Foreign Investors Massively Sell Off 10 Stocks Before Long Holiday Last Week
Jakarta, CNBC Indonesia - The Jakarta Composite Index (IHSG) plunged nearly 2% during the final trading session of last week, Wednesday (13/05/2026), as the market responded negatively to the results of the MSCI index review, which removed several large Indonesian companies from its global indices.
Based on data from the Indonesia Stock Exchange (IDX), the IHSG closed down 135.58 points, or -1.98%, at the 6,723.32 level. The greatest pressure on the IHSG at the end of last week originated from stocks removed from the MSCI Global Standard Index and the MSCI Global Small Cap Index.
MSCI officially removed six Indonesian stocks from the MSCI Global Standard Index, namely: PT Amman Mineral Internasional Tbk (AMMN), PT Barito Renewables Energy Tbk (BREN), PT Chandra Asri Pacific Tbk (TPIA), PT Dian Swastatika Sentosa Tbk (DSSA), PT Petrindo Jaya Kreasi Tbk (CUAN), and PT Sumber Alfaria Trijaya Tbk (AMRT). Additionally, MSCI removed 13 Indonesian stocks from the MSCI Global Small Cap Index.
Foreign investors recorded a net sell of Rp 1.35 trillion in the regular market during the final trading day before the long holiday last week. Over the course of the week, foreign net selling was recorded at Rp 3.65 trillion; over the month, Rp 19.22 trillion; over the last three months, Rp 30.05 trillion; and since the beginning of the year, Rp 50.63 trillion in foreign funds have exited the Indonesian capital market.
The following stocks saw the highest volume of selling at the end of last week’s trading:
Bank Rakyat Indonesia (BBRI): Rp 273.55 billion
Bank Mandiri (BMRI): Rp 139.76 billion
Amman Mineral Internasional (AMMN): Rp 123.6 billion
Bank Central Asia (BBCA): Rp 91.76 billion
Aneka Tambang (ANTM): Rp 62.69 billion
Barito Renewables Energy (BREN): Rp 59.69 billion
Petrosea (PTRO): Rp 51.21 billion
Mitra Adiperkasa (MAPI): Rp 51.12 billion
Petrindo Jaya Kreasi (CUAN): Rp 47.54 billion
Astra International (ASII): Rp 44.67 billion