Indonesian Political, Business & Finance News

Foreign Investors Shift Strategy, Dump Commodity Big Caps and Scoop Up These Shares

| Source: CNBC Translated from Indonesian | Finance
Foreign Investors Shift Strategy, Dump Commodity Big Caps and Scoop Up These Shares
Image: CNBC

Jakarta, CNBC Indonesia — Foreign investors showed portfolio rotation in Monday’s trading (3/8/2026). Amidst a net sell of Rp708 billion across the entire market, foreign funds actually flowed into a number of defensive shares, while commodity stocks, basic materials and state-owned banks became targets of sell-offs.

Based on Indonesia Stock Exchange (IDX) trading data, shares of telecommunications company PT Telkom Indonesia Tbk. (TLKM) were the main target of foreign investors with a net buy of Rp118.7 billion. The next positions were occupied by PT Bank Central Asia Tbk. (BBCA) at Rp78.3 billion, PT Gudang Garam Tbk. (GGRM) at Rp38.2 billion, PT Timah (Persero) Tbk. (TINS) at Rp30.5 billion, and PT Indofood CBP Sukses Makmur Tbk. (ICBP) at Rp28.7 billion.

On the other hand, foreign investors released a number of large-capitalisation shares. PT Chandra Asri Pacific Tbk. (TPIA) recorded the largest net sell at Rp191.9 billion, followed by PT Amman Mineral Internasional Tbk. (AMMN) at Rp91.1 billion, PT Bank Mandiri (Persero) Tbk. (BMRI) at Rp88.4 billion, PT Bank Rakyat Indonesia (Persero) Tbk. (BBRI) at Rp62.2 billion, as well as PT Astra International Tbk. (ASII) at Rp53.3 billion.

The movement indicates a shift of foreign funds from shares that are more sensitive to the economic cycle towards shares considered more defensive.

The following are the 10 shares with the largest foreign net buys in Monday’s trading (3/8/2026):

  • PT Telkom Indonesia (Persero) Tbk. (TLKM) Rp118.7 billion

  • PT Bank Central Asia Tbk. (BBCA) Rp78.3 billion

  • PT Gudang Garam Tbk. (GGRM) Rp38.2 billion

  • PT Timah (Persero) Tbk. (TINS) Rp30.5 billion

  • PT Indofood CBP Sukses Makmur Tbk. (ICBP) Rp28.7 billion

  • PT Bumi Resources Minerals Tbk. (BRMS) Rp25.7 billion

  • PT Chitose Internasional Tbk. (CINT) Rp23.7 billion

  • PT Petrosea Tbk. (PTRO) Rp22.4 billion

  • PT Sariguna Primatirta Tbk. (CLEO) Rp20.2 billion

  • PT Pantai Indah Kapuk Dua Tbk. (PANI) Rp18.3 billion

Meanwhile, the Jakarta Composite Index (IHSG) closed marginally lower, down 0.03% to 6,234.49 in yesterday’s trading. The index weakened amid a total transaction value of Rp14.38 trillion, with shares such as BREN, DCII, BBCA, BUVA and MLPT being the main drags on index movement.

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