JCI Plunges 1.89% as Foreign Investors Dump MAPI Shares

The Jakarta Composite Index (JCI) closed sharply lower on Tuesday (8/7/2026), battered by a wave of selling from foreign investors. Selling pressure persisted until the final session, leaving the JCI to finish near its daily low, with PT Mitra Adiperkasa Tbk (MAPI) emerging as the stock most heavily offloaded by overseas investors. According to trading data from the Indonesia Stock Exchange (IDX), the JCI ended the day down 113.13 points, or 1.89%, at 5,873.37. This position was just 1.35 points above the intraday low of 5,872.02, indicating that selling pressure held firm through the close. Total transaction value reached Rp10.54 trillion, with a trading volume of 21.18 billion shares. A total of 195 stocks advanced, 512 declined, and 256 remained unchanged. Foreign investors recorded a net sell of Rp689.3 billion across all markets. The total foreign buy value stood at Rp3.454 trillion, while the sell value reached Rp4.144 trillion. MAPI shares were the primary target of the foreign sell-off, with a net sell value of Rp425.6 billion, making it the issuer with the largest net sell for the day. Following MAPI, other stocks heavily sold by foreign investors included PT Bank Rakyat Indonesia (Persero) Tbk. (BBRI) at Rp142.2 billion, PT Bumi Resources Minerals Tbk. (BRMS) at Rp62.4 billion, PT Amman Mineral Internasional Tbk. (AMMN) at Rp59.6 billion, and PT Charoen Pokphand Indonesia Tbk. (CPIN) at Rp21 billion. Foreign selling was also evident in several cyclical and commodity stocks, such as PT Semen Indonesia (Persero) Tbk. (SMGR), PT Erajaya Swasembada Tbk. (ERAA), PT Merdeka Copper Gold Tbk. (MDKA), PT Barito Renewables Energy Tbk. (BREN), and PT Medco Energi Internasional Tbk. (MEDC).