Foreign Investors Snap Up SSMS, EMAS, and BNBR Shares Amid IHSG Weakness

JAKARTA, KOMPAS.com - The Composite Stock Price Index (IHSG) closed in negative territory on Tuesday (21/4/2026), following the announcement by Morgan Stanley Capital International (MSCI) to suspend rebalancing of Indonesian stocks in May 2026.

However, amid the index’s weakness, foreign investors instead carried out net buying actions on several stocks.

Based on data from the Indonesia Stock Exchange (BEI), foreign investors recorded a net buy of Rp 473.93 billion across the entire market.

Foreign buying activity was concentrated on certain stocks outside the big cap group. PT Sawit Sumbermas Sarana Tbk (SSMS) became the stock with the largest foreign net buy, amounting to Rp 163.9 billion.

This was followed by PT Merdeka Gold Resources Tbk (EMAS) at Rp 129.5 billion, and PT Bakrie & Brothers Tbk (BNBR) at Rp 113.2 billion.

The stocks heavily purchased by foreign investors showed a fairly solid strengthening pattern throughout Tuesday’s trading.

Intraday, these stocks moved from the lower area around 1,300-1,310, before gradually rising and stabilising above 1,340 until the close.

EMAS shares strengthened more aggressively, rising 7.47 percent to 9,350.

This stock’s movement demonstrated a consistent upward trend from the start of the session, briefly touching a high of around 9,500 before experiencing slight consolidation.

BNBR shares initially moved sideways at the start of trading before experiencing a sharp surge to the 240 area, then a light correction and stabilising around 230.