Foreign Investors Net Sell Rp302 Billion in First Session, But Caught Snapping Up BBRI
Foreign investors recorded a net foreign sell of Rp302.86 billion in the first trading session on Monday (20/7/2026), even as the Jakarta Composite Index (IHSG) surged to 6,228.92, supported by banking and telecommunication stocks. Based on data from the Indonesia Stock Exchange (BEI) via IDX Mobile, the IHSG stood at 6,228.92 at the end of the first session, soaring 53.38 points or 0.86% compared to the previous close. A total of 398 stocks advanced, 188 declined, and 205 remained unchanged. Transaction value reached Rp8.27 trillion, involving 20.1 billion shares in 1.4 million trades.
According to Refinitiv, the majority of sectors strengthened, with only the healthcare and utilities sectors correcting. The primary consumer sector led gains with a 1.47% rise, followed by basic materials, energy, and property. Shares of PT Bank Rakyat Indonesia (Persero) Tbk. (BBRI) were the main driver of the index, contributing 11.68 points, followed by PT Telkom Indonesia (Persero) Tbk. (TLKM) with 7.38 points and PT Bank Central Asia Tbk. (BBCA) with 4.41 points.
The IHSG’s movement occurred amid a wait-and-see stance from market participants ahead of several important central bank agendas this week. Domestically, the main focus is on the outcome of Bank Indonesia’s (BI) Board of Governors Meeting, to be announced on Wednesday (22/7/2026), with market consensus expecting BI to hold its benchmark interest rate at 5.75%. Externally, the market is also awaiting China’s Loan Prime Rate (LPR) decision, the European Central Bank (ECB) interest rate decision, and the release of Japan’s trade and inflation data.
Based on data from Stockbit Sekuritas, foreign investors posted a net sell of Rp302.86 billion across all markets. Amid this selling action, foreigners were recorded accumulating BBRI shares worth Rp116 billion. Overall, foreign transaction value in the first session reached Rp5.65 trillion, with foreign buy at Rp2.67 trillion and foreign sell at Rp2.98 trillion.
The largest foreign selling occurred in state-owned banking stock PT Bank Mandiri (Persero) Tbk. (BMRI), with a net sell value of Rp229.11 billion. Next was PT Astra International Tbk. (ASII), which foreigners offloaded by Rp69.86 billion, and PT Bank Central Asia Tbk. (BBCA) at Rp53.43 billion. Additionally, foreign investors were recorded selling metal commodity stock PT Aneka Tambang Tbk. (ANTM) by Rp46.87 billion, PT Bukit Uluwatu Villa Tbk. (BUVA) by Rp35.22 billion, PT Bank Negara Indonesia (Persero) Tbk. (BBNI) by Rp31.01 billion, PT Chandra Asri Pacific Tbk. (TPIA) by Rp28.18 billion, and PT Amman Mineral Internasional Tbk. (AMMN) by Rp21.88 billion. Selling pressure also hit PT Perusahaan Gas Negara Tbk. (PGAS) by Rp15.58 billion, PT Bank Syariah Indonesia Tbk. (BRIS) by Rp13.79 billion, and PT Adaro Andalan Indonesia Tbk. (AADI) by Rp13.69 billion.
Amid the heavy foreign fund outflows, several stocks became buying targets. PT Bank Rakyat Indonesia (Persero) Tbk. (BBRI) was the stock most snapped up by foreigners, with a net buy value of Rp116.70 billion. Foreigners also collected PT Bakrie & Brothers Tbk. (BNBR) worth Rp43.13 billion and Prajogo Pangestu’s PT Petrindo Jaya Kreasi Tbk. (CUAN) worth Rp30.74 billion. Buying interest also hit PT Barito Pacific Tbk. (BRPT) at Rp29.44 billion, PT Alamtri Resources Indonesia Tbk. (ADRO) at Rp18.32 billion, and PT Telkom Indonesia (Persero) Tbk. (TLKM) at Rp17.93 billion.