Foreigners Buy Up BMRI and PTBA as IHSG Weakens

JAKARTA — Foreign investors posted net purchases in several blue-chip stocks as the Jakarta Composite Index (IHSG) closed lower on Tuesday, 3 March 2026. Data from the Indonesia Stock Exchange (BEI) showed foreign net purchases across the market totaling Rp 3.4 trillion. BMRI (Bank Mandiri) was the primary target, with net purchases of Rp 93.9 billion. In second place, PT Bukit Asam (PTBA) recorded a net buy of Rp 88.2 billion, followed by ENRG (Energi Mega Persada) with Rp 60.8 billion. In addition, PT United Tractors (UNTR) appeared among the stocks most accumulated by foreigners with Rp 55.9 billion of net buys, followed by PT Telkom Indonesia (Persero) (TLKM) at Rp 50.7 billion. Then ESSA (ESSA Industries Indonesia) Rp 20.9 billion, GTSI (GTS Internasional) Rp 20.4 billion, and BULL (Buana Lintas Lautan) Rp 18.8 billion. On the opposite side, foreigners recorded net selling in the regular market of Rp 1.1 trillion, while in the negotiated and cash markets the figure was Rp 4.6 trillion. The IHSG closed in the red on Tuesday, having opened higher earlier in the session. The weakness continued a correction from the previous day. BEI data show the IHSG fell 77.06 points or 0.96% to 7,939.76, with the index moving between 7,932 and 8,098 during the day. In terms of stock movement, selling pressure dominated the market, with 347 stocks retreating, 343 Advancing, and 128 closing flat.