Indonesian Political, Business & Finance News

Jakarta Composite Index Weakens as Foreign Investors Sell Equities

| Source: CNBC Translated from Indonesian | Finance
Jakarta Composite Index Weakens as Foreign Investors Sell Equities
Image: CNBC

Foreign investors conducted net selling across a range of equities on the Indonesia Stock Exchange during Thursday trading (12 March 2026). Banking and commodities stocks were among the most heavily disposed of by global investors amid a correction in the Jakarta Composite Index (IHSG).

State-owned Bank Rakyat Indonesia (BBRI) topped the list of stocks experiencing the largest foreign net sell-off, with a value reaching Rp153.6 billion. In second position was Bank Negara Indonesia (BBNI), which recorded a net foreign sell of Rp129.2 billion.

Beyond banking equities, energy and mining issuers also featured prominently in the list of stocks most sold by foreign investors, including Medco Energi Internasional (MEDC) and Vale Indonesia (INCO).

The 10 stocks with the largest net foreign sell-offs during yesterday’s trading were:

  • PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) – Rp153.6 billion

  • PT Bank Negara Indonesia (Persero) Tbk (BBNI) – Rp129.2 billion

  • PT Medco Energi Internasional Tbk (MEDC) – Rp82.9 billion

  • PT Vale Indonesia Tbk (INCO) – Rp62.7 billion

  • PT GoTo Gojek Tokopedia Tbk (GOTO) – Rp33.7 billion

  • PT Unilever Indonesia Tbk (UNVR) – Rp29 billion

  • PT Energi Mega Persada Tbk (ENRG) – Rp19.6 billion

  • PT Cisarua Mountain Dairy Tbk (CMRY) – Rp18.6 billion

  • PT Raharja Energi Cepu Tbk (RATU) – Rp13.6 billion

  • PT Indofood Sukses Makmur Tbk (INDF) – Rp12.8 billion

Meanwhile, the IHSG fell 0.37%, declining 27.28 points to 7,362.12 at the close of the second session yesterday.

A total of 211 stocks rose, 461 fell, and 149 others remained unchanged. Transaction value reached Rp13.38 trillion involving 26.81 billion shares across 1.61 million transactions. Market capitalisation also decreased to Rp13.15 quadrillion.

The majority of trading sectors weakened, with the deepest corrections recorded in the infrastructure, property and non-staple consumer sectors. Only the technology and financial sectors strengthened.

Large-cap equities drove IHSG performance, with stocks supporting IHSG performance including DCII, BBCA, BMRI, BYAN and SMMA.

Meanwhile, the largest drags on the IHSG during today’s trading were declines in BREN, DSSA, BRMS, VKTR and MORA.

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