JAKARTA – Selling pressure from foreign investors once again dominated Indonesia’s stock market, resulting in a net sell of IDR 2.8 trillion during trading on Monday (2/6).

This pushed the total year-to-date foreign net sell on the stock market to IDR 47.99 trillion.

In the last trading session of May, foreign investors had still posted a net buy of IDR 1.37 trillion in the stock market, despite IHSG moving within a limited range before closing in the red with a 0.32% decline.

However, on Monday’s trading, IHSG weakened by 1.54% or 110.75 points to 7,065.07. This marks the steepest one-day (intraday) drop since 8 April 2025.

According to data compiled by IDNFinancials.com, foreign investors recorded the largest net sell in shares of PT Bank Central Asia Tbk (BBCA), amounting to IDR 1.07 trillion across all markets.

This was followed by PT Bank Mandiri (Persero) Tbk (BMRI) with a foreign net sell of IDR 600.7 billion, and PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) at IDR 325.7 billion.

All three of these jumbo market capitalisation bank shares weakened in unison, with the steepest drop seen in BBRI, which fell 5.62%. Meanwhile, BMRI shares declined 4.25% and BBCA 3.19%.

Indonesia Stock Exchange (IDX) subsequently included all three stocks in the Top Laggards list, comprising issuers that dragged down IHSG the most. BBRI shaved off 38.22 points from the index, BBCA 20.44 points, and BMRI 19.81 points. (KR/ZH)