13.8 billion Although there was buying activity in several stocks, foreign investors as a whole still recorded a daily net sell, in line with the pressure in the domestic stock market. Yesterday’s trading saw foreigners posting a net sell of Rp1.28 trillion. Meanwhile, the Composite Stock Price Index (IHSG) closed lower by 0.61% or -43.45 points at 7,048.22. A total of 270 stocks rose, 435 fell, and 253 remained unchanged. Trading value reached Rp14.92 trillion, involving 25.73 billion shares in 1.72 million transactions. Throughout the day, IHSG volatility was quite high. The IHSG opened in positive territory but then reversed to weakness, eventually closing the first session in negative territory. Citing Refinitiv, the utilities, energy, and industrial sectors were the main drags on the IHSG. This was in line with the movements of stocks such as PT Barito Renewables Energy Tbk (BREN), PT Bayan Resources Tbk (BYAN), and PT Energi Mega Persada Tbk (ENRG), which burdened the index.