IHSG Falls Amid Middle East Conflict as Foreign Investors Divest from Key Stocks
Jakarta — Indonesia’s Composite Index (IHSG) weakened at the close of trading on Wednesday (11 March 2026), declining 51.51 points or 0.69 per cent to 7,389.40.
Alongside the index’s decline, foreign investors recorded net sales of Rp938.66 billion across the entire market, according to Indonesia Stock Exchange (IDX) data.
Net foreign selling in the regular market reached Rp730.31 billion, whilst in the cash market and negotiated market, foreign investors recorded net sales of Rp208.34 billion.
PT Medco Energi Internasional Tbk (MEDC) shares recorded the largest net sales at Rp336.5 billion. Subsequently, PT Bank Central Asia Tbk (BBCA) shares also experienced selling pressure with net sales valued at Rp261.9 billion.
Foreign investors also divested from PT Bumi Resources Tbk (BUMI) shares with net sales of Rp137.3 billion.
On the other side, foreign investors continued accumulating positions in several stocks. PT Telkom Indonesia Tbk (TLKM) emerged as the emitter with the largest net purchases by foreign investors, at Rp160.5 billion. Beyond TLKM, foreign investors also recorded net purchases of PT Nusantara Sawit Sejahtera Tbk (NSSS) shares valued at Rp102.3 billion and PT Bangun Kosambi Sukses Tbk (CBDK) at Rp49.3 billion.
The IHSG is expected to continue moving with fluctuations and a consolidation tendency during Thursday’s (12 March 2026) trading session, with the index declining 0.69 per cent to 7,389.40 at Wednesday’s close.
Escalating geopolitical tensions in the Middle East are considered the primary factor triggering volatility in the financial market and making investors more cautious.
Capital market analyst and founder of Republik Investor, Hendra Wardana, assessed that the stock market currently faces pressure from external sentiment, particularly geopolitical tensions in the Middle East that trigger volatility in global financial markets.
According to him, uncertainty surrounding the conflict heightens concerns about global energy supply stability, as well as the potential for inflation increases across various countries.