Foreign Investors Caught Accumulating These Shares as IHSG Plummets 6%

Jakarta, CNBC Indonesia — Amid the selling pressure from foreign investors that weighed on the Composite Stock Price Index (IHSG) throughout last week, global investors continued to accumulate certain specific shares.

Based on trading data for the period 20-24 April 2026, although foreigners recorded a net sell of Rp2.95 trillion, there were several shares that were instead snapped up (net foreign buy), particularly from the conglomerate, energy, and commodities sectors.

Here are the 10 shares with the largest net foreign buy:

• PT Sawit Sumbermas Sarana Tbk. (SSMS) - Rp824.0 billion

• PT Saratoga Investama Sedaya Tbk. (SRTG) - Rp817.6 billion

• PT Merdeka Gold Resources Tbk. (EMAS) - Rp492.4 billion

• PT Bank Negara Indonesia (Persero) Tbk. (BBNI) - Rp382.6 billion

• PT Vale Indonesia Tbk. (INCO) - Rp190.4 billion

• PT Medco Energi Internasional Tbk. (MEDC) - Rp183.0 billion

• PT Barito Renewables Energy Tbk. (BREN) - Rp168.7 billion

• PT Energi Mega Persada Tbk. (ENRG) - Rp139.5 billion

• PT United Tractors Tbk. (UNTR) - Rp137.1 billion

• PT Soraya Berjaya Indonesia Tbk. (SKRN) - Rp95.9 billion

Foreign buying action was seen as quite aggressive on resource-based shares such as SSMS, INCO, and MEDC, indicating continued interest in the commodities sector amid market pressures.

Meanwhile, last week the IHSG fell 504.51 points or -6.61%. The index closed at 7,129.49 on Friday’s trading (24/4/2026).

The average daily transaction value for the period 20-24 April 2026 fell 3.67% week-on-week to Rp19.61 trillion. However, the average daily volume of shares traded rose 4.44% to 44.88 billion in 2.75 million transactions.

Some shares fell more than 2% throughout last week. Market capitalisation also dropped 7.07% to Rp12,736 trillion.