Foreign Investors Spotted Accumulating These Shares

Jakarta, CNBC Indonesia — Despite recording a net sell of Rp3.38 trillion during the trading period of 20-24 July 2026, foreign investors continued to accumulate a number of shares. Based on trading data, PT Pacific Strategic Financial Tbk (APIC) was the stock with the largest net foreign buy value for the week, reaching Rp295.7 billion. The transactions were conducted through the negotiation market. The next position was occupied by PT VKTR Teknologi Mobilitas Tbk (VKTR) at Rp290.5 billion, followed by PT Barito Pacific Tbk (BRPT) valued at Rp209.3 billion. Meanwhile, PT Aneka Tambang (Persero) Tbk (ANTM) recorded a foreign net buy of Rp100 billion, followed by PT Petrosea Tbk (PTRO) at Rp95.1 billion, PT AKR Corporindo Tbk (AKRA) at Rp87.8 billion, PT Alamtri Resources Indonesia Tbk (ADRO) at Rp67 billion, PT Indofood Sukses Makmur Tbk (INDF) at Rp60 billion, PT Indofood CBP Sukses Makmur Tbk (ICBP) at Rp57.4 billion, and PT Gudang Garam Tbk (GGRM) at Rp56.5 billion. Amid this selective buying, foreign investors overall still recorded a net sell of Rp3.38 trillion in the regular market during the week, reversing from a net buy position of Rp442.05 billion the previous week. The Jakarta Composite Index (IHSG) still managed to strengthen by 0.34% to a level of 6,196.43 at the end of the week. The increase was supported by heightened trading activity, with the average daily transaction value soaring 41.21% to Rp19.76 trillion, while the average daily transaction volume rose 66.88% to 43.68 billion shares. However, behind the IHSG’s slight 0.34% gain during the week of 20-24 July 2026, market conditions were not yet fully solid. According to data from the Indonesia Stock Exchange (BEI), 385 listed companies declined in number, more than the 351 stocks that advanced, while 229 stocks closed unchanged. Viewed by market capitalisation, approximately 54% of market capitalisation came from stocks that corrected, while advancing stocks represented only 40%. This condition indicates that the IHSG’s rise was largely supported by gains in a select number of shares, while selling pressure persisted on the majority of stocks, particularly large-capitalisation shares.