Jakarta Composite Index Drops 0.55% as Foreign Net Sells Reach Rp355 Billion
The Jakarta Composite Index retreated to 6,263.73 on Friday, September 25, 2026, dropping 0.55% or 34.88 points during the morning trading session as foreign investors recorded a net sell of Rp355.78 billion. While broader market sentiment remained pressured by persistent capital outflows, select banking and energy equities managed to buck the trend through localized net foreign buying.
Market data compiled via Stockbit for the session ending Friday, September 25, 2026, revealed total foreign gross purchases of Rp1.09 trillion against gross foreign sales of Rp1.44 trillion. This capital flight extended a volatile trading phase for Indonesia’s equity markets, compounding earlier corrections across heavyweight banking counters. Analysts noted that any initial market euphoria surrounding the recent cabinet transition of the new Finance Minister had subsided quickly, leaving domestic liquidity vulnerable to shifting macroeconomic yields and foreign portfolio rebalancing.
Banking Heavyweights Face Sustained Foreign Outflows
The day’s heavy selling pressure concentrated squarely on leading blue chip entities and major financial institutions. PT Telkom Indonesia (Persero) Tbk (TLKM) absorbed the largest foreign net sell at Rp43.75 billion, followed closely by PT Dian Swastatika Sentosa Tbk (DSSA) with a net exit of Rp37.84 billion. Major commercial lenders did not escape the wave; PT Bank Mandiri (Persero) Tbk (BMRI) recorded net foreign sales of Rp34.71 billion.
Additional banking and industrial giants saw notable capital withdrawal during the morning session:
- PT Bank Rakyat Indonesia (Persero) Tbk (BBRI): Rp28.86 billion net sell
- PT Bumi Resources Tbk (BUMI): Rp27.04 billion net sell
- PT Astra International Tbk (ASII): Rp26.02 billion net sell
- PT Bank Negara Indonesia (Persero) Tbk (BNI): Rp23.42 billion net sell
- PT Buana Lintas Lautan Tbk (BULL): Rp18.65 billion net sell
- PT Medco Energi Internasional Tbk (MEDC): Rp15.48 billion net sell
- PT Sinergi Inti Andalan Prima Tbk (INET): Rp15.21 billion net sell
According to market commentary reported by Kontan, the recent correction in major banking stocks—including PT Bank Central Asia Tbk (BBCA) dropping 1.19%, BBRI falling 1.57%, BMRI tumbling 2.86%, and BBNI sliding 1.95% on Thursday—demonstrated that investor sentiment for large-cap lenders lacked a solid foundation following the short-lived ministerial euphoria.
Selective Accumulation in Banking and Energy Counters
Despite the broader market retreat, institutional capital selectively targeted specific counters during Friday’s morning session. PT Bank Central Asia Tbk (BBCA) secured the top spot for foreign net buying at Rp15.65 billion. Industrial and commodity names also attracted defensive allocations, with PT Chandra Asri Pacific Tbk (TPIA) drawing Rp9.83 billion and PT Bukit Asam Tbk (PTBA) pulling in Rp8.59 billion.
Further down the list, secondary and mid-tier equities captured localized foreign interest:
- PT MNC Energy Investments Tbk (IATA): Rp8.04 billion net buy
- PT Intermedia Capital Tbk (MDIA): Rp7.83 billion net buy
- PT Hartadinata Abadi Tbk (HRTA): Rp6.57 billion net buy
- PT Adaro Energy Indonesia Tbk (ADRO): Rp6.13 billion net buy
- PT Adaro Andalan Indonesia Tbk (AADI): Rp5.74 billion net buy
- PT Graha Andrasentra Propertindo Tbk (JGLE): Rp5.56 billion net buy
- PT Sumber Alfaria Trijaya Tbk (AMRT): Rp5.16 billion net buy