IDX Composite Briefly Drops to 6,000 as Foreign Investors Continue Selling
The Indonesia Stock Exchange (IDX) Composite came under pressure at the start of trading on Wednesday (3/6/2026), briefly falling to the 6,000 level. Continued selling by foreign investors and increased market caution regarding several global sentiments have weighed on the domestic stock market’s movement.
After opening at 6,207.102, the IDX Composite dropped by 2.77 per cent to 6,023.673. RTI data shows the index even touched a low of 6,015.234 during the morning session, erasing the gains recorded the previous day.
Ratih Mustikoningsih, a financial expert at Ajaib Sekuritas, stated that foreign capital outflows remain the primary factor hindering the strengthening of the Indonesian stock market. As of 2 June 2026, foreign investors have recorded a net sell of approximately Rp66.2 trillion year-to-date.
“Although the IDX Composite began June with gains, the continued outflow of foreign funds remains one of the factors limiting the index’s growth,” Ratih noted in her research on Wednesday.
Pressure also stems from the weakening Rupiah, which was trading around Rp17,918 per US dollar during Wednesday’s session.
Domestically, investors are monitoring May 2026 inflation, which reached 3.08 per cent year-on-year, an increase from 2.42 per cent in April. Rising energy and food prices were the primary drivers of this inflation.
The market is also responding to the contraction of Indonesia’s trade surplus in April 2026, which fell to $89.1 million from $3.32 billion in March. Nevertheless, Indonesia has maintained a trade surplus for 72 consecutive months.
Externally, market participants are monitoring the rise in Brent crude oil prices, which approached $100 per barrel amid increasing geopolitical uncertainty in the Middle East. Investors are also awaiting developments in the relationship between Iran and the United States, as well as the situation in the Strait of Hormuz, a strategic global energy trade route.
Ratih expects the IDX Composite to move within the range of 6,000 to 6,250 during today’s trading. Amid market volatility, Ajaim Sekuritas recommends a buy accumulation for PT Bank Central Asia Tbk (BBCA) with a target price of Rp6,000 per share.
Additionally, shares of PT Alamtri Resources Indonesia Tbk (ADRO) are considered attractive to watch following an increase in ownership by the controlling shareholder, while PT Darma Henwa Tbk (DEWA) is recommended as a speculative buy for investors with a higher risk tolerance.