Massive Foreign Capital Outflow: BBCA, TPIA, and BBRI Targeted as JCI Plummets
Foreign investors recorded significant net selling on the Indonesia Stock Exchange (IDX) during the first trading session on Wednesday (3/6/2026). The total value of funds withdrawn by global investors from the Indonesian stock market reached Rp525.3 billion.
Shares of PT Bank Central Asia Tbk (BBCA) were the most heavily sold by foreign investors during this session. According to IDX data published by Stockbit Sekimuritas, the net sell value for BBCA reached Rp265.3 billion. This transaction value was calculated using the average trading price during the first session, with foreign investors selling approximately 46.6 million shares.
The selling pressure on BBCA was the largest in the regular market compared to other issuers. This caused the share price of Indonesia’s largest private bank to drop by 3 per cent to the level of Rp5,650 per share. This decline continues a recent downward trend for BBCA; the stock has corrected by 5.4 per cent over the past week and 3.4 per cent over the past month. Year-to-date (YTD), BBCA shares have plummeted by approximately 30 per cent since the start of the year.
In addition to BBCA, foreign investors also recorded large net sells in PT Chandra Asri Pacific Tbk (TPIA) worth Rp257.53 billion and PT Bank Rakyat Indonesia Tbk (BBRI) amounting to Rp198.73 billion. Selling pressure also shadowed several other issuers, such as PT Dian Swastatika Sentosa Tbk (DSSA) by Rp104.14 billion, PT Aneka Tambang Tbk (ANTM) by Rp90.94 billion, and PT Petrindo Jaya Kreasi Tbk (CUAN) by Rp57.13 billion.
Amidst the heavy foreign capital outflows, some stocks continued to attract interest from global investors. PT Bumi Resources Tbk (BUMI) led the list of top net foreign buys with a value of Rp165.59 billion. This was followed by PT Bank Mandiri Tbk (BMRI) with a net buy of Rp87.04 billion, PT Amman Mineral Internasional Tbk (AMMN) with Rp86.96 billion, and PT Barito Renewables Energy Tbk (BREN) with Rp43.21 billion.
The pressure in the stock market was reflected in the movement of the Jakarta Composite Index (IHSG), which has remained in negative territory since the start of trading.