Foreign Selling Pressure Eases on Indonesian Bourse After MSCI Announcement

Foreign investors still recorded a net sell in the regular market on Thursday (25/6/2026), but the selling pressure began to ease after exceeding Rp1 trillion the previous day. Based on trading data, foreign investors posted a net sell of Rp299 billion. This figure was far smaller than the net sell of Rp1.171 trillion on Wednesday (24/6/2026), shrinking by approximately 74.5% in a single day. Although foreign capital flows remained outward, the reduction in net sell value could be an early indication that selling pressure is starting to subside following the massive disposal that occurred after the announcement of the MSCI evaluation results in the prior trading session. Major banking stocks were still the primary targets of foreign selling. PT Bank Mandiri Tbk (BMRI) recorded the largest net sell at Rp224.2 billion, followed by PT Bank Rakyat Indonesia Tbk (BBRI) at Rp93.2 billion. Beyond the banking sector, selling pressure was also seen in PT Kalbe Farma Tbk (KLBF) at Rp77.3 billion, PT Amman Mineral Internasional Tbk (AMMN) at Rp40 billion, PT Jasa Marga Tbk (JSMR) at Rp39.9 billion, PT GoTo Gojek Tokopedia Tbk (GOTO) at Rp32 billion, and PT Indo Tambangraya Megah Tbk (ITMG) at Rp31.5 billion. Meanwhile, the Jakarta Composite Index (IHSG) closed significantly higher yesterday. The IHSG initially opened in the red before surging 1.96% to a level of 5,999.04 at the close of the second trading session. A majority of stocks, or 537 issuers, were in positive territory, while 135 declined and 141 remained unchanged. However, the IHSG’s strengthening was not yet accompanied by transaction value and volume, which were relatively thin at Rp13.65 trillion and 22.58 billion shares. Market capitalisation also remained below Rp11,000 trillion, precisely at Rp10,519 trillion.