Foreign Investors Snap Up These 10 Stocks as IDX Plummets Below 7,000

JAKARTA, KOMPAS.com - The Jakarta Composite Index (JCI) fell back below the psychological level of 7,000 at the close of trading on Friday (8/5/2026). Amid such market pressures, foreign investors instead snapped up a number of large-cap or blue-chip stocks. Based on data from the Indonesia Stock Exchange (IDX), the JCI closed down 204.925 points or 2.86% at 6,969.396. This sharp correction also ended the four-day rally since early May 2026. Despite the sharp drop at the end of the week, the JCI still recorded a slight gain of 0.18% on a weekly basis. The basic materials sector recorded the deepest weakening of 7.80%. Declines also occurred in the transportation sector by 5.72%, energy by 4.59%, industrials by 4.55%, non-primary consumer goods by 3.39%, and property and real estate by 2.66%. The primary consumer goods sector fell 2.11%. The technology sector weakened by 1.91%, finance by 1.48%, and infrastructure fell by 0.32%. Meanwhile, the healthcare sector was the only one to strengthen, with a gain of 0.70%. Stock trading activity was observed to be brisk. Transaction volume reached 55.96 billion shares with a transaction value of Rp 35.88 trillion. A total of 575 stocks weakened, 133 stocks strengthened, and the rest moved stagnantly. Amid such pressures, foreign investors recorded a net buy of Rp 11.42 trillion in weekend trading. Stocks in the banking, telecommunications, consumer, and commodities sectors became the main targets of foreign investors. Here is the list of the top 10 stocks with the largest net buy over the past week: 1. PT Indah Kiat Pulp & Paper Tbk (INKP) Rp 396.82 billion 2. PT Timah Tbk (TINS) Rp 216.48 billion 3. PT Bank Negara Indonesia Tbk (BBNI) Rp 181.79 billion 4. PT Indofood Sukses Makmur Tbk (INDF) 5. PT Indosat Tbk (ISAT) Rp 95.12 billion 6. PT Alamtri Resources Indonesia Tbk (ADRO) Rp 82.96 billion 7. PT United Tractors Tbk (UNTR) Rp 74.03 billion 8. PT Sumber Alfaria Trijaya Tbk (AMRT) Rp 61.94 billion 9. PT Telkom Indonesia Tbk (TLKM) Rp 49.01 billion 10. PT Barito Pacific Tbk (BRPT) Rp 40.56 billion