Indonesian Stock Market Update: Foreign Investors Exit, IHSG Faces Pressure Amid Global Uncertainty and Sector Shifts
- Foreign investors continued their net selling activity in the Indonesian stock market during the week of March 30 to April 2, 2026, recording a net sell of Rp2.95...
- In total, foreign purchases amounted to Rp18.23 trillion while sales reached Rp21.18 trillion over the period, resulting in the substantial net outflow.
- Transaction volume reached 25.12 billion shares with a total value of Rp14.94 trillion and a trading frequency of 1.66 million times.
Foreign investors continued their net selling activity in the Indonesian stock market during the week of March 30 to April 2, 2026, recording a net sell of Rp2.95 trillion amid weakening Jakarta Composite Index (JCI) and declining trading activity, according to data from the Indonesia Stock Exchange (IDX).
In total, foreign purchases amounted to Rp18.23 trillion while sales reached Rp21.18 trillion over the period, resulting in the substantial net outflow. The selling pressure contributed to the JCI’s decline, which closed at 7,091.67 on March 30, 2026, down 0.08 percent from the previous session after briefly touching a low of 6,945.50 during intraday trading.
Transaction volume reached 25.12 billion shares with a total value of Rp14.94 trillion and a trading frequency of 1.66 million times. Market breadth showed significant weakness, with 403 stocks declining compared to only 272 advancing, while 149 remained unchanged. Total market capitalization stood at Rp12,536.77 trillion.
Foreign selling was concentrated in the regular market, where net outflows reached Rp678.17 billion, with an additional Rp7.96 billion in cash and negotiated markets. Large-cap banking stocks bore the brunt of the pressure, with PT Bank Rakyat Indonesia Tbk (BBRI) recording the largest net sell at Rp461.4 billion, followed by PT Bank Central Asia Tbk (BBCA) at Rp242.1 billion and PT Bank Mandiri Tbk (BMRI) at Rp241 billion.
Despite the broad-based selling, foreign investors selectively accumulated certain stocks. PT Adaro Andalan Indonesia Tbk (AADI) was the most bought foreign stock, attracting Rp186.6 billion in purchases, followed by PT MNC Digital Entertainment Tbk (MSIN) at Rp171.6 billion and PT Merdeka Gold Resources Tbk (EMAS) at Rp101.2 billion.
The sustained foreign divestment comes amid ongoing concerns about Indonesia’s market stability and follows a trading freeze earlier in February 2026 that raised fears of a potential credit rating downgrade as investor confidence waned. Market analysts have highlighted the need for stable fiscal policy to counteract volatility in the capital markets.