Foreign Investors Quietly Sell Off Top 10 Stocks as Indonesian Composite Index Weakens

Jakarta — Indonesia’s Composite Index (IHSG) returned to correction territory on Wednesday, 11 March 2026, closing down 0.69% at 7,389.40 following a day of gains.

Trading volume reached Rp15.72 trillion in total transaction value with 32.20 billion shares traded across 1.85 million transactions. Of the 817 stocks traded, 312 advanced, 366 declined, and 139 remained unchanged.

Concurrent with the market weakness, foreign investors recorded substantial net selling of Rp938.66 billion across all market segments. The breakdown showed Rp730.31 billion in the regular market and Rp208.34 billion in the negotiated and cash markets.

The top ten stocks subject to the heaviest foreign selling pressure on Wednesday were:

1. PT Bank Central Asia Tbk. (BBCA) – Rp261.93 billion

2. PT Bumi Resources Tbk. (BUMI) – Rp137.29 billion

3. PT Bank Rakyat Indonesia (Persero) Tbk. (BBRI) – Rp80.38 billion

4. PT Darma Henwa Tbk. (DEWA) – Rp73.28 billion

5. PT Timah Tbk. (TINS) – Rp60.10 billion

6. PT Bank Negara Indonesia (Persero) Tbk. (BBNI) – Rp59.37 billion

7. PT Merdeka Battery Materials Tbk. (MBMA) – Rp121.10 billion

8. PT Amman Mineral Internasional Tbk. (AMMN) – Rp44.51 billion

9. PT Indah Kiat Pulp & Paper Tbk. (INKP) – Rp37.21 billion

10. PT Sinergi Inti Andalan Tbk. (INET) – Rp27.12 billion