Foreign Net Sell Approaches Rp1 Trillion Yesterday, Conglomerate Stocks Targeted
Foreign investors returned to net selling in the domestic stock market as pressure in the financial markets remains unabated. In Wednesday’s (3/6/2026) trading, foreign investors recorded a net sell of almost Rp1 trillion across the entire market.
Trading data shows that foreign investors recorded a net foreign sell of Rp993.2 billion. The value of foreign sales reached Rp10.875 trillion, which was higher than the recorded purchase value of Rp9.881 trillion.
The foreign selling pressure primarily hit conglomerate stocks. The following is a list of the 10 stocks with the largest foreign net sell:
PT Chandra Asri Pacific Tbk. (TPIA) - Rp253.67 billion
PT Astra International Tbk. (ASII) - Rp228.68 billion
PT Barito Pacific Tbk. (BRPT) - Rp156.07 billion
PT Petrosea Tbk. (PTRO) - Rp106.87 billion
PT Mitra Adiperkasa Tbk. (MAPI) - Rp88.86 billion
PT Bukit Uluwatu Villa Tbk. (BUVA) - Rp72.15 billion
PT Bank Mandiri (Persero) Tbk. (BMRI) - Rp71.90 billion
PT Barito Renewables Energy Tbk. (BREN) - Rp68.65 billion
PT Adaro Andalan Indonesia Tbk. (AADI) - Rp58.73 billion
PT Bank Negara Indonesia (Persero) Tbk. (BBNI) - Rp48.33 billion.
Meanwhile, the Jakarta Composite Index (IHSG) attempted to curb its correction but still recorded a deep plunge by the end of yesterday’s trading. The IHSG closed down 4.11% or -254.36 points to the level of 5,941.07. A total of 75% of issuers, or 726 companies, were in the red zone, while only 75 issuers were in the green zone and 158 remained unchanged.
Transaction value reached Rp24.96 trillion, involving 35.83 billion shares across 2.71 million transactions. Market capitalisation also fell to Rp10,455 trillion.
According to Refinitiv, the materials and healthcare sectors saw the deepest corrections, at -9.23% and -6.37% respectively. Two major banks and mining stocks affiliated with the Salim Group were the primary drags on the IHSG.