Foreign Investors Quietly Accumulate These Shares Amidst 4% Drop in IHSG
Amidst significant pressure on the domestic stock market, foreign investors were seen quietly accumulating shares in certain companies during trading on Wednesday (3/6/2026). Although overall, foreign investors still recorded substantial net sales, several stocks became targets for acquisition.
Trading data shows that foreign investors still recorded net foreign sales of Rp993.2 billion across the entire market. However, several stocks managed to record significant net purchases by foreign investors.
Stocks in the commodity, banking, and conglomerate sectors were among those targeted for accumulation by foreign investors amidst market volatility.
Here is a list of the top 10 stocks with the largest net purchases by foreign investors during yesterday’s trading:
PT Bumi Resources Tbk (BUMI) Rp240.4 billion
PT Merdeka Copper Gold Tbk (MDKA) Rp112.1 billion
PT Alamtri Resources Indonesia Tbk (ADRO) Rp103.1 billion
PT Merdeka Gold Resources Tbk (EMAS) Rp95.4 billion
PT Amman Mineral Internasional Tbk (AMMN) Rp84.5 billion
PT Darma Henwa Tbk (DEWA) Rp74.7 billion
PT Bank Mandiri (Persero) Tbk (BMRI) Rp72.1 billion
PT Timah Tbk (TINS) Rp70.8 billion
PT Vale Indonesia Tbk (INCO) Rp65.9 billion
PT Medco Energi Internasional Tbk (MEDC) Rp49.4 billion
Although there was buying activity in several stocks, the pressure on the domestic market remained significant. The Jakarta Composite Index (IHSG) trimmed some of its losses but still closed down 4.11% or 254.36 points to 5,941.07 during yesterday’s trading.
As many as 726 shares, or about 75% of listed companies, were in the red. Meanwhile, only 75 shares strengthened and 158 shares stagnated.
The transaction value reached Rp24.96 trillion with a trading volume of 35.83 billion shares in 2.71 million transactions. Meanwhile, market capitalization fell to Rp10,455 trillion.
Citing Refinitiv, the raw materials and healthcare sectors were the two sectors that experienced the deepest corrections, down 9.23% and 6.37% respectively. Amidst this pressure, the accumulation of shares in certain companies by foreign investors has attracted the attention of market participants because it occurred when the majority of the market was under significant selling pressure.
(mkh/mkh)