Foreign Investors Still Net Selling, But Quietly Accumulating These Stocks Ahead of MSCI
Foreign investors are becoming increasingly selective ahead of the announcement of the Morgan Stanley Capital International (MSCI) index evaluation results on 12 May 2026. Although overall they recorded a net foreign sell of Rp 482.1 billion across the market on Wednesday’s trading (6/5/2026), several stocks were actively bought by foreigners. Commodity-based stocks and blue chips such as PT Timah Tbk (TINS), PT Aneka Tambang Tbk (ANTM), PT Telkom Indonesia (Persero) Tbk (TLKM), and PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) topped the list of stocks with the largest net foreign buys. Here are the top 10 stocks with the largest net foreign buys from yesterday’s trading: - PT Timah (Persero) Tbk (TINS) - Rp 87.2 billion - PT Aneka Tambang (Persero) Tbk (ANTM) - Rp 71.7 billion - PT Telkom Indonesia (Persero) Tbk (TLKM) - Rp 53.8 billion - PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) - Rp 38.2 billion - PT Energi Mega Persada Tbk (ENRG) - Rp 35.8 billion - PT Sumber Alfaria Trijaya Tbk (AMRT) - Rp 31.1 billion - PT Unilever Indonesia Tbk (UNVR) - Rp 30.2 billion - PT Alamtri Resources Indonesia Tbk (ADRO) - Rp 29.9 billion - PT Multi Bintang Indonesia Tbk (MLBI) - Rp 29.3 billion - PT Indofood Sukses Makmur Tbk (INDF) - Rp 27.4 billion Yesterday’s trading saw the IHSG holding steady in positive territory, buoyed by strength in several commodity and telecommunications stocks. The IHSG has remained in the green for three consecutive days. Market sentiment is still supported by optimism regarding domestic economic growth in the first quarter of 2026, although foreign investors remain cautious amid rupiah pressures. The IHSG closed up 0.50% or 35.36 points at 7,092.47. A total of 341 stocks rose, 196 were unchanged, and only 290 declined. The majority of trading sectors strengthened, with the highest gains recorded in the technology and raw materials sectors. Meanwhile, only the energy, primary consumer, and financial sectors weakened.