Foreign Investors Increase Stake in Indocement (INTP), Share Rises Amid Market Volatility
JAKARTA, KOMPAS.com - Foreign investors recorded an increase in their share ownership in PT Indocement Tunggal Prakarsa Tbk (INTP) in March 2026, amid the ongoing fluctuations in the stock market.
According to disclosures from the Indonesia Stock Exchange (BEI) on Wednesday (8/4/2026), foreign ownership rose to 2.908 billion shares from the previous 2.907 billion shares. This increase equates to an addition of approximately 951,714 shares.
On the other hand, domestic investor ownership experienced a decline over the same period, dropping from 607.87 million shares to 606.92 million shares.
Overall, the structure of INTP’s share ownership remains dominated by foreign investors. One of the major shareholders, Heidelberg Materials AG, continues to control around 53.40% of the company’s shares without any change.
INTP’s management had previously announced that the company had completed its share buyback programme worth hundreds of billions of rupiah.
Based on the disclosures, the company has realised the buyback of 66.24 million shares, equivalent to 1.88% of the total shares listed on the Indonesia Stock Exchange (BEI).
The total funds disbursed reached Rp437.87 billion, with an average purchase price of Rp6,610 per share. This corporate action is part of the buyback period from 22 May 2025 to 21 May 2026, which has been carried out up to 6 April 2026.
For context, INTP is one of Indonesia’s largest cement producers, operating since 1975. The company is widely known through its Tiga Roda brand and is part of the global Heidelberg Materials group.
In terms of business, Indocement operates in the building materials industry, particularly cement production, with an extensive distribution network in the domestic market. Support from its global parent company further strengthens the company’s position in maintaining competitiveness amid the tight national cement industry.
INTP shares rose 1.92% or 100 points to Rp5,300 per share. At the start of trading, the price moved fluctuantly and touched a low of Rp5,175.