IHSG Reverses Direction After 5-Day Rally, Foreign Investors Sell BBRI, BBCA, and BUMI Shares

JAKARTA, KOMPAS.com - Heavy net selling activity by foreign investors, particularly in banking stocks, dragged the Composite Stock Price Index (IHSG) into negative territory at the close of trading on Wednesday (15/4/2026), following the index’s five consecutive days of gains.

According to data from the Indonesia Stock Exchange (BEI), the IHSG closed down 52.36 points or 0.68 percent at 7,623.59 during Wednesday afternoon’s trading close.

Global investors recorded net selling worth Rp1.16 trillion across the entire market.

In the regular market, the pressure was even greater with net selling of Rp1.23 trillion, while in the cash and negotiated markets, there was a slight net buy of Rp61.75 billion.

PT Bank Rakyat Indonesia Tbk (BBRI) was the stock with the largest net sell, amounting to Rp706.6 billion, followed by PT Bank Central Asia Tbk (BBCA) at Rp263.8 billion, and PT Bumi Resources Tbk (BUMI) at Rp193.6 billion.

Meanwhile, BBRI shares closed at Rp3,400, down 1.73 percent.

This state-owned banking issuer’s shares weakened from the start of the trading session, initially hovering around Rp3,500, before gradually declining and moving sideways in the Rp3,440–Rp3,460 range, then facing further pressure until the close.

Deeper pressure was evident in BBCA shares, which corrected 2.96 percent to Rp6,550.

These shares opened around Rp6,800 but experienced consistent declines throughout the day.

BUMI was also not spared from the pressure, dropping 3.82 percent to Rp252.

After initially trading around Rp266, the price continued to fall until the close.

On the other hand, foreign investors continued limited accumulation in several stocks.

PT Astra International Tbk (ASII) recorded a net buy of Rp199.4 billion, followed by PT Petrindo Jaya Kreasi Tbk (CUAN) at Rp109.1 billion, and PT Merdeka Copper Gold Tbk (MDKA) at Rp67.5 billion.

Overall, the IHSG on Wednesday’s trading reflected a reversal in direction, after initially strengthening at the start of the session.