Foreign Investors Scoop Up BBRI, While Dumping BMRI and BBCA Heavily

JAKARTA - Foreign capital flows continue to exit the Indonesian stock market. In the past week alone, foreign investors recorded net selling activity amounting to Rp 2.4 trillion, prolonging the pressure seen since early 2026. According to data from Mirae Asset Sekuritas Indonesia, year-to-date, the accumulated net selling by foreign investors has reached Rp 49 trillion. The significant outflow occurs amid the movement of the Composite Stock Price Index (IHSG), which remains under pressure and has corrected by 0.3 percent month-to-date since early May 2026. Foreign selling actions have predominantly targeted big-cap banking stocks, which have traditionally been the main pillars of the IHSG. Pressure from foreign selling also hit shares of PT Bank Central Asia Tbk (BBCA) with net selling valued at Rp 500 billion. However, BBCA’s share price still recorded a 5.6 percent increase. Besides banking shares, foreign investors also offloaded shares in the energy and coal sectors. PT Bumi Resources Tbk (BUMI) experienced foreign net selling of Rp 196 billion, in line with a share price correction of up to 10 percent. Subsequently, shares of PT Petrosea Tbk (PTRO) recorded net selling of Rp 188 billion with stagnant share prices, while shares of PT Petrindo Jaya Kreasi Tbk (CUAN) saw net selling of Rp 180 billion after its share price fell 6.7 percent. Amid the heavy foreign selling, several shares remain attractive to global investors. PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) became the stock with the largest net buy, reaching Rp 776 billion. In line with this buying action, BBRI shares surged 9 percent in the week. Besides BBRI, foreign investors also scooped up shares of PT Timah Tbk (TINS) by Rp 140 billion, although its share price fell 2.5 percent. Next, shares of PT Telkom Indonesia (Persero) Tbk (TLKM) recorded a net buy of Rp 111 billion with a 5.3 percent price increase. Meanwhile, shares of PT Indofood Sukses Makmur Tbk (INDF) recorded a net buy of Rp 81 billion with a 3.3 percent price rise.