Foreign Investors Gradually Accumulate These Shares
Jakarta, CNBC Indonesia — While foreign investors were busy offloading large banking shares, funds instead flowed into several energy and conglomerate stocks during Wednesday’s trading (16/4/2026).
Behind the net selling pressure of Rp982.3 billion, foreigners were recorded accumulating in certain specific shares, reflecting a rotation strategy that is increasingly evident in the market.
Foreign buying activity was concentrated on energy and commodity shares such as CUAN, MEDC, and BRMS, indicating that this sector remains a target amid market volatility.
On the other hand, the entry into defensive shares like TLKM and INDF shows that global investors are still maintaining exposure to shares with strong fundamentals.
Here are the 10 shares with the largest net foreign buys:
PT Petrindo Jaya Kreasi Tbk. (CUAN) - Rp61.1 billion
PT Medco Energi Internasional Tbk. (MEDC) - Rp50.8 billion
PT Merdeka Gold Resources Tbk. (EMAS) - Rp50.3 billion
PT Telkom Indonesia (Persero) Tbk. (TLKM) - Rp45.8 billion
PT Indofood Sukses Makmur Tbk. (INDF) - Rp40.7 billion
PT Barito Pacific Tbk. (BRPT) - Rp35.9 billion
PT United Tractors Tbk. (UNTR) - Rp35.8 billion
PT Bumi Resources Minerals Tbk. (BRMS) - Rp23.8 billion
PT Charoen Pokphand Indonesia Tbk. (CPIN) - Rp23.2 billion
PT Bank Negara Indonesia (Persero) Tbk. (BBNI) - Rp21.5 billion
Meanwhile, the Composite Stock Price Index (IHSG) closed slightly weaker on Thursday’s trading (16/4/2026), after fluctuating throughout the day.
The IHSG closed at 7,621.38, down 2.21 points or 0.03%. Since the opening, the IHSG actually moved in the green zone and touched a high of around 7,705, but selling pressure increased towards noon, causing the index to plunge to the 7,575 area.
In the second session, the IHSG attempted a rebound but ultimately closed slightly in the red. A total of 385 shares rose, 326 shares fell, and 248 shares were stagnant.
From the trading activity perspective, transaction values were quite brisk with a total of around Rp17.88 trillion and volume reaching 37.19 billion shares, with transaction frequency around 2.58 million times.
Market capitalisation was recorded at around Rp13,584 trillion.
According to Refinitiv, the IHSG was supported by Sejahteraraya Anugrahjaya (SRAJ) with a contribution of 8.64 index points. This hospital issuer’s share, owned by Dato Sri Tahir, surged 15.27% to 15,100.