Foreign Pressure Continues, IHSG Keeps Weakening

The Financial Services Authority (OJK) recorded a net sell-off by foreign investors, or net foreign sell, amounting to Rp 23.34 trillion in the most recent month of trading. This trend is occurring alongside the weakening of the Composite Stock Price Index (IHSG).

OJK’s Executive Head of Capital Market Supervision, Financial Derivatives, and Carbon Exchange, Hasan Fawzi, stated that the IHSG has weakened by more than 14% over the past month. Nevertheless, he assessed that the IHSG is still able to hold firm amid domestic and global economic dynamics.

“The IHSG closed at the end of March at the level of 7,048.22, or a month-to-month correction of 14.42%. However, amid these dynamics, the resilience and liquidity in the domestic capital market as a whole remain well maintained. Foreign investors recorded a net sale in the stock market worth Rp 23.34 trillion month-to-month,” Hasan revealed during a virtual press conference on the results of the OJK Board of Commissioners Meeting on Monday (6/4/2026), as reported by detikFinance.

Pressure from the Negotiated Market

Hasan explained that the surge in the net foreign sell trend was influenced by transactions in the negotiated market for several stocks on the Indonesia Stock Exchange (BEI).

Meanwhile, in the bond market, the Indonesia Composite Bond Index (ICBI) also experienced a correction of 2.03% to the level of 433.16.

“This is recorded as a month-to-month correction of 2.03% or 1.74% year-to-date,” he clarified.

Sell-Off Action in the SBN Market

For Government Securities (SBN), OJK also recorded a net sell-off by non-resident investors amounting to Rp 21.80 trillion on a monthly basis. This condition was triggered by increasing global uncertainty.

“Along with the increase in risk perception due to global uncertainty, non-resident investors recorded a net sale in the SBN market of Rp 21.80 trillion month-to-month,” he concluded.